As digital transactions surge, the risk of fraud grows. To protect your business and customers from illicit behaviour, adopt continuous, real-time transaction monitoring on a centralised platform.
Fraud detection involves identifying fraudulent behaviours by leveraging a customised set of triggers within payment transactions, end-client logins, and authorisations.
Real-time validation checks play a crucial role in assessing payments before execution. These checks determine whether a payment should be approved, halted, or subject to strong customer authentication (SCA).
Uninterrupted, real-time monitoring of all transactions in one place to protect your business and customers.
Configurable validation components and methods for real-time validation and stopping of transactions.
Seamlessly integrate with your KYC, Customer Due Diligence, Transaction monitoring, and existing anti-fraud processes for an unparalleled compliance solution.
Scale and adapt according to your business needs and risk model.
# | Fraud alert name | Description |
1 | Deviation in OS info | Alerts if a session with a chosen field (Operation System, Operating System Language, Web Browser, Web Browser Version) differs from customers normal sessions |
2 | Normal login behaviour | Alerts if a customer during configured consecutive login days has logins where the login time differs from the customer's normal behaviour. |
3 | Session matching keyword | Alerts if a session with a chosen field contains a keyword defined in the keyword list |
4 | Session Quantity | Alerts if the sum of the number of selected sessions is higher than the given threshold for the selected number of minutes. |
5 | Phone Number Change Mobile Payment Service | Alerts if a customer changes phone number connected to Mobile payment service several times within the configured time period |
6 | The same deposit and withdrawal amount | Alerts if a withdrawal is made with the same amount as a previous deposit, within a short period of time |
7 | The same IP address and DeviceID for multiple customers | Alert if a customer receives a swish transaction and thereafter returns the transaction [same amount] to the same or other number within X time units |
8 | Transaction from the same IP address and DeviceID | Alerts if several transactions come from the same IP address and/or DeviceID with different account owners |
9 | Withdrawal after multiple internal transfers | Alerts when there have been multiple internal transfers and within the configured time period make an outgoing transaction |
10 | Transaction quantity counterpart Intraday | Alerts if a customer or an account has transactions with one counterpart where the aggregated number of transactions is higher than defined thresholds during the selected number of time units |
11 | Transaction different CpAccountNumber | Alerts if a transaction with a known counterpart where the CpAccountNumber differs from previous transactions |
12 | Proxy extensive amount | Alerts if there has been a transaction with an extensive amount by a conductor other than the main account owner or an account owner |
13 | Subsequent transactions same amount | Alerts if a certain amount is made in Transaction Type Group 1 and within a specified time period has transactions in Transaction Type Group 2 within the configured threshold |
# | Fraud validation rules | Description |
1 | Sanction screening | Screening of transaction text, counterpart bank and counterparty name against sanctions lists. |
2 | Risk factor screening | Screens counterparty country and bank country against countries with risks above specified thresholds. |
3 | Keyword list screening | Screening of transaction text and counterparty fields against block lists |
4 | Extensive number of payments to the same counterparty within a short time interval | |
5 | Infrequent browser, device or OS | |
6 | Infrequent counterparty details analysis | |
7 | Transaction amount behaviour analysis | |
8 | KYC answer analysis | |
9 | Recent authentication event |
Alerts generated by the Fraud triggers can be investigated and handled in the Instantwatch case management system.
Integrations from the bank system could automatically handle transactions that have been blocked or require SCA. In addition, you can view and handle blocked transactions manually.
Simplify compliance and reduce risk with a complete KYC solution. Automate onboarding, perform ongoing and enhanced due diligence, and monitor customer risk, all in one platform. Accelerate growth without compromising security or compliance.
Combining our solutions with professional expertise makes staying compliant, proactive, and ahead of financial crime easy.