The Actimize Fraud Detection Solution uses a unique real-time multi-dimensional profile approach to analyze Internet sessions, transfers, and account information to uncover fraud at both the payer and beneficiary levels. This approach provides an optimal level of filtering, combining a high fraud detection rate with low false-positive rates.
During the analysis of input transactions, an alert is triggered if certain preset conditions are satisfied. To determine the severity of the alert, a score is calculated considering multiple factors, such as excess over thresholds, deviation from norms, and the level of suspicion already established against related entities (e.g. originator, payee, destination, originating location, ISP, etc.).
Depending on the alert score, fraud analysts can then decide if an account merits further investigation or they can decide to take a course of action, such as contacting the customer or blocking the current transaction.
The Fraud Solution can be implemented for real-time risk scoring or for batch processing.
During the analysis of input transactions, an alert is triggered if certain preset conditions are satisfied. To determine the severity of the alert, a score is calculated considering multiple factors, such as excess over thresholds, deviation from norms, and the level of suspicion already established against related entities (e.g. originator, payee, destination, originating location, ISP, etc.).
Depending on the alert score, fraud analysts can then decide if an account merits further investigation or they can decide to take a course of action, such as contacting the customer or blocking the current transaction.
The Fraud Solution can be implemented for real-time risk scoring or for batch processing.
