Fraud Alerts
If you see fraud and do not say fraud, you are a fraud.
Fraud Alerting Module Fraud alerts help you catch fraudsters by analyzing, automatically Detecting, and flagging suspicious Information.
Banks can avoid most financial fraud risks and protect their customers by recognizing the warning signs for questionable transactions.
- Get real-time analyses on all transactions of the user.
- It monitors every transaction from various angles and uses a range of checks to determine whether the transaction is the legitimate account holder.
- When banks encounter fraud, it will be reported to the user as an alert, and the user can take on it.
Fraud Alert Features
Device and location
Banks can use device and location information to identify login attempts from unrecognized devices or locations.
Customizable alerts
Users should be able to choose which types of alerts they want to receive and how they want to receive them.
Faster
Automatically associates each fraud claim and provides instant reporting, including high-level summary reporting and detailed statistics, such as loss amounts.
Real-time alerts
Fraud alerts should be sent to users as soon as possible after suspicious activity is detected. This will give users the time to take immediate action to protect their accounts.
Risk assessment
Banks can use machine learning to assess the risk of fraud for each transaction.
