Detica NetReveal® is an enterprise fraud risk management solution for retail banking, enabling the reduction in exposure to:
- first-party fraud – customers defrauding the bank by taking credit they do not intend to repay;
- third-party fraud – customers defrauding other customers through account take-over;
- staff or employee fraud and non-compliance;
- collusive fraud – employees, agents or contractors collaborating with external fraudsters;
- money laundering;
- cheque-kiting;
- mortgage fraud;
- application fraud;
- identity manipulation.
By applying the unique social network analysis and scoring techniques of Detica NetReveal® to billions of customer, product and transaction records, we:
- uncover ten times more undetected fraud than existing systems;
- reduce false positives by up to 70%, enabling hit rates in excess of 50%;
- improve efficiency by up to five times, allowing your investigation teams to focus on the most serious fraud cases;
- detect and react to new fraud modus operandi.
In addition to providing a detection and investigation capability, we can help your organisation accurately screen, in real-time, applications for accounts and credit allowing you to identify and stop fraud before it enters your banking systems.
To see the latest Flash presentation of the Detica NetReveal® solution for banking please click here
