ENTERPRISE FRAUD MANAGEMENT
Enterprise Fraud Management Solution is a real-time intelligent Big Data Solution that combats sophisticated fraud with real-time, actionable insights. It monitors suspicious activities in real-time, and takes the right decision at the right time as opposed to end-of-day reporting and analysis. The system is designed to meet the fraud detection, investigation, prevention, monitoring compliance and audit needs of banks.
The proposed Enterprise Fraud management is crime management product innovator that exists for mission-driven banks that are exposed to the global $4 trillion problem of fraud. The system is currently processing 10+ billion transactions and managing 700+ million accounts across marquee banks worldwide. With 200+ million accounts at a single site fraud management solution.
The FRM can handle Real-time, cross-channel fraud management (instead of the conventional channel silo-based approach) to detect and deter ingenious attempts bank wide can handle all channels.
Solution Features
Employee Fraud Management : Enables real-time employee or internal fraud prevention.
Real-Time Transaction Monitoring : Protects banks against core-banking frauds like customer, account and employee level frauds.
Switch : Allows customers to Switch On/Switch Off Card transactions by category and indicate their spend rules through Mobile Banking or Internet Banking.
Cross-Channel Fraud Monitoring : Proactively combats Cross-Channel & Cross Product Fraud in real-time.
Payment Card Fraud Management : Provides payment instrument issuer, payment processor or a merchant acquirer the necessary arsenal to monitor, detect and prevent fraud.
Online Banking Fraud Prevention : Empowers banks to detect and prevent fraud before the online banking transaction is completed and take necessary action to prevent the damage.
Highlights of the System
Implemented successfully in large Global Banks.
Combats cross-channel, cross-product fraud (internal fraud, identity theft, ATO, credit card fraud, CNP fraud, etc.) across the bank.
Cross-Pollinated intelligence in extreme real-time.
Customer aware solution digesting all transactions, events and actions.
Silo Breaker with actionable insights.
Out-of-the-box integration with widely used core systems.
Rapid on-premise or SaaS deployment.