Global Lessons for North American Banks to Keep Instant Payments Secure

Instant payment services offer unparalleled convenience and speed. The ability for funds to settle immediately creates new opportunities to improve customer satisfaction and open new revenue channels for businesses.

So why has North America lagged behind in adopting instant payment systems compared to other global markets?

The rapid speed of transactions allows criminals to evade traditional security measures and commit fraud even faster. Once transfers are approved, financial institutions must try to recover lost funds instead of preventing them.

Failure to secure instant payments will impact banks’ bottom lines and damage customer experiences and trust. Download this guide to learn how other regions have successfully implemented instant payments while managing fraud prevention within their risk appetite. Get important instant payment lessons to keep instant payments secure, including:

• How the UK’s mandatory scam reimbursement policy is pushing financial institutions to be proactive about identifying scams
• How Brazil’s Pix systems resulted in record high social engineering and physical threats
• How behavioral biometrics, device intelligence, and malware detection can prevent fraud in real-time

Download the guide!

Traditional fraud and AML risk assessments, reliant on broad segmentation, often miss the mark. Feedzai’s Segment-of-One Profiles harness data science to create precise profiles for each customer, ensuring accurate anomaly detection and a seamless banking experience.

Feedzai’s Segment-of-One Profiles Deliver Meaningful Financial Crime Prevention Benefits

• Dive deep into individual banking habits using behavioral metrics, device intelligence, and transaction trends.
• Our tailored approach identifies genuine risks with unmatched accuracy, minimizing false positives.
• Recognize customers at every touchpoint, ensuring swift approvals and genuine risk flagging.

Feedzai vs. The Rest

• Granularity: While others group customers, Feedzai offers hypergranular, real-time profiles.
• Frictionless Transactions: Generalized groups create friction, our method ensures legitimate activities proceed smoothly.
• Unified Insights: Siloed solutions create analyst blind spots. Feedzai provides a consolidated view of each customer’s behavior across channels.
• Transparency: Feedzai offers clear explanations behind every risk assessment, unlike ambiguous blackbox models that rile regulators.

Harness the power of Feedzai’s Segment-of-One Profiles with our acclaimed Risk Engine, Pulse. Dive deep into data elements, analyze behaviors, and keep illicit activities at bay.

Optimize your fraud and AML approach today. See our technology in action.

The financial sector is under increasing scrutiny for the ethical use of Artificial Intelligence (AI). Financial institutions that embrace responsible AI not only enhance customer trust but also secure a competitive edge.

Download our latest solution sheet to understand how Feedzai’s Responsible AI tools can help your bank achieve fairness without compromising performance.

You’ll learn how to:

• Measure and Minimize Bias: Understand how Feedzai allows you to continuously assess and address biases in your models, protecting your reputation.
• Achieve the Apex of Fairness and Performance: Discover how you can optimize for both fairness and performance with Feedzai’s built-in tools, without added effort.
• Automate Model Training and Selection: Learn how to effortlessly train models on large datasets and automatically select fairer machine learning models, with no additional costs.

Your path to responsible AI starts with Feedzai.

Download our Pulse solution sheet now!

The Challenge:
Data Overwhelm & Legacy Systems

In today’s digital age, data is abundant, but making sense of it is not. Financial institutions grapple with outdated systems that struggle to scale, incur high costs, and fail to deliver real-time insights for effective fraud prevention.

The Solution:
Meet Railgun

Why settle for less when you can have the best?

Railgun is Feedzai’s next-generation streaming engine designed to tackle the most demanding scenarios in financial fraud detection.

Features You’ll Love:

• Accurate Real-Time Metrics: Replace offline, scheduled metrics with real-time insights.
• Improved Agility & Performance: Update rules faster and stop fraud before it affects your customers.
• Cost-Effective & Resilient: Scale effortlessly while reducing memory consumption and costs.

Ready to Future-Proof Your Fraud Detection?
Download our solution sheet today.

Financial institutions manage vast streams of data. Navigating this labyrinth requires an advanced understanding of complex metrics, meticulous crafting of effective rules and models, and a keen eye on ever-changing risk appetites. It’s a monumental task demanding time, skill, and robust analytical capabilities. Unless you have the Feedzai Pulse.

Feedzai Pulse is more than a risk engine; it’s a tool designed to simplify the complex. With an intuitive interface, Pulse lets you develop and adapt your risk management strategies using a blend of adjustable rules and machine learning models.
Feedzai Pulse makes the overwhelming manageable, turning a ceaseless deluge of data into actionable insights.

Download our Pulse Solution Sheet to learn how you can:

• Unleash Data Potential with Real-Time Risk Detection: harnesses the momentum of incoming data streams and excel at quickly identifying suspicious activities
• Empower Teams with a Unified Data Science Platform: integrate the entire data science lifecycle from the development to deployment of machine learning models on a unified platform
• Own Your Risk Strategy and Stay Agile to New Threats: access all the information needed to stay ahead of changing crime patterns and shifts in consumer behavior