Fraud and Risk Management (FRM) platforms use link analysis to understand how the money flows. In the context of real-time payments (RTP), it has been observed that as part of money laundering, money is quickly...
Chief Operating Officer
Fraud and Risk Management (FRM) platforms work on the principles of classification of a digital payment transaction into confirmed fraud, alerts and safe transactions. Alerts are the ones that need human inspec...
Most fraud and risk management products are built with a single-layer enterprise in mind. For example, it could be for all wire transfers for a bank, or for all payments made through the mobile app of a bank, e...
Most rule-based fraud and risk management solutions use certain data elements from digital payment transactions and statistical data such as, mean, median, standard deviation, frequency, count, etc. of the tran...
Rule-based filters can detect well-known fraud patterns of payment transactions very effectively. However, for new and dynamic fraud patterns, rules are not that effective. As fraudsters decode the declines and...
Fraud and Risk Management solutions usually focused on single instrument of payment like – card or cheque or wire transfer, etc. However, fraudsters did not have such compulsions to confine to a mode or channel...
Real Time Payment is increasing at rapid pace word wide. 79 nations have already implemented some form of RTP rails, and many such rails are about to be rolled out in next 12 months. In a recent study the ke...
The fight against fraud for digital payments resides on the 3 vertices – Education, Experience, and Intelligence. Digital payments in India are seeing a CAGR growth of 12.7% * thanks to government push, new-...
Worldwide, fraud is manifested typically after payment credentials are compromised. Having said that, there are scenarios where “friendly frauds” are committed by the card or account holders themselves. Fraud a...
