Proactively combat authorized payment fraud, outsmart money mules, and safeguard your institution’s bottom line.

Banks are losing the fight against inbound payment fraud. Traditional outbound monitoring isn’t enough to combat sophisticated authorized payment scams. Financial institutions must take a proactive approach by:

• Focusing on Incoming Payments: Identify fraudulent inbound transactions and stop money from leaving victims’ accounts.
• Unmasking Money Mules: Disrupt criminal networks by detecting mule accounts at all stages – account opening, ongoing activity, and inbound payment receipt.

Inbound Fraud Detection is Critical

• Meet Evolving Regulations: Proactive inbound fraud monitoring ensures compliance with emerging regulations like the UK’s PSR 23/4 and potential US liability shifts.
• Reduce Fraud Losses: Stop fraudsters in their tracks, leading to significant financial savings.
• Boost Customer Trust: Minimize scam victimization, build loyalty, and gain a competitive edge.

The Feedzai Difference
Feedzai’s AI-powered RiskOps platform delivers unparalleled protection against inbound payment fraud and mule activity:

• 360-Degree Mule Detection: Identify mules at every stage with account risk monitoring, real-time inbound payment analysis, and ongoing behavioral profiling.
• AI-Driven Accuracy: Anomaly detection, link analysis, and automated machine learning pinpoint risk patterns with precision.
• Rapid Adaptation: Outsmart evolving fraud tactics with flexible data science tools and model deployment.
  

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Prevent Account Takeover Fraud From Login to Logout

In the age of digital banking, financial institutions must be confident that they know who they are dealing with at every digital interaction. This means closely monitoring online activity from the moment a customer logs in to the moment they log out – all without adding friction to the customer journey.

Feedzai’s Digital Trust is a cloud-based solution that enables financial services and Fintech companies to reveal and respond to online identity impersonation and manipulation attacks. The solution works in the background, disrupting fraudsters while allowing legitimate customers to proceed undisturbed.

Download the Solution Guide to learn how Digital Trust:

• Builds a unique BionicID by combining behavioral biometrics, behavioral analytics, advanced malware detection, and network and device assessment;
• Rests on three key core building blocks: collection of data across multiple digital channels, continuous updating of BionicID, and active and pre-emptive defense capabilities;
• Can both stop account takeover (ATO) fraud attacks and new account fraud attempts at onboarding.

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With the emergence of authorized push payment (APP) fraud, banks need to apply greater focus on incoming payments that go directly to the criminal’s accounts. This is where money mules come into play, enabling criminals to move illicit funds to accounts they control.

In the UK, new regulations require banks to extend fraud monitoring to both inbound and outbound payments. Other countries, including the US and Australia, are considering similar measures. Understanding the intricate dance between mule risk modeling and fraud detection becomes paramount as banks navigate this transformative phase.

Learn how Feedzai delivers state-of-the-art, AI-driven tools for inbound payment fraud prevention capabilities and empowers banks to stay one step ahead of shifting regulations.

Key Benefits:

• Regulatory Compliance: Ensure your bank remains at the forefront of the latest fraud prevention regulatory frameworks.
• Inbound Payment Focus: Transition from traditional methods to a comprehensive inbound monitoring approach.
• Mule Account Detection: Leverage AI and machine learning to counteract money mule operations effectively.
• Case Study Highlight: Learn how a major European bank benefited from Feedzai’s solutions in the face of evolving fraud challenges.

The UK is taking bold steps to counteract the complexities of financial fraud. With the introduction of PSR 23/3, the regulatory spotlight is on inbound payment monitoring, emphasizing its criticality in the fight against fraud.

Understanding the intricate dance between mule risk modeling and fraud detection becomes paramount as banks navigate this transformative phase. Feedzai, at the intersection of innovation and security, offers an unparalleled solution. Our state-of-the-art, AI-driven tools not only ensure compliance but also empower banks to stay one step ahead, safeguarding both their reputations and their customers.

Equip your bank to seamlessly address the upcoming UK regulatory shifts. Delve into the essence of inbound payment fraud prevention with Feedzai’s state-of-the-art solutions.

Key Benefits:

• Regulatory Compliance: Adapt effortlessly to PSR 23/3. Ensure your bank remains at the forefront of the UK’s fraud prevention regulatory framework.
• Inbound Payment Focus: Transition from traditional methods to a comprehensive inbound monitoring approach, as mandated by the new regulations.
• Mule Account Detection: Leverage AI and machine learning to counteract money mule operations effectively.
• Case Study Highlight: Uncover how a major European bank benefited from Feedzai’s solutions in the face of evolving fraud challenges.

Banks need to protect customers and build trust from login to logout, and at every transaction that occurs in between. This means closely monitoring customer activity for potential fraud – all without interrupting the customer’s journey.

Download the Solution Guide to learn how Digital Trust:

• Delivers comprehensive and continuous user verification to stop impersonation and manipulation attacks;
• Uses BionicID to continually and thoroughly Know Your User (KYU) at every interaction;
• Collects data, performs continuous risk assessment, and preemptively responds to threats.

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