Originally Presented: April 26, 2018
As financial institutions add additional layers of protection to detect and prevent fraudulent activity, managing your alert volume, tracking dispute, and reporting losses can become increasingly more difficult if there are multiple detection systems across different fraud and operational teams.
This 20-minute session outlines the benefits of consolidating fraud prevention and management functions with a quick overview of Verafin’s Enterprise Fraud Platform. Learn how to reduce losses, get a complete picture of true fraud, and meet compliance requirements for filing SARs on fraudulent activity.
Highlights of this 20-minute presentation:
- Comparison of Fraud Management versus Fraud Prevention and how siloed processes and teams create inefficiencies, as fraud continues unabated.
- Review of principles of Fraud Management including the activities that increase or decrease the likelihood of loss.
- Overview of Verafin’s Fraud Prevention and Management capabilities for deposit, check, card, wire/ACH, online and loan fraud, as well as reporting, automated SAR efiling, overdraft charge-offs, card fraud disputes, and more.