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The advancement of low-cost, high-performance document imaging and cheque presentment technology, combined with the ready availability of personal data, has made it increasingly easy to manipulate cheques and other deposit instruments.  The resulting risk to financial institutions has reached unacceptable levels. 

The Detica NetReveal^® (formerly Norkom) cheque and deposit fraud solution includes essential components that support a sound fraud risk management strategy. The solution provides accurate fraud detection, efficient alert and case management functionality, automated response management and fraud loss reduction, allowing financial institutions to mitigate the risk associated with cheque and deposit fraud.

Key benefits of the cheque and deposit fraud solution:

• Meets the objectives of a sound financial crime management strategy.
• Enables internal and regulatory policy compliance.
• Provides a layer of protection from cheque and deposit fraud attacks and losses for both your financial institution and your customers.
• Accelerates time to value with the inclusion of a cross-channel detection scenario library for a wide variety of fraud typologies including forgery, kiting and new account fraud.
• Enhances fraud operational efficiencies with market-leading enterprise alert and case management capabilities, which include a financials and recovery module to track, analyse and classify losses.
• Includes a response management module to automate the process of placing controls on accounts that have confirmed fraud.
• Includes an integrated command and control (reporting) module to provide accurate, relevant fraud metrics and activity dashboards to all levels of management. Incorporates a services architecture that can be re-configured as your financial institution’s enterprise fraud architecture evolves.
• Is designed with a high degree of configurability in detection and investigation components, empowering you to modify the solution with minimal reliance on Detica NetReveal^®.

Accurate, open and adaptable detection

The Detica NetReveal^® cheque and deposit fraud solution contains a range of detection capabilities, all of which are open and non-proprietary.  So when it comes to configuring and adapting those detection capabilities, either now or in the future, you have full control and can make the changes yourself, ensuring your financial institution has a high degree of future-proofing against emerging threats, while enjoying a lower total cost of ownership. 

The extendable cheque and deposit fraud solution

The Detica NetReveal^® cheque and deposit fraud solution can be deployed standalone or as part of an overall Detica NetReveal^® Multi-Channel Fraud solution. Because all of Detica NetReveal^® financial crime and compliance solutions are built on a single, underlying enterprise architecture, you can extend the cheque and deposit solution at any point in the future with minimal effort. Extending the solution to multi-channel fraud across other types of fraud means that you can link check and deposit fraud activity with suspicious activity in other products or channels.  It enables communication between multiple business unit, product or geographic fraud control areas and investigative units. With the Detica NetReveal^® multi-channel fraud solution, enterprise attacks can be identified and fraud case information can be easily shared, managed and retained.