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
Integration with Digital Banking Platforms
Our solution is designed to integrate seamlessly with existing digital banking infrastructures, providing a cohesive and uninterrupted user experience. It supports a wide range of financial operations, from basic banking transactions to complex investment and insurance services.
AML and Sanction Screening
The platform includes comprehensive Anti-Money Laundering (AML) and sanction screening features, ensuring compliance with regulatory standards. This enhances the trustworthiness and security of the financial institution in handling sensitive financial transactions.
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
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.
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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
What People Say About Us
What Our Clients Say About Services
The ongoing lockdown has made physical modes of submitting KYC applications inconvenient. With our already available Video e-KYC solution we have been able to win over this logistical challenge. This mode of onboarding is seeing rapid increase ..
What Our Clients Say About Services
Mswipe was one of the first institutions in the industry to introduce Merchant Onboarding product of Signzy. The erstwhile merchant on-boarding process was manual and time-consuming. Signzy has digitized the complete journey which has resulted.
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FAQ
How is Signzy helping gaming companies?
The gaming industry has high hurdles to clear — such as costly and complex regulatory requirements and delivering a bespoke user experience that differentiates your brand and delivers on AML requirements. Signzy makes things as quick, simple, and user-friendly as possible while meeting necessary regulations with its Gaming Customer Verification API
What are the new guidelines for Gaming Industry?
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What are the implications of new guidelines?
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Do the regulations apply to all gaming companies/apps?
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Is VCIP mandatory?
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Is AML check required?
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FAQ
What is Transaction Monitoring?
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.
Why is Transaction Monitoring important?
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.
What are the consequences of an ineffective Transaction Monitoring System?
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.
What are the potential fines for non-compliance in AML?
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.
What are the key challenges of Real-Time Transaction Monitoring?
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.
What are the benefits of Real-Time Transaction Monitoring?
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.
