FraudNet Features

Requires verification of credit card, debit card, and money transfers prior to accepting payments

Monitors for and rids systems of bots suspected of committing fraud.

Constantly monitors system to detect anomalies in real time.

Alerts administrators when fraud is suspected or transactions have been declined.

Stores data from external or internal sources related to fake accounts, evaluating users for risk.

Actively gathers data on suspicious purchasing sources and characteristics of common committers of fraud.

Produces reports detailing trends and vulnerabilities related to payments and fraud.

View and track pertinent metrics to find patterns and gain insights from data

Tags users suspected of committing fraud and identifies them upon return.

Rates each transaction's risk based on specific factors and their benchmarked scores.

Prevents previous committers of fraud from future transactions.

The solution uses intelligent algorithms like fuzzy matching to identify potential risks.

Create watchlists that can include sanctions lists (e.g., Dow Jones, WorldCheck, WorldCompliance, and Accuity).

Score persons and organizations based on their history and risk potential.

Pool data from various sources to auto-populate e-filing of Suspicious Activity Report (SAR) or Currency Transaction Reports (CTR) forms.

Standard workflows to assign workload and to alert users based on predefined triggers.

Manage due dilligence processes such as Customer Due Diligence and Know Your Customer.

Comply with regulations from multiple jurisdictions such as OFAC, UN, EU, OSFI, UK and AUSTRAC or FATCA.

Compliance with fraud and risk management policies created by the company using the solution.

The process of conducting customer due diligence for any politically exposed person (PEP)

Create behavior models that can be used to detect suspicious behavior.

Simulate and validate scenarios to address multiple types of risks.

Real-time transaction screening to immediately identify potential risks.

Allows users to segment and manage lists of suspicious persons and organizations.

Evaluate the quality and performance of the anti-money laundering activities.

Active monitoring of systems, applications, or networks

Monitor or audit historical and current transactions to analyze customer account activities

Ability to generate standard reports for compliance purposes such as FATCA/CRS, SARS/STR and SWIFT.

Display suspicious activity by period, risk type, person or organization.

Dashboards to provide real-time data on suspicious transactions, persons, or organizations.

Has integreated AI features to assess and assign risk scores to transactions and customer profiles, enabling prioritized investigations based on potential threat levels.

Uses AI algorithms to identify complex patterns and anomalies in transaction data that may indicate money laundering.

Ability to recognize printed or written text within digital images or scanned documents

Improves performance based on feedback and experience

Makes informed choices based on available data and objectives

Software program that continuously adjusts its behavior based on observed data

Works across multiple software systems or databases

Improves performance based on feedback and experience

Makes informed choices based on available data and objectives

Monitors both incoming and outgoing payments to detect fraud, such as fake payees, bank accounts, or unathorized users.

Reviews every transaction in real‑time using rules, pre-defined criteria or a combination of signals to block, flag, or allow transactions.

Allows configuring custom rules/thresholds and adjusting sensitivity for different types of transactions.

Monitoring employee behavior for suspicious activity to detect internal fraud

Track and report on everything that happens within the system or network

Monitor or audit historical and current transactions to analyze customer account activities

Control and manage access to company resources

Work on a set of tasks related to a particular charge, patient, legal issue or any other complex entity or process

Electronically collect payments for goods or services

Track and manage adherence to policies for any service, product, process, or supplier

Uses documents, biometrics, or device fingerprinting to verify that a user is who they claim to be.

Detects unusual login or credential usage and requires additional authentication when a risk is present.

Process of checking different types of data for accuracy to avoid errors or inconsistencies

Builds behavioral baselines to detect deviations in transactions and device usage.

Monitors and blocks automated fraud bots, such as creating fake accounts.

Predict future data based on historical data sets

Analyze and gain insights into data in real-time

Automatically identify unusual behavior

Detection of fraudulent checks to prevent financial losses

Tracks actions of users, rule changes, and other system events in secure logs

Generates customlizable reports for regulatory requirements and ongoing compliance.

Create, design and manage workflows for repetitive tasks

Identify or authenticate a person's identity through biological data such as fingerprints or facial patterns.

Security protocol that ensures secure, encrypted communication over the internet, safeguarding sensitive data from unauthorized access

Import and export data to and from software applications

Receive data and information in real time

Track and report regulatory data to either internal management or external stakeholders

Store and organize documents in a centralized system

Active reporting of data and metrics

Process of checking different types of data for accuracy to avoid errors or inconsistencies

A collection of customer information such as contact details, demographics, previous interactions, etc.

Oversee people and resources to carry out an investigation

Access software remotely via mobile devices

View and track pertinent metrics to find patterns and gain insights from data

Search and filter data across systems to locate required information by entering keywords or certain criteria

Analyze and gain insights into data in real-time

A record of all activities within the system, including user access, changes made, etc.

Track visitors'/audience's responses across web pages and other optimized content

Alerts or notifications of various types such as pop-up messages, sounds, banners, or badges

Add customized logos and colors to align with company branding

Track and analyse user behavior within a system or network

Verify the identity of users/devices to enable secure access

Identify and prevent suspicious activity

Application programming interface that allows for integration with other systems/databases

Work on a set of tasks related to a particular charge, patient, legal issue or any other complex entity or process

Validating the identity of an individual or entity through verification of personal information or credentials

Process of identifying, evaluating, mitigating, addressing and reporting on potential risks or uncertainties

Collection, analysis, and representation of numerical data and generation of reports to understand various patterns

Notifications that are delivered to users as soon as an event occurs

Analyze potential risks across the organization

Set up connections to third-party platforms to improve business processes

Centralized database of stakeholders and their contact information such as names, address, phone number etc.

Import, collect, and capture data from multiple sources

Track and manage adherence to policies for any service, product, process, or supplier

System alerts about the need to escalate an issue or request

A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users

Researching and validating a person's criminal, educational, job or financial records

Securely stores data to prevent data loss or breaches

Use AI to generate content in the form of text, images, videos, etc.

Process of familiarizing new clients, stakeholders or employees with the company, a new location, or a service

Electronic signing method that validates the authenticity and integrity of a digital document

Manage user consent requests and documents

Searchable repository of information about clients

Financial services institutions such as traditional banks, hedge funds, investment banks, and insurance agencies.

Connect with meeting participants remotely over video

Supports access to crypto blockchains

A set of software tools and programs used by developers to create applications for specific platforms

Determines the location of a device using GPS or an IP address

Manage and support multiple languages

Plan availability and assign specific time slots for tasks and resources

Manage the process of evaluating documents or requests submitted for approval

Define levels of authorization for access to specific files or systems

Manage the end-to-end lifecycle, from initial setup/development to deployment and maintenance

Verifies and confirms the accuracy of an address

Store, manage, and track all electronic documents in a centralized location

Store, manage and track all forms in a centralized location

Process of familiarizing new clients, stakeholders or employees with the company, a new location, or a service

Process of identifying, evaluating, mitigating, addressing and reporting on potential risks or uncertainties

Electronic signing method that validates the authenticity and integrity of a digital document

Create, design and manage workflows for repetitive tasks

Import, collect, and capture data from multiple sources

Manage user consent requests and documents

Searchable repository of information about clients

A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users

Access software remotely via mobile devices

Financial services institutions such as traditional banks, hedge funds, investment banks, and insurance agencies.

A record of all activities within the system, including user access, changes made, etc.

Connect with meeting participants remotely over video

Track visitors'/audience's responses across web pages and other optimized content

Application programming interface that allows for integration with other systems/databases

Track and manage adherence to policies for any service, product, process, or supplier

Supports access to crypto blockchains

A set of software tools and programs used by developers to create applications for specific platforms

Search and filter data across systems to locate required information by entering keywords or certain criteria

Determines the location of a device using GPS or an IP address

Use AI to generate content in the form of text, images, videos, etc.

Manage and support multiple languages

Plan availability and assign specific time slots for tasks and resources

Verify the identity of users/devices to enable secure access

Work on a set of tasks related to a particular charge, patient, legal issue or any other complex entity or process

Manage the process of evaluating documents or requests submitted for approval

Alerts or notifications of various types such as pop-up messages, sounds, banners, or badges

Define levels of authorization for access to specific files or systems

Manage the end-to-end lifecycle, from initial setup/development to deployment and maintenance

Securely stores data to prevent data loss or breaches

Verifies and confirms the accuracy of an address

Identify or authenticate a person's identity through biological data such as fingerprints or facial patterns.

Store, manage, and track all electronic documents in a centralized location

Store, manage and track all forms in a centralized location

Track the management and flow of data throughout the organization

Use AI to generate content in the form of text, images, videos, etc.

A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users

Graphical representation of data

Initiate collection and analysis of known risks

Receive system updates as soon as any changes are made

Analyze potential risks across the organization

Rules that can be customized/created based on business requirements for fraud prevention

Receive notification of issues as soon as they occur

Synchronizing data between two or more devices/systems and automatically updating changes to maintain consistency

Approve legitimate financial transactions after reviewing for fraud or other risks

Tools to prevent payment fraud, such as identity authentication, risk analysis, seller protection, etc.

Discover and connect variety of data sources to the application for analysis

Set up connections to third-party platforms to improve business processes

Evaluate units, projects, budgets, and other finance-related data to gauge their performance and potential risk

Receive data and information in real time

Collection, analysis, and representation of numerical data and generation of reports to understand various patterns

Verify the identity of users/devices to enable secure access

Track and document all activities across devices, networks, and other systems

Application programming interface that allows for integration with other systems/databases

Record of all transactions such as purchases, deposits, withdrawals and transfers within a specific period

Intended to be used by online stores

Dashboard to view the status of ongoing processes, identify current incidents and track past activities

Notifying as a warning or reminder of a potential or imminent hazard

Intended to be used by banks

Software program that continuously adjusts its behavior based on observed data

Alerts or notifications of various types such as pop-up messages, sounds, banners, or badges

Import and export data to and from software applications

Intended to be used by insurers

Complies with the Payment Services Directive Two (PSD2), set by the European Union for electronic payment services

Import, collect, and capture data from multiple sources

Search and filter data across systems to locate required information by entering keywords or certain criteria

System alerts about the need to escalate an issue or request

Track visitors'/audience's responses across web pages and other optimized content

Record customer information, purchase history, and other notes