The refreshed Precision launches with two named products. Precision Fraud Prevention uses machine learning models trained on travel-specific transaction data to help clients approve a higher proportion of legitimate bookings while containing fraud losses. Precision Travel Flexibility is a decisioning layer that allows travel companies to offer contextual cancellation and change options, adjusting eligibility and pricing at the individual booking level to lift attachment rates and protect margin. Etraveli says both products are designed around the structural realities of the travel sector, notably thin margins, high cancellation volumes and significant exposure to card-not-present fraud.

Peny Rizou, chief fintech officer of Etraveli Group and head of Precision, framed the move as an external commercialisation of capabilities developed over two decades of internal use. “Over two decades, we have honed these capabilities internally. By evolving Precision into a specialised fintech arm, we are giving airlines, OTAs and travel partners access to travel-native intelligence that turns challenges like fraud and cancellation risks into scalable, profit-generating strategies.”

Precision already has named distribution relationships with Outpayce by Amadeus, Mastercard Gateway, Sabre and Checkout.com, which collectively represent substantial coverage of the global flight booking and payments infrastructure. Etraveli did not disclose revenue attributable to Precision, nor the split between internal group usage and third-party client contracts.

The travel payments and fraud-prevention segment has attracted growing fintech interest as airlines and OTAs look to recover margin lost to high chargeback rates and the operational cost of flexible ticketing rules introduced widely during the pandemic period.

Source link