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.
Authorized payment scams are relatively new, and existing banking regulations have failed to stay current in addressing the issue. But this is changing.
As scams continue to impact banks and consumers around the world, regulators are taking notice and becoming more focused on specific scam controls for banks. In addition, some regulators are starting to mandate reimbursement for consumer scams and recognize telcos and social media platforms as part of the problem.
If 2023 was the year for news, will 2024 be the year of action?
Take a trip around the world with us to learn what has led to the “scampocalypse” we are facing today and the major developments and initiatives coming out from regulators across the globe to curb the rising tide of scams.