Financial Crime Control Solutions | Fraud: Transactional/Internal

Bank Fraud Solutions

Fraud comes in many forms. It can originate internally or externally, involve employees and customers, and range from local criminals to sophisticated international fraud rings. Industry reports and government analysis agree - fraud at financial institutions is pervasive and rapidly growing.

As your transaction volume increases, fraud becomes more and more difficult to monitor. Every customer, every employee, and every transaction represent potential exposure. You must look for stolen identity, check kiting, insider collusion, ACH fraud, ATM fraud, attacks on your cash management system and much more.  The potential for fraud is seemingly endless, and without an appropriate fraud prevention program in place, your reputation and your bottom line are at continuously increasing risk.

Fraud prevention delivers the best ROI

The return on investment for each dollar spent on real-time fraud prevention is many times greater than loss mitigation. When you prevent fraud, you reduce your losses by 100%. Post-fraud loss mitigation typically yields 10-20% at best. In addition, managing your operational risk through true fraud prevention provides exceptional return on investment in terms of mitigating your reputational risk.

Wiz Sentri: Anti-Fraud enables you to prevent fraud by examining all activity continuously and in real time. By comparing system activity and employee/ customer behavior to profiles that the system builds, Wiz Sentri: Anti-Fraud will detect all anomalous activity - including the precursors to the actual fraud - and send real-time alerts, allowing you to stop the fraud before it occurs.
Whether you're concerned about internal, account/transactional or cash management fraud, Wiz Sentri: Anti-Fraud can be configured to fit your institution's needs and resources.

To learn how Wiz Sentri: Anti-Fraud protection can be tailored to your specific situation, please click on a link at the right.