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.
Mule accounts are the most critical link in the fraud supply chain infrastructure as they are central to the criminal cash out and money laundering process. Recently there has been a surge in money mule recruiters and scams targeting those most impacted by the change in economic climate. According to UK Finance, in 2020, there were over 17,000 suspected money mule cases involving individuals between the age of 21-30 year, a five percent increase from the previous year. With the rapid digital shift and consumers demanding faster payments, progressive technologies are required to help financial institutions prevent the flow of stolen funds through their organization.
Download Mule Account Detection: Interrupting the Journey of Fraudulent Payments to learn more.