Pivot from reactive to proactive loss prevention with Guardian Analytics Real-time Wire Fraud Detection
Reducing fraud loss is the number one driver for any financial institution when devising a fraud mitigation strategy. The amount of loss depends on how fast you can detect fraud – what is your time-to-alert? Does it have a long delay or short delay? – and when you will detect fraud – is it post-transactions or pre-transactions?
Why Guardian Analytics?
Real-time risk scoring for every wire (outbound & inbound)
Automatic quarantine of high-risk wires
Expedited processing of low-risk wires
Fraud detection based on dozens of inputs
Sophisticated, individualized behavioral modeling
Standardized integration for rapid deployment
Meets FFIEC guidelines for anomaly detection
Detect and intervene in real-time.
With our enterprise API integration for payments or digital banking platform, we calculate risk scores in real-time as events are received. Customers can self-configure intervention policies to apply to suspicious behaviors. For example, auto-hold a transaction or command the payment platform to trigger a MFA challenge when risk is high.
The intervention policy can create a window for fraud analysts to review and make a manual decision on whether to let transaction pass through, or hold.
Wire Benefits
Without real-time fraud detection, wire transactions are held in a manual review process, costing valuable time and employee resources. More important though, fraudulent wire transactions can slip through the cracks. By implementing Guardian Analytics Real-time Wire Fraud Detection, your financial institution will gain:
Real-time Fraud Detection
High Risk Prioritization
Real-time Fraud Intervention
Fraud Detection for Faster Payments in Action
Guardian Analytics protects the following payment channels at a large US financial institution:
- Bill Pay
- Non Real-time P2P/A2A
- Real-time Wire Fraud Detection
- Same-day ACH
- Real-time Zelle P2P
