Financial institutions need a check fraud solution that is continuously improving. Disparate solutions can be effective for different typologies – but no single approach can tackle all the challenges of check fraud faced by financial institutions today, especially for stolen checks that are washed or altered. Solving these forms of complex check fraud requires a multi-faceted approach – leveraging images, behavioral transactions, and insights into customer risk on both sides of a transaction.
Building on our engaging check fraud presentation in June 2023, this exclusive event focused on Verafin’s holistic Check Fraud solution. In this insightful session, you will learn about:
- Verafin’s Machine Learning and Managed Analytics, which continuously improve our Check Fraud solution.
- Verafin’s consortium approach to solve check fraud, with insights from our network of thousands of financial institutions in the Verafin Cloud.
- How our solution results in higher fraud detection and lower false positive rates.
