Fraud Risk Management Solutions
Stop frauds in real-time by embedding BANKiQ solution
Strengthen your digital payment operations to stay safe from evolving threats, ensuring seamless, secure transactions across all channels.
BANKiQ’s Inline Fraud Risk Management solutions provide comprehensive, proactive detection and response capabilities, leveraging cognitive intelligence, adaptive analytics, and deep learning to stop fraud in its tracks and manage risks effectively. With its ability to handle multi-channel fraud detection and offer cross-channel alerts and case management, IFRM ensures a robust defense against evolving financial crimes. The advanced functionalities and its multitude of fraud detection strategies empower financial institutions to dynamically adapt to new threats, safeguard transactions, and maintain customer trust.
Why do modern businesses require FRM solutions?
Financial institutions today are expected to navigate an increasingly complex payment landscape marked by sophisticated financial crimes and regulatory demands. This necessitates FRM in financial institutions to:
Use BANKiQ’s IFRM solutions to identify and mitigate fraudulent activities in real time before they impact the bottom line. Avoid hefty penalties and safeguard your organization’s reputation.
Stay ahead by analyzing patterns and predicting potential vulnerabilities through continuous monitoring, conducting behavioral profiling, and evaluating transaction risks with BANKiQ’s IFRM solutions.
With financial institutions facing increasing regulatory pressure, BANKiQ’s IFRM solutions ensure businesses meet these regulatory requirements, avoiding financial and legal repercussions.
Traditional rule-based fraud risk assessments are ineffective in the wake of increasingly sophisticated financial crimes. BANKiQ’s IFRM solution is a step-up response to prevent frauds without hindering the customer experience.
Stay on top of your risk posture by incorporating BANKiQ’s inline fraud risk management for digital payments, which implicitly protects business reputations and builds customer trust through secure transactions.
Essential features of BANKiQ’s Inline Fraud Risk Management (IFRM) solution
Real-time monitoring
Instantly detects and flags suspicious anomalies, enabling swift action to stop frauds in its tracks and manage risks efficiently.
Cognitive AI & Machine Learning
Dynamically adapts to hundreds of data attributes to identify persuasive subtel threat patterns, enhancing the system’s ability to counteract threats preemptively.
Customer and transactional profiling
Assists in accurate customer profiling and transaction assessment to detect unusual behavior, leading to augmented fraud detection.
Cross-channel alerting
Provides a cohesive alert mechanism across systems, payment modes, and channels, ensuring no fraudulent activity goes unnoticed.
Risk-scoring
Quantifies risk levels for transactions in real-time with built-in risk-scoring methodologies to prioritize and optimize responses to looming threats, ensuring resources are allocated efficiently and high-risk transactions are addressed promptly.
Fraud and operational reporting
With BANKiQ’s IFRM, effective operational reporting is a reality. Delivering comprehensive insights into fraud attempts, operational metrics, and an intuitive dashboard aids in decisive decision-making and strategy optimization.
Granular security
Implements layered security with granular access control to provide precise user permissions, minimizing the risk of internal and external breaches.
Integration capabilities
A single-stack solution that seamlessly integrates with the existing infrastructure, empowering end-to-end fraud detection capabilities without disrupting the customer experience.
Automated case management
With easy-to-deploy fraud risk management solutions, BANKiQ’s IFRM offers custom case workflows and automated detection processes, significantly enhancing the efficiency and accuracy of fraud detection and resolution.
Regulatory compliance
Prioritizes regulatory adherence through comprehensive features curated and designed to ensure compliance with regulatory standards, thus reducing the risks of repercussions related to non-compliance.
Auditing and extensive performance management
Offers intuitive tools for monitoring and real-time link analysis of fraud management, facilitating constant improvement and adaptation.
Why choose BANKiQ?
BANKiQ provides a single window to help financial institutions identify, assess, and mitigate frauds and associated risks effectively. Our approach encompasses a combination of conventional rule-based and advanced cognitive AI-ML-enabled fraud prevention solutions to deliver a more dynamic, adaptive, and comprehensive fraud defense mechanism.
This unique blend ensures a smarter, robust, proactive strategy that not only detects but also prevents fraud before it occurs, safeguarding your operations and enhancing customer trust.
Businesses we serve
- Issuers, Acquirers, Lenders, Bankers, and Fintechs
- Payment Aggregators, Payment Gateway Providers, and Merchant Fintechs
Ahead of frauds: BANKiQ’s IFRM solutions
IFRM Digital Banking Frauds
IFRMInstant Payment Frauds
IFRMInternal Frauds
Leading the Way in Fraud Prevention: The Benefits of BANKiQ
A single platform with real-time detection and response mechanism
Advanced cognitive AI and ML- enabled technology
Self-service
detection rules
Customizable and
client-centric solution
Data agnostic
capabilities
Low Total Cost of Ownership (TCO)
Get Started Today
Schedule a demo and discuss your fraud prevention strategy with our solutions team.
FAQ's
Yes, BANKiQ’s IFRM solutions are customizable and designed to meet the specific needs of operations. Our fraud risk management solutions are client-centric, adhering to the operational requirements and unique challenges of each business. Through a proactive, collaborative approach, BANKiQ ensures the solutions not only address current needs but also offer the flexibility to adapt to future changes and threats.
BANKiQ provides banks with cognitive AI and ML-driven fraud risk management solutions, offering true real-time detection, customized protection tailored to specific operational needs, and seamless regulatory compliance. BANKiQ’s IFRM digital banking frauds solution detects and prevents frauds through pre-defined AI risk models that adaptively learn from transaction behaviors, significantly reducing false positives and enhancing the accuracy of fraud detection. This ensures sophisticated frauds are proactively prevented, enabling banks to build customer trust in their services.
BANKiQ’s IFRM solutions are designed to detect and respond to potential fraudulent activities in true real-time. Utilizing advanced AI and ML capabilities, our solution can instantly flag suspicious transactions as they manifest, ensuring immediate action for fraud prevention. By leveraging ML, IFRM solutions detect anomaly patterns and behavior deviations that are instantly flagged, allowing for a proactive fraud risk mitigation strategy to be implemented swiftly, securing transactions with minimal disruptions.