Multi-Channel Fraud Prevention
IMTF Multi-Channel Fraud Prevention is a real time,
cross-channel Fraud solution that enables financial institutions to
detect and manage fraud effectively across the entire organization,
irrespective of product or delivery channel. The solution combines
out-of-the-box detection and investigation capabilities for detecting
the most common types of fraud with a second tier of advanced analytic
models and profiling techniques for detecting highly complex and more
severe attacks. The following descriptions explain in more detail the
specifics of our different Fraud Detection modules which can be deployed
as stand-alone or as part of the most complete cross-channel fraud
detection suite that is recognized by leading market analysts and used
by many of the world's largest financial institutions. The IMTF Fraud
Prevention Solution’s proven technology and performance allows firms to
mitigate the risk of fraud by providing vital security to:
- Prevent circumvention of controls: correlate and interpret information from multiple functional areas to prevent employees from circumventing controls, including trading / risk management (position limits), Compliance (account usage), operations (access mismatch) and human resources (policy violations).
- Identify unusual behavior, test anomalies: identify unusual behavior with peer and sequence analysis, as well as analytics which test anomalies in a wide area of operations: from P&L, cancelled transactions and counterparty concentration to off-hours access and number of attempted logins.
- Increase accuracy with alerts based on aggregated risk scores: leverage multiple alert levels to develop an overall risk score based on warning and fraud predictor aggregation. Risk scores are developed and resulting alerts are presented in a single, consolidated interface for management review.
- Streamline investigation: save valuable time by conducting ad-hoc analysis of trades, cases, alerts, account data and more, while executing collaborative and efficient investigations with query by example, real-time instant feedback and one-click query automation
more