Immediate/Realtime payments that increases the speed of transactions and clearing times means there is less time for the bank to review transactions for suspicious activities.
Banks will need to be even more diligent in watching for online fraud, first-party fraud and false claims.
The attacker corners the soft target that can open up threshold to penetrate into the system and bring about financial or reputational loss to the financial institution.
Using real-time fraud indicators, a risk score approach, a deep understanding of strategies exploited by fraudsters and actionable intelligence, protect.ai provides real-time, highly accurate information
to determine whether a transaction is fraudulent.
Extend Your Defense
This offers financial institutions a comprehensive fraud prevention platform that delivers broad visibility across the threat landscape.
- Analyse transaction point of origination and characteristics
- Accurate mobile defence data for fraud symptoms
- Elimination of known risks and patterns
- Alert people, process and systems for remedial
Expand the data analysis in every touch points
Our best in class AI engine is capable of pin pointing the possible attack before execution of the financial instruction.
- Correlate channels data and analyse
- Historical data-based analysis on customer merchant transactions
- Analyse the Beneficiary account patters
Exclude legitimate transactions
The fraud analysing system cannot be a bottle neck and increase time for a legitimate transaction.
- Reduce False positive
- Credible transactions will be scored and processed at the earliest.