Fraud detection in transactions though wire transfers
Fraud detection in wire transfer harness the true power of artificial intelligence by using proprietary algorithms and connectors that help in automating several steps such as pre-processing, cleansing and harmonizing originator & beneficiary names, addresses, ACH/ABA codes, and enabling fraud identification process to be more nimble and economical manner. This software app identifies patterns related to the originators (i.e. financial institution’s clients) and beneficiaries, particularly if these beneficiaries occur in other wire transfers or have a high anomaly score.
Pre-built graphical user interface (GUI) & APIs for quick deployment & integration with clients’ existing workflow.
Pre-built financial ontologies & business rules that are dynamically updated to improve the product accuracy over time.
30+ probabilistic spatial and temporal graph algorithms to determine links and connected entities.