Introduction to Fraud and Transaction Monitoring

It gives you a competitive advantage protecting your business, your customers, and your reputation. Its importance extends far beyond simple compliance.

• Mitigate financial crime: Uncover and prevent fraudulent transactions and money laundering schemes to protect your organization from financial and reputational harm.

• Navigate global regulations: Confidently meet requirements from various financial crime regulations by monitoring suspicious activities continuously.

• Protect customer assets: Ensure customer accounts and transactions are secure, demonstrating a strong commitment to security and building customer trust.

• Improve operational efficiency: Automate detection and streamline investigation workflows, allowing your team to focus on high-risk cases more effectively.

1. Onboarding fraud checks

Leverage advanced screening for phone numbers, email addresses, device characteristics, and behavioral biometrics to prevent fraudulent actors from being onboarded.

2. Continuous activity monitoring

Continuously evaluate non-financial activities (e.g., logins, password changes) and financial transactions (e.g., deposits, withdrawals) against dynamic rulesets to detect suspicious behavior.

3. Risk assessment and case resolution

Generate real-time risk scores for entities and activities. Officers can investigate pending cases in the FrankieOne portal, gaining a complete picture of an individual’s risk profile, and resolve them as approved or declined.