With soaring inflation, a cost-of-living crisis, and rising interest rates, there has been a significant increase in incidences of fraud, meaning fraud-related losses are also set to rise. Not only this, but fraudsters are constantly evolving, meaning that the threat is ever-changing.
Our real-time fraud detection solutions help fraud prevention throughout the customer journey, offering a single integration point and helping businesses to identify fraud risk while meeting the necessary regulations.
Fraud risk management involves identifying, understanding, and responding to fraud risks, and detecting and preventing both internal ‘insider’ fraud and external fraud. With effective fraud monitoring using fraud risk management and assessment tools, you can identify fraud quicker, reduce the operational costs involved in fraud management, and deliver a more seamless customer journey.Speak to an expert
During times of economic uncertainty, markets tend to see a rise in fraud, caused by changes in customer circumstances and financial behaviour. In 2022, identity fraud in the UK increased by 21%, with 90% of all incidents originating online. And this trend is set to continue into 2023. With the right fraud detection solutions, you can implement real-time, fraud and scam detection.Speak to an expert
With increasingly sophisticated methods of fraud, businesses need to explore more advanced solutions to protect their customers, and themselves. As a result, the latest generation security and identity technologies, including machine learning and AI-based fraud detection tools, are now an investment priority for businesses. Machine learning uses AI-powered algorithms based on your historical data to suggest and implement risk rules. This enables faster and more efficient fraud detection, more accurate predictions, cost savings, and reduced manual input.Speak to an expert
Detecting fraud during the application process is a top priority for businesses and financial institutions, helping them to stop fraudulent transactions before they happen. With a layered approach featuring a combination of data, analytics, and capabilities, businesses can identify suspicious applications quickly and more accurately.Speak to an expert
Getting a customer’s bank details wrong can be time-consuming to resolve, and cause stress and concern for the customer. But it is possible to verify the owner of a bank account, confirming that the details are correct and it is owned by the person who has claimed it. With bank account verification and validation solutions, you can validate and verify customer bank account details so you can be confident that a bank account not only exists but that it belongs to the right customer. Ensure that your customer successfully makes and receives payments every time.Discover Bank Account Verification
Validate user identities in a seamless, invisible way without compromising checks.
Make sure you know everything you need to about selected assets and individuals.
Fight financial crime with third-party data and automated checks.