How to Solve Check Fraud

Check fraud is a persistent issue, even in our rapidly evolving digital world. The crime may seem almost antiquated, but it poses a real threat to both individuals and businesses. With this in mind, we’ll delve into understanding check fraud, its various forms, the impact it has, and most importantly, the preventive measures that can be taken.

Real-Time Payments & Fraud Prevention: Transaction Monitoring

Transaction monitoring is pivotal in helping financial institutions (FIs) mitigate financial crimes like fraud and money laundering. By identifying irregular patterns in real-time or near-real-time, transaction monitoring provides an essential line of defense. Automated systems flag suspicious activities, such as excessive transfers or unusual account activity, triggering further investigation or even blocking high-risk transactions.

Fraud Risk Should be Part of Your Risk-Based Pricing Strategy

Risk-based credit pricing can be a great way to expand community-based financial institutions’ loan portfolios while providing the communities they serve with a way to repair credit and obtain needed funding without having to engage with predatory lenders.

Machine Learning: A Competitive Advantage for Fraud Prevention

In today’s world, the most successful companies work data-driven. The data science and machine learning (ML) advancements over the past ten years are truly remarkable. With breakthroughs in complex statistics and deep learning, companies have more tools and data today than ever – and the best know how to utilize this to their advantage.

How to Drive Top-Line Growth with Fraud Prevention

Identity fraud is a very real—and costly—problem for FIs. While most understand the value of creating a seamless digital experience—as well as its necessity based on consumer demand, they are still trying to figure out how to balance delivering that frictionless experience while reducing fraud without enticing applicants to jump ship.