Feature Sheet

Account Fraud

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From doctoring checks to exploiting your most vulnerable customers, criminals will stop at nothing to defraud your financial institution’s accounts for their gain. The threat of fraud on customer accounts is accelerating, yet many financial institutions are struggling to get ahead of fraud losses with conventional detection approaches. A targeted, cross-channel approach to account fraud detection allows you to work more efficiently, saving time and resources during investigations.

With our big data intelligence approach, Verafin imports and analyzes core data, ancillary data, open-source data, third-party data, and consortium data in the Cloud. With advanced cross-channel analysis, driven by artificial intelligence, and unique cross-institutional alerts, Verafin helps you proactively detect and prevent fraudulent activity, including check fraud and check kiting, employee fraud, elder financial abuse, loan fraud, inactive account fraud and more.

Tagged as...

  •   Artificial Intelligence
  •   Check Fraud
  •   Elder Financial Abuse
  •   Employee Fraud
  •   Fraud
  •   Fraud Scams
  •   Identity Theft
  •   Loan Fraud
  •   Red Flags

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