A digitized repository of fraud risks scenarios and key fraud indicators helps us to manage inherent risks within technology enabled business channels. Additionally, various controls including governance, policy and technology are designed based on priority of risks.
Transaction monitoring and risk profiling based approach is utilized to determine real time fraudulent activities. The solution encompasses all delivery channels including net-banking, mobile banking, IVRS, call centre, ATM, commercial and retail electronic payments, deposit and also employees for insider frauds. The solution is built on a single integrated platform to provide a full 360 degree view of fraudulent transactions across the enterprise.
Post event services such as forensics and investigation support along with fraud analysis tools and experts are offered to uncover fraudulent activity. The case management workflow offers investigative intelligence to the organizations taking clues from the alerts generated by the risk monitoring solution. The forensic services can be offered as a remote service once the fraud risk monitoring solution has been implemented.
The solution can carry out real time processing of all the transactions to determine fraudulent patterns. The output varies from real time alerts, blocking suspicious transactions, integrating secondary authentication or logging for future analysis.
Complex fraud patterns are identified using techniques such as data analytics models, behaviour profiling, peer analysis, relationship discovery apart from targeted known fraud cases.
Paladion offers a comprehensive fraud risk management suite of offerings consisting of prevention, detection and deterrent methods. Our solution provides holistic and integrated mechanism for managing technology related frauds.