Internal Fraud Solutions
Overview
INTERNAL FRAUD SOLUTION
Financial institutions suffer huge revenue losses due to fraud schemes. Fraudsters use sophisticated means to circumvent existing policies and fraud systems in place. Lack of goodwill to invest in modern methods of fraud detection, weak regulatory enforcement, challenges in law enforcement agencies and limited human resource provide a fertile ground for criminals.
Organizations need to detect and prevent both internal and external fraud in real-time across all channels in the organization.
Fraud Solutions
Organization's situation vs Solution
Organization's Situation
Current challenges & pain points
Incomplete case lifecycle management
No visibility of cases history
Silos
Multiple systems, partly legacy and inability to cross-reference and discover relationships between suspicious entities.
No real time monitoring of activities
It takes months or years to realize a fraud.
No or Incomplete Case Manager
incident investigation puzzle and weak evidence.
The Solution Offers
How we address each challenge
Complete Case Lifecycle Management
Provide full journey of a case: intake to closure or regulatory reporting.
Unified Data & Single View of Risk
Connects with all corporate systems, enables investigators to Google-like search on user screen content activities including BROWSE ONLY activities that lack logs.
Real time monitoring
Prevents fraud by detecting negligible suspicious activities aggregation. Detects both planned and unintentional mistakes.
Workflow
Prioritization, routing, escalation rules, and automated reminders for time sensitive tasks
Single window
Solution covers all types of fraud risks (Internal, ATM/POS, Web, Mobile, Swift, AML) with flexibility to cover current and future fraud scenarios.
Audit Trail
A complete audit trail of all actions taken on cases, alerts, and related items
Case manager
Provides complete audit trail, link analysis, historical investigation capabilities and custom reports. Visual session record and replay of user click-stream helps management make better decisions.