Find the balance. Payment Security delivers more secure online transactions with an excellent customer experience.
Card-not-present (CNP) fraud costs billions of dollars annually across the globe. Issuers, processors and merchants need new applications to fight back with security that doesn’t get in the way of business.
Broadcom has the answer. With our industry-leading authentication solutions, you benefit from:
- The largest global consortium network of real-time transaction data
- Patented predictive neural network models for highly accurate, real-time decision-making
- Unsurpassed leadership in EMV 3-D Secure
You maintain full control over your authentication strategy, fraud systems and policies. Simply said, our solutions help you lower your costs and accelerate your business success.
Verafin Fraud Detection and Management offers a comprehensive tool suite for managing fraud detection, helping financial institutions to streamline their processes effectively.
Verafin Fraud Detection and Management provides banks and financial organizations with advanced capabilities to detect and prevent fraudulent activities. Leveraging machine learning algorithms, this system continuously analyzes transactions to identify potential threats, aiding in compliance with regulatory requirements. Users appreciate its adaptable framework, yet note room for enhanced customization options to suit specific institutional needs.
What are the important features of Verafin Fraud Detection and Management?
- Machine Learning-Powered Detection: Utilizes sophisticated algorithms to accurately identify suspicious activities.
- Case Management Tools: Facilitates efficient tracking and investigation of fraud cases with easy-to-use management tools.
- Regulatory Compliance Support: Offers features that help institutions remain compliant with financial regulations.
- Real-Time Monitoring: Provides ongoing monitoring of transactions for immediate threat identification.
What benefits or ROI should users consider in reviews?
- Cost Savings: Reduction in fraud-related losses and operational costs.
- Improved Efficiency: Streamlined processes lead to faster response times.
- Enhanced Security: Improved system security through advanced threat detection.
- Scalability: Ability to grow and adapt as the institution’s needs evolve.
In financial services, Verafin Fraud Detection and Management is often implemented to safeguard transaction integrity and comply with industry standards. Its flexible architecture allows financial entities to tailor functionalities, improving alignment with operational priorities and securing customer trust.
