Payment Fraud Monitoring
More fraud to reimburse
Future regulations and society expect banks to do more to prevent payment fraud and to reimburse its victims. Every reimbursement is money your bank pays out of its own pocket. It is a direct cost on your P&L.
Money you cannot get back
Instant payments reach the other side in seconds. Once the money has left your bank, it is very hard to recover. A check afterwards comes too late.
Fraudsters keep getting smarter
Fraudsters use new technology, including AI, to get around the controls your bank has in place. If your detection stays the same, your bank falls further behind every year. More fraud gets through, and it becomes harder to show your customers and auditors that your controls work.
Rules and AI work together
Rules and AI each look at different signals and combine them into a risk score and a decision for every payment.
Your own risk appetite
You set the conditions, the thresholds and what happens when they are met, at the level of detail that fits your activities.
The reason behind every flag
Every flag shows what drove it, so your team knows why a payment was flagged or cleared.
Managed by us
We monitor and retrain the AI and maintain the platform. One subscription covers the licence, the cloud, maintenance and retraining.
- 01 AML Monitoring Spot suspicious patterns in customer behaviour.
- 02 Payment Fraud Monitoring Soon Detect behavioural patterns to flag potential fraudsters and their victims.
- 03 KYC Risk Soon Optimise your periodic and event-driven due diligence and reviews through behavioural scoring.
- 04 Sanctions Screening Soon A contextual layer on top of sanctions list matching.