Identify application fraud and protect genuine user information from being exploited.
Identify money laundering activity and proactively detect the mule accounts before funds are moved.
Monitor web and mobile banking sessions to expose risky actions indicative of fraud.
Detect and stop authorized payment fraud before funds leave the customer’s account.
Enhance your existing compliant solution by adding security without unnecessary friction.
The world’s first inter-bank, behavior-based, financial crime intelligence-sharing network.
A top Asia Pacific bank experienced an increase in lending fraud. After deeper investigation, the bank found that more than 70% of their credit card lending fraud cases were coming from what appeared to be existing “trusted” customers. In this case, cybercriminals were opening new bank accounts with the intention of establishing a relationship with the bank and later applying for credit.
The bank required a solution that would enable them to detect fraudulent bank account openings and reduce losses from subsequent lending fraud. In addition, they needed to be able to deploy quickly in order to minimize further impact to their bottom line and reputation.