What is Fraud and Transaction Monitoring?
Protect your business with a comprehensive Fraud and Transaction Monitoring solution that combines fraud prevention at onboarding with continuous monitoring of ongoing activity. Our Fraud and Transaction Monitoring solution evaluates both non-financial activities (like login and registration) and financial transactions against a default set of dynamic rules to determine fraud and/or money laundering risks. It involves continuously assessing an entity’s behavior, device characteristics, and transaction patterns to detect suspicious activity and ensure ongoing protection beyond the initial onboarding process.Why you need Fraud an Transaction Monitoring
Our solution gives you a competitive advantage by protecting your business, your customers, and your reputation, and 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 continuously monitoring suspicious activities, so you can ensure compliance and avoid penalties.
- Protect customer assets: Ensure customer accounts and transactions are secure, demonstrating a strong commitment to security and building customer trust with your customers.
- Improve operational efficiency: Automate detection and streamline investigation workflows, allowing your team to focus on high-risk cases more effectively.
How Fraud and Transaction Monitoring works
- Onboarding fraud checks - You can leverage advanced screening for phone numbers, email addresses, device characteristics, and behavioral biometrics to prevent fraudsters from being onboarded.
- Continuous activity monitoring - You can continuously evaluate non-financial activities (e.g., logins, password changes) and financial transactions (e.g., deposits, withdrawals) against dynamic rulesets to detect suspicious behavior.
- Risk assessment and case resolution - Generate real-time risk scores for entities and activities. In the FrankieOne Portal, you can investigate pending cases, review a complete risk profile for each individual, and resolve them as approved or declined.
Fraud and Transaction Monitoring Product Suite
Our solution offers a comprehensive suite of products designed to work together, providing complete coverage across the entire fraud prevention and monitoring lifecycle. For a detailed breakdown of each product and how they work together, see Core Products: Fraud and Transaction Monitoring, which covers FrankieOne Fraud, FrankieOne Transaction Monitoring, and their integration points.Our team of compliance and integration experts is ready to help you design and deploy a world-class Fraud and Transaction Monitoring solution. Contact us today.If you are an existing FrankieOne customer, contact your Customer Success Manager or Account Executive to find out more.