Our customers use this solution to check financial transactions for their payments. Our customers, mainly banks, use this solution to verify the accuracy of their clients' financial transactions. The solution helps determine whether a transaction is correct or fraudulent. If a transaction is deemed fraudulent, the system stops it, allowing the customer to decide the next steps. This solution acts to increase the security of financial payments and reduce fraud.
What is Fraud Detection and Prevention? It wasn’t that long ago that fraud detection and prevention involved reviewing a fair bit of historical data analysis. Data scientists would be poring over tons of credit card records in order to spot fraudulent (or with luck, potentially fraudulent) activity.
Fast forward to today and we see fraud detection systems depend on catching and stopping fraud the second it’s spotted or even before it actually occurs. Automated solutions for fraud...
Our customers use this solution to check financial transactions for their payments. Our customers, mainly banks, use this solution to verify the accuracy of their clients' financial transactions. The solution helps determine whether a transaction is correct or fraudulent. If a transaction is deemed fraudulent, the system stops it, allowing the customer to decide the next steps. This solution acts to increase the security of financial payments and reduce fraud.