Financial Institution
Business Value to Financial Institutions
· Reduce
Application fraud at the new accounts desk.
· Internal
controls to avoid opening fraudulent accounts.
· Reduce
synthetic id fraud.
· Reduce
AML fraud.
· Reduce
Account Takeover (ATO) fraud.
· Reduce
credit/debit card fraud.
· Improves
Know Your Customer (KYC) & Customer Due Diligence (CDD)
· Reduce
your bad debt allowances due to fraud.
· Form
deeper customer relationships.
· Regulator
favorability rating due to proactive fraud prevention.
· Fast
ROI (compared to fraud costs).
· Increase
your revenue from P52 transactions.
· Decrease
your revenue from non-members of a discrete minority.
· Do the
needful to reduce income inequality.
· Do the
needful to integrate housing.
· Do the
needful to reduce income segregation.
· Provides
data for a ‘Special Purpose Credit Program’.
· Lower
management costs.
· Lower
maintenance costs.
· Delivery
of service very quickly.
Technical Value to Financial Institutions
ü Automate
manual tasks of authenticating your customer’s credit/debit card transactions.
ü Increase
visibility of attempted fraudulent card transactions.
ü Easy
API integration into legacy or state of the art systems and infrastructures.
ü Reduces
false positives.
ü Real-time
alert capabilities.
ü Increase
the visibility of state-of-the-art fraud prevention as a deterrent to bad
actors.
ü Friendly
and easy-to-use dashboard.
ü Able
to set up without professional services.