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Fuzzy Logic Labs Fuzzy Lodge Labs

Company

Information Technology
Since 2016
Russia
Central Federal District of the Russian Federation
Moscow
Party Lane, 1, Building 58, Building 2, Office 22


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Owners:
Vestelcom - 99,99%
AMT, JSC - 0,01%
(effective February 28, 2023)
Financial results
2022 year
Revenue: 344860 Ths. rub
Net Profit: 234540 Ths. rub

Owners

+ Rostelecom Northwest

Fuzzy Logjik Labs, a Russian company founded in 2016, conducts a full cycle of development and launch of products in the field of antifrod: from the development of mathematical models to the introduction of the product in financial institutions with the subsequent support of fraud detection and prevention systems in all customer service channels.

The company's work is carried out in several directions:

  • external fraud
  • internal fraud
  • compliance monitoring

Performance indicators

2022

At the end of 2022, revenue from sales of Fuzzy Logic Labs amounted to 344.86 million rubles, net profit - 234.54 million rubles.

History

2023

Closing the deal with Rostelecom

Rostelecom, an integrated provider of digital services and solutions, announced to TAdviser on March 28, 2023 that it had closed the acquisition of 100% of Fuzzy Logic Labs LLC. The amount of the transaction was not disclosed.

«Ростелеком» закрыл сделку по покупке Russian antifrod systems developer Fuzzy Logic LabsCredit:
blackterminal.com

The main activities of Fuzzy Lodge Labs are countering external and internal fraud, as well as money laundering. The company implements comprehensive IT projects to organize secure transactions in various sectors of the economy: from the financial sector to retail enterprises.

By joining Rostelecom, Fuzzy Lodge Labs has gained opportunities for further development and promotion in new markets. In particular, as specified by the first vice-president - financial director of Rostelecom Sergey Anokhin, the Fuzzy Logjik Labs team is planned to be strengthened by the necessary specialists and support in promotion. In general, the integration of the company, in accordance with the developed plan, should take just under six months.

According to representatives of Rostelecom, the provider consistently implements the strategy of a digital partner for business, the population and the state, launching and integrating new technological solutions in the digital environment. Thanks to the deal, Rostelecom will be able to develop advanced transaction security platforms. The acquisition of the Russian developer Fuzzy Lodge Labs allows us to supplement the range of digital products and services offered to corporate clients to ensure the security of business processes, primarily in the field of providing financial services and services using innovative technologies.

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Rostelecom and FuzzyLogikLabs will be able to offer a domestic solution for companies and financial institutions in convenient formats. In the context of the active transfer of all business processes to the digital environment, the issue of combating and preventing fraud in card transactions, loyalty systems, e-commerce and other areas is especially relevant, "added Sergey Anokhin.
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Purchase of Fuzzy Logic Labs by Rostelecom

On March 1, 2023, it became known about the sale of Fuzzy Logic Labs to Rostelecom. Financial and other terms of the transaction were not disclosed.

According to Interfax, citing data from the SPARK-Interfax information and analytical system, 100% of Fuzzy Logjik Labs LLC was acquired by two Rostelecom structures: 99.99% of the developer of IT solutions to counter fraudulent transactions was received by Vestelcom JSC, the remaining share - AMT JSC. The changes were registered on February 28, 2023. The sellers of Fuzzy Logic Labs were two individuals - Alexander Vologdin and Fedor Larionov (is the general director of the company).

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Perhaps now Rostelecom will develop its own anti-fraud system

As reported on the Fuzzy Logic Labs website in early March 2023, the company is engaged in the development, implementation and technical support of software to counter fraudulent transactions in various customer service channels (Smart Fraud Detection anti-fraud system). The main activities of the company are countering external and internal fraud, as well as money laundering. The company implements comprehensive IT projects for organizations of different sectors of the economy: from the financial sector to retail enterprises.

At the beginning of 2023, Roskomnadzor launched a platform to combat telephone fraud and to block calls and SMS messages from replacement numbers called "Antifrod." By early March 2023, some operators, including Tele2, Rostelecom, have not yet participated in the project, but should soon organize links through Antifrod. It is possible that Rostelecom, having bought Fuzzy Logic Labs, will develop its anti-fraud system.[1]

2022: TAdviser interview with Technical Director Sergey Parfenov

How to ensure information security in banks in the current conditions, how to switch to domestic IT solutions within the framework of import substitution? Leaving the market of Western IT companies forces banks to look for a foothold in a changing coordinate system among domestic software developers. Sergey Parfenov, technically director of Fuzzy Logic Labs, spoke about this in an interview with TAdviser in March 2022. Read more here.

2021

On monitoring bank transactions, countering fraud and money laundering during a pandemic

During the coronavirus pandemic, when global problems are unprecedented and there is a general economic downturn, crimes related to COVID-19 are increasingly emerging, including fraud, cybercrime, misuse or illegal use of public funds or international financial assistance, as a new source of income for criminals. For Fuzzy Lodge Labs, which develops a cross-channel system for detecting and preventing fraudulent transactions in real time Smart Fraud Detection, it is important to counter money laundering and aiding terrorism. Read more here.

Tadviser Interview with Technical Director and Head of Software Implementation and Support

In May 2021, Tagir Kudashev, head of the software implementation and support department of Fuzzy Logjik Labs and technical director Parfyonov Sergey spoke in an interview with TAdviser about the project for the rapid introduction of anti-fraud systems in Vozrozhdenie Bank. Read more here.

2020: TAdviser interview with the head of the software implementation and support department Tagir Kudashev

In December 2020, Tagir Kudashev, head of the software implementation and support department of Fuzzy Logjik Labs, spoke in an interview with TAdviser about how the risks of financial organizations manifest themselves today, and what ways to combat these problems are offered by domestic IT solution providers. Read more here.

Notes