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Fraud.net Reviews & Product Details

FraudNet is an AI-native fraud, risk, and compliance management software platform that helps financial institutions, fintechs, payment processors, and enterprise organizations detect and prevent fraud, manage risk exposure, monitor merchant compliance, and meet regulatory requirements in real time. Designed for fraud operations teams, risk managers, compliance officers, and data scientists, FraudNet provides a unified platform that consolidates fraud detection, anti-money laundering (AML), KYB entity screening, sanctions and PEP screening, merchant risk monitoring, and transaction monitoring across cards, ACH, wires, and real-time payment rails (including FedNow and ISO 20022) into a single, integrated environment. The platform serves banks, credit unions, payment service providers, merchant acquirers, fintechs, marketplaces, and digital commerce businesses processing high volumes of transactions that require adaptive, low-latency decisioning to reduce financial losses while minimizing disruption to legitimate customers. FraudNet addresses core challenges common across the payments, banking, and financial services landscape: rising fraud rates and synthetic-identity attacks, growing regulatory complexity, high false-positive rates that create operational burden, and the need to act on emerging threats without lengthy model retraining cycles. Key capabilities and features include: • AI-native fraud detection and decisioning: Machine learning models that continuously adapt to new fraud patterns, enabling real-time scoring across transactions, accounts, applications, and identities -- covering payment fraud, account takeover and synthetic identity. • Merchant risk monitoring: Purpose-built tools for monitoring merchant behavior and policy compliance, providing portfolio-level risk visibility through integrated alerts, case workflows, and a Portfolio Health Dashboard for payment processors, acquirers, and PSPs. • AML compliance and entity screening: Integrated modules for anti-money laundering, KYB screening against OFAC, EU sanctions, PEP databases, FBI lists, and adverse media, with end-to-end case management, and auditable compliance workflows aligned to FinCEN, FATF, and EU AMLA standards. • Network intelligence: FraudNet's Global Anti-Fraud Network aggregates anonymized fraud signals across billions of transactions, digital identities, and payment profiles spanning 185 countries, enabling risk scoring and pattern recognition for entities an organization has never encountered before. • Data Hub: Seamless integration layer connecting FraudNet to an ecosystem of third-party data partners -- including Jumio, LexisNexis, Prove, TransUnion for identity verification, plus device fingerprinting, geolocation, and communications providers -- allowing organizations to enrich their fraud and risk programs without disrupting existing workflows. FraudNet is delivered as a cloud-based SaaS solution with SOC 2, PCI DSS, and FATF-aligned compliance certifications, supporting API-based integration with existing technology stacks for deployment without full legacy system replacement.

Product Website

Seller

Fraud.net

Discussions

Fraud.net Community

Languages Supported

English, Spanish

Overview by

Dan Krebs

Value at a Glance

Averages based on real user reviews.

Time to Implement

2 months

View More Pricing Information

Fraud.net Media

Transaction Analysis

Case Management Dashboard

Address Score Analysis

Real-Time Linked Entity Analysis

Rules Performance Dashboard

Official Downloads

(4)

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eBook: Protect Your Customers and Company this Holiday Season - Build a More Secure Digital Customer Journey

eBook: 8 Actions to Take Now to Reduce Insider Fraud

Interactive Demo

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Daniel M.

Sr. Manager Business Transformation Accounting

Enterprise (> 1000 emp.)

8/16/2022

"Background verification has never been easier than with using Fraud.Net's quick service."

4.5/5

What do you like best about Fraud.net?

The implementation time was extremely fast and their customer service is very responsive. Fraud.Net allows our company to verify in real-time the background screening and conduct our due diligence on prospective suppliers. Our Compliance team is thrilled with this addition to our supplier onboarding process. Review collected by and hosted on G2.com.

What do you dislike about Fraud.net?

It would be helpful for the Analytics tool or data to be extracted in different file layouts or raw flat files to allow exporting into other applications without an API integration. Especially, for smaller volumes that don't necessarily meet the API requirements. Review collected by and hosted on G2.com.

Verified User in Financial Services

Mid-Market (51-1000 emp.)

2/18/2022

"Great and Flexible system with Superior Support!"

5/5

What do you like best about Fraud.net?

It helps to increase our approval rating. It will reduce the manual labor required to review the online transactions and improve the turnaround time to approve an order, thus increasing operational efficiencies and customer satisfaction. Review collected by and hosted on G2.com.

What do you dislike about Fraud.net?

I can't say anything that I dislike about the product or service. It's a new tool for us, and we hope to have a seamless experience with high approval ratings and good customer service while maintaining fraud prevention. Review collected by and hosted on G2.com.

Recommendations to others considering Fraud.net:

It is a user-friendly tool and works really well in auto approving transactions and reducing fraud simultaneously. The support team is really great in responding quickly and at any time. Overall, it is efficient and effective. Review collected by and hosted on G2.com.

What problems is Fraud.net solving and how is that benefiting you?

Fraud.net tool is very user-friendly and works well to reduce fraud and auto-approve transactions. The help team is quick to respond. Our company has a highly positive experience working and integrating with them. Review collected by and hosted on G2.com.

Tajudeen M.

Head, Risk Management & Compliance

Enterprise (> 1000 emp.)

8/10/2022

"Fraud.Net has been fantastic"

4.5/5

What do you like best about Fraud.net?

Some rules are interwoven and can block individually, thereby making it difficult for the fraud-related transactions to scale through.

This is better than other competitors. Review collected by and hosted on G2.com.

What do you dislike about Fraud.net?

Inability to amend or add new rules directly without getting in touch with your representative

It will be better if the rules can be flexible and editable to suit the local environment. Review collected by and hosted on G2.com.

Verified User in Financial Services

Mid-Market (51-1000 emp.)

2/17/2022

"A wonderful tool to catch bad guys"

5/5

What do you like best about Fraud.net?

Fraud.net is very easy to use. It has a sleek interface and is very personable. By creating new rules that adapt to our business type, we become more precise, ultimately saving the company a fair amount of money. Review collected by and hosted on G2.com.

What do you dislike about Fraud.net?

I wish Fraud.net could link to multiple other tools that we use daily to make it even more efficient. If we could connect to external articles thanks to keywords, our work could be made more accessible. But overall, it is a great tool, and our company can survive thanks to it! Review collected by and hosted on G2.com.

Response from Dan Krebs of Fraud.net

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Thanks for your feedback! Fraud.net actually CAN link to other tools to make it more efficient!

You can use some of the many integrations through our AppStore that other clients utilize for efficiency purposes.

We'd love hear more about what tools you are using so we can show you how you can integrate them into Fraud.net.

Please email us at support@fraud.net or call us at +1 (866) 971-2030 so we can get you linked up with someone who can help you link to the tools you need/show you how to run as efficiently as possible.

You'll get the hang of it pretty quickly, it's actually simple once you know what you're doing.

Also, check out link to the AppStore in the meantime (see below).

See how Fraud.net improved

Verified User in Accounting

Mid-Market (51-1000 emp.)

2/16/2022

"A good solution, but not an all-in-one solution."

3.5/5

What do you like best about Fraud.net?

Clear management of transaction information. The ability to quickly write, rewrite, and review rules. Useful queuing systems. Quick and reponsive software. It takes some work but you can make this fit your needs. Review collected by and hosted on G2.com.

What do you dislike about Fraud.net?

It is challenging to integrate Fraud.net into our other software. We are unable to see information on Fraud.net that other all-in-one solutions provide. Feels very disconnected from our other processes. Review collected by and hosted on G2.com.

Response from Dan Krebs of Fraud.net

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Thanks for your feedback!

Call us at +1 (866) 971-2030 or write support@fraud.nt and we'll show you how to see all the information you need in one place, just like other all-in-one-solutions.

We'd also love you to show us on the call where you're frustrated, so if necessary, we can improve our product. Thanks so much for letting us know you're struggling with integrations.

We have many integrations through our AppStore that other clients utilize for efficiency purposes... I know you can, too.

Show us what tools you're using/need to integrate with so we can integrate them into Fraud.net.

Just email us at support@fraud.net or call +1 (866) 971-2030 so we can further support you right away.

Here's the link to the app store in the meantime-> https://fraud.net/solutions/appstore/

See how Fraud.net improved

Verified User in Financial Services

Small-Business (50 or fewer emp.)

5/31/2022

"Fraud.net - Review"

3.5/5

What do you like best about Fraud.net?

Fraud.net services and products allow my company to operate in a more risk-free manner. Additionally, its staff and customer service are very helpful and always ready to fix and or develop solutions to my company's needs. Review collected by and hosted on G2.com.

What do you dislike about Fraud.net?

Fraud.net platform offers a great variety of services and checks important to the operation of my company, although some chack and functionalities of the platform are limited to my needs. Review collected by and hosted on G2.com.

Salihan M.

Sr. Backend Web Developer

Small-Business (50 or fewer emp.)

8/16/2022

"I found fraud net easy to use and mostly trusted"

3/5

What do you like best about Fraud.net?

Their fraud checking service is quite good. And the application is easy to use to setting up the rules. Review collected by and hosted on G2.com.

What do you dislike about Fraud.net?

Webhook callback url setting is complicated. And customer support is lengthy and slow. Review collected by and hosted on G2.com.

Heather F.

Founder and CEO

Small-Business (50 or fewer emp.)

8/19/2022

"The Best"

5/5

What do you like best about Fraud.net?

Using fraud.net has helped tremendously with my business, to be able to catch and identify fraud to the next level. Review collected by and hosted on G2.com.

What do you dislike about Fraud.net?

there is nothing to dislike about fraud.net the service and platform they provide is amazing Review collected by and hosted on G2.com.

Patrícia C.

Compliance and Investment Analyst

Small-Business (50 or fewer emp.)

8/26/2022

"Interesting program, but not what we were looking for"

3/5

What do you like best about Fraud.net?

The AML platform and its document authentication features Review collected by and hosted on G2.com.

What do you dislike about Fraud.net?

The fact that you could not use the AML without involving the clients that we were trying to screen. Review collected by and hosted on G2.com.

Verified User in Financial Services

Mid-Market (51-1000 emp.)

8/11/2022

"Power-user of FRAUD.NET"

3.5/5

What do you like best about Fraud.net?

Flexibility in rule definition, Machine Learning functionality, ongoing improvements and above all good support. Review collected by and hosted on G2.com.

What do you dislike about Fraud.net?

Dealing with multiple industries in one cockpit. Real-time rule effectiveness when creating new rules + email domain reputation score might be a nice addition. Review collected by and hosted on G2.com.