Fraud and Money Laundering represent a small, complex subset of a large universe of transactions, which are dynamic and sophisticated. Anti-fraud and anti-money laundering tools must be fast, accurate, affordable and capable of identifying the unknown, on their own.
Identification of fraud and money laundering requires data from multiple sources, often inconsistent and incomplete; therefore tools must be capable of accessing and interpreting data regardless of location, format or content.
iPrevent for Fraud prevention and Identity theft protection
iPrevent delivers a comprehensive solution that not only identifies known fraud activities, but also detects first fraud. iPrevent for Fraud accurately identifies, in real-time, suspicious and fraudulent behavior from seemingly normal credit card, check card, check, securities and EFT transactions regardless of whether this specific behavior has been previously identified.
With iPrevent for Fraud prevention and identity theft protection, financial institutions can:
- Identify and stop first fraud
- Stop indentity theft and account takeovers
- Reduce false positives
- Build and deploy new or modified models as often as required
- Affordably prevent fraud in terms of price and manpower
- Improve profit margins with efficient use of investigative staff
iProtect for Money Laundering delivers the most comprehensive solution in the industry to detect known money laundering activities. iProtect has the capability to rapidly adapt to detect new money laundering methods and accurately identifies, in real-time, suspicious and fraudulent behavior from seemingly normal credit card, check card, check, securities and EFT transactions regardless of whether this specific behavior has been previously identified.
With iProtect for Money Laundering, financial institutions can:
- Better mitigate risk by detecting more suspicious activity
- Comply with legal and regulatory requirements
