Fraud Prevention

Stop Fraud Before Funds Leave Your Institution

Your financial institution faces the ongoing challenge of keeping up with evolving, highly sophisticated fraud tactics. And, the financial impact is significant. For every dollar lost to fraud, your actual cost is estimated to be $4.23 due to labor, investigation, legal, external recovery, and customer churn expenses. Unlike batch or next-day alerting, real-time fraud detection solutions help you identify fraud before funds leave your financial institution.

Detect Fraud in Real-Time

Apiture takes a proactive approach to fraud detection, delivering real-time solutions to protect consumers, including:

• FraudNet with Risk Assist: This tool works within Fiserv Checkfree Bill Pay to protect your institution and your account holders before fraud happens. Transparent to consumers making payments, the tool analyzes all transactions to identify fraud in real-time.

• DefenseStorm Fraud Detection: This solution enables you to proactively detect and immediately respond to potentially fraudulent scenarios such as account takeover attempts, fraudulent account or loan applications, payments fraud and money laundering activity. Integrated with the Apiture Digital Banking Platform, the solution constantly gathers, analyzes, and reports real-time insights on evolving cyber risk, allowing you to block suspicious activity, execute step-up authentication, and route anomalies to analysts for further investigation.