Your IT Transformation Partner

Financial Crime Preventation

  • Financial Crime Preventation

Financial Crime Prevention

Financial Business has many needs that needs to be addressed including:

  1. How can I identify new methods of fraud and financial crime?
  2. How do I reduce the number of false positives?
  3. How can I improve the overall customer experience?
  4. How can I increase efficiency through process automation?
  5. How can I best comply with regulations today and in the future?
  6. What are my critical emerging operational issues?
Protection Against Fraud & Financial Crimes

  1. Payment Fraud: Stop chargebacks, false declines, and fraudulent purchases
  2. Application Fraud: fake payslips in their mortgage application or a form of identity fraud, Spot credit fraud early, and approve good customers.
  3. Transaction Fraud: Stop card, deposit of payroll and wire transaction fraud in real-time
  4. Anti-Money Laundering: Adapt to new money-laundering tactics and stay compliant
  5. Account Protection: Uncover account takeovers and massive fraudulent registrations ahead of time
  6. Promotions and Policy Abuse: Catapult growth with promotion strategies that reach the right hands

Scenarios Payment Fraud

  1. Payment Fraud is responsible for the highest volume of losses for financial organizations worldwide.
  2. The with Increased digital transactions and Real-time payments Outdated processes and systems and Siloed data analytics operating with limited data using Simple rules-based systems, can’t keep up with the complexity of emerging fraud activity.
  3. Are you ready to manage Instant Payment which requires sub-second response times and automated decisioning? Instant Payments requires faster fraud detection?

How can we help?

SAS solution can help mitigate this risk using advanced analytics to detect more fraud transactions in real-time whilst keeping false positives to a minimum and reducing customer friction. SAS empowers you to be proactive in the fight against fraud through data exploration, anomaly detection and network visualization

 

  • monitor financial transactions across all product channels (Debit & Credit Card financial transactions, Mobile Banking, Internet Banking & IVR.)
  • real-time scoring solution Manage Instant Payment requests in real-time (around 0.3 second) with a high effective fraud scoring. SAS combines business rules and analytics/machine learning techniques to identify suspicious patterns and fraudulent states.
  • capable of taking real time/near real time decision, detection and blocking capability melded with an ability to cover enterprise level systems, channels on a single platform.
  • Increase ROI and customer satisfaction by limiting number of false positives to avoid create customer friction and damage reputation, while inefficient investigative processes drive.

Eliminate the risk of an attack on the bank due to AML noncompliance with SAS Updated and maintained fraud and AML compliance policies, procedures and remediation programs.