We hear often from our bank and credit union clients about the account takeover and fraud they've stopped using our ACH ODFI & RDFI Fraud Detection solution. Normally the movie plays out roughly the same: fraudster meets bank account, fraudster likes bank account, our ACH ODFI & RDFI Fraud Detection solution detects the fraudster's suspicious or anomalous activity, FI looks like a hero to their account holder, fraudster goes home with no money.
With the right ACH fraud detections in place, money can be safe in the bank. And it can be safe at large banks, midsize banks and small banks. Businesses don’t need to run to the large institutions, they should just work with banks that have the right security. Guardian Analytics can assist with your fraud detection needs.
Benefits beyond fraud losses averted. The bank deployed Guardian Analytics' solution, ACH ODFI & RDFI Fraud Detection, and has experienced a wide range of benefits. What stands out to me is the impact it has had on their ability to retain current clients and draw in new business.