Anti-Fraud | Wolters Kluwer Financial Services OneSumX
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OneSumX for Anti-Fraud

  • Tackle financial crime head on and protect your organization

    Fraud at financial services firms is a pervasive and growing fact. It can originate internally or externally, involve employees and customers, and range from local criminals to sophisticated international fraud rings.

    As your transaction volume increases, fraud becomes more and more difficult to monitor. You have to be alert for stolen identity, ACH fraud, ATM fraud and more. The potential for fraud is seemingly endless and without an appropriate fraud prevention program in place your reputation and your bottom line are at continuously increasing risk.

    In addition, the return on investment for spending on real-time fraud prevention is many times greater than loss mitigation. When you prevent fraud, you reduce your losses by 100%.

    OneSumX for Anti-Fraud helps you identify fraud to deliver the best ROI

    The OneSumX FCC suite includes highly advanced anti-fraud products that help you to prevent fraud by examining all activity continuously and in real time. By comparing system activity and employee/customer behavior to profiles that the system builds, our Transactional Fraud and Internal Fraud solutions will detect all anomalous activity—including the precursors to the actual fraud—and send real-time alerts, allowing you to stop the fraud before it occurs. Whether you're concerned about internal, account/transactional or cash management fraud, OneSumX can be configured to fit your institution's needs and resources.

    Transactional and Internal Fraud solutions offer complete fraud protection to your financial institution to mitigate loss

    Transactional Fraud

    Modules use investigative logic and analytics to identify suspicious transactions and activities like wire transfers, ACH transactions and fraudulent checks. These transactions are automatically flagged for further investigation.

    The intuitive Transactional Fraud modules include:

    • Fraud Monitor that monitors transactional applications including checking, electronic funds transfer and ACH. It also includes an ETL Layer for transforming data and batch-file import management.
    • Rules Editor that creates natural language rules and notification for real-time monitoring and analysis
    • Case Investigation that enables fraud investigators to quickly identify, gather and close cases when potentially fraudulent activities are flagged
    • Encrypted Archiving that stores case data and activity in a compressed and encrypted format that can be later used for analysis and case prosecution in a court of law.
     
    Internal Fraud

    Module prevents fraud by monitoring enterprise-wide activity in real time against rules preset by your financial organization. It uses investigative logic and analytics to continually look for suspicious activity like redundant account changes, after-hours transactions, inappropriate access and demand drafts.

    The powerful Internal Fraud modules include:

    • Fraud Monitor that monitors transactional applications including checking, electronic funds transfer and ACH. It also includes an ETL Layer for transforming data and batch-file import management.
    • Rules Editor that creates natural language rules and notification for real-time monitoring and analysis
    • Case Investigation that enables fraud investigators to quickly identify, gather and close cases when potentially fraudulent activities are flagged