Solutions | Fraud: Transactional/Internal

Protect Your Institution from Fraud Before and After it Happens

Fraud comes in many forms. It can originate internally or externally. It can involve employees, customers, third-party brokers and organized fraud rings. Industry reports and FBI analysis indicate that fraud is pervasive and growing.

As your transaction volume increases, it becomes more and more difficult to monitor. You must look for rogue trading, demand drafts, forged documents, stolen identity, check kiting, falsified loan applications and a myriad of accounting fraud schemes. Each new transaction puts your reputation and your bottom line more at risk.

Real-time fraud prevention delivers the best ROI

The return on investment for each dollar spent on real-time fraud prevention is many times greater than loss mitigation. When you prevent fraud, you reduce your losses by 100%. Post-fraud loss mitigation yields 10-20% at best. The savings in reputational damage, however, are immeasurable.

Wiz Sentri: Anti-Fraud prevents fraud by examining all activity in real time for telltale signs of fraud. You can preset rules to look for specific activities, automatically stop transactions, refuse checks, decline loan applications or simply flag transactions for further investigation. Wiz Sentri: Anti-Fraud then records and stores activity data to facilitate investigation, case management and loss mitigation.

Whether you're concerned about internal, transactional or mortgage fraud, Wiz Sentri: Anti-Fraud can be configured to fit your institution's needs and resources.

To learn how Wiz Sentri: Anti-Fraud protection can be tailored to your specific situation, please click on a link at the right.