Fraud Risk Management and Compliance Solution

Revolutionize Your Digital Banking Experience with Our Compliance and Fraud Risk Management Solution

Why Choose Our Compliance and Fraud Risk Management Solution?

Seamlessly integrating into the digital banking infrastructure, our Fraud Risk Management Solution transforms the way financial institutions, fintech and e-commerce platforms manage and mitigate fraud risks. Powered by an intuitive, no-code platform, it enables a frictionless transition from customer onboarding to transaction monitoring, ensuring a secure and efficient digital banking journey.

Comprehensive Transaction Monitoring

Utilizing advanced AI and ML algorithms, our solution offers real-time monitoring of transactions to detect and prevent fraudulent activities.The system’s ability to adapt to emerging fraud patterns enhances the security and integrity of financial transactions.

AML Screening, Periodic Monitoring and NDD checks

We aid Financial Institutions in pre/post onboarding customer screening using sources like sanctions, PEPs lists for checks against financial crimes. Our Negative Due Diligence APIs ensure Digital Integrity Checks including IP, email, and geo-location.

Chargeback Solutions

Our Chargeback Management Solutions offer robust analytics for trend and pattern insights, aiding in the Chargeback process. It enables merchants to identify improvement areas and strategize to minimize chargebacks, enhancing proactive management.

Compliance Management System

Crucial for any organization, our advanced compliance management system enables effective management of policies, procedures, and certifications, simplifying adherence to Regulatory and Legal requirements, and offering clear compliance status visibility.

Features

Augment the consumer experience with resilient AI ML gear

Rule manager with custom rule creator

Unsophisticated regimen for customizing new rules to the system

Create custom rule and simulate it with a pellucid setup

ML & AI Powered transaction scoring

With the AI & ML capabilites, Watch provide a pattern for high risk transactions

ML powered transaction score enables subsiding false negatives

Single API and easy integration

Launch Transaction monitoring in a matter of few hours

Single API which respond with anomalies detected, fraud risk score for the transaction

Single platform with multiple transaction types

A platform with CIP & CNP for all types of cards – Credit, Debit and Prepaid

Single platform with multiple type of users and access controllers according to role

Core Industries We Serve

Fintech

Attain an immaculate consumer experience by minimizing the manual approach

Ecom

Single way solution to enhance your ecom performance without degrading the user experience

Banks

Analyze and detect suspicious behavior with a nominal workload

Payment Gateways

Facilitate flexible payment methods by considering versatile transaction monitoring

Cards

Immunize your card against potential fraud activities and avoid money dissipation

ATM

Detect and desist fraud action with real-time monitoring and accurate analytics

Net Banking

Reduce the risk of online money loss with a prominent transaction monitoring system

BNPL

Keep pace with online criminal tactics by integrating an efficient fraud protection system

UPI

Protect your system by integrating with an efficient fraud detecting technology.

DMT AEPS

Track and oversee financial transactions to spot and prevent fraudulent movements.

POS

Adding a fraud protection system to your system reduces the plausibility of financial losses.

Wallets

Forefend your brand from fraud attacks by integrating fraud risk solutions.

Crypto

Enhance security in your cryptocurrency transactions with our advanced fraud detection and prevention tools.

NBFCs

Strengthen your NBFC's fraud management with our efficient, cost-effective monitoring solutions.

Reduce your fraud with us!

Our solution offers significant time and cost savings

Streamlines fraud management, reducing time and resources needed for monitoring

Ensures cost-effective fraud prevention, minimizing financial losses

Simplifies compliance, further reducing operational costs and time

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FAQ

Transaction Monitoring involves continuous surveillance of customer transactions, including transfers, deposits, and withdrawals, to detect suspicious activity. It serves as a control mechanism for anti-money laundering (AML) and counter finance terrorism (CFT) efforts. It often employs real-time software for efficiency.

Transaction Monitoring is a crucial initial step for any financial institution’s AML and CFT procedures. Identifying suspicious transactions can prevent global, large-scale money laundering activities.Moreover, having robust monitoring systems in place instills confidence in regulators and banking banking partners. It demonstrates a commitment towards compliance and fosters trust.

Ineffective transaction monitoring can lead to various risks and consequences, including inadequate risk mitigation, regulatory fines and compromised security. It is essential to go beyond static thresholds and utilize comprehensive data analysis to understand and mitigate risks effectively.

Fines for non-compliance in transaction monitoring majorly stem from the following factors:

Lack of resources
Failure to report suspicious activity
Insufficient monitoring systems
Ineffective risk-based frameworks.

Real-Time Transaction Monitoring faces challenges related to complex IT architecture, global regulatory disparities, and managing the output of real-time checks effectively. Ensuring alignment with regulatory requirements and handling real-time alerts efficiently are ongoing challenges.

Real-Time Transaction Monitoring offers the following advantages:

Stop transactions before payments are processed. Real-time monitoring enhances timely suspicious activity reporting, enabling swift intervention to reduce money laundering risks before payments are processed.
Immediate Reporting Timely responses to unusual transactions enable immediate alerting of officials, stopping potential crimes and benefiting the wider community.
Reduce operational strain Traditional transaction monitoring assesses alerts in bulk, while real-time monitoring evaluates reports immediately, reducing operational strain and harmonizing human intervention.
Boost security Real-time transaction monitoring transmits data and alerts individually, reducing interception risk associated with bulk file transmission.
Gain end-to-end visibility Real-time transaction monitoring provides a comprehensive view of transactions through financial risk workflows like PEP and sanction screening, enhancing accuracy.