Tackle New-age Frauds with Real-Time Payments Fraud Prevention Solutions


Digital payments have opened the doors for swift and efficient transactions, but this total convenience comes with a price: the risk of dire security challenges. From simple identity thefts to sophisticated account takeovers, today’s payment ecosystem is vulnerable to digital payment frauds that demand robust and adaptive defence mechanisms.
BANKiQ is a one-stop platform that empowers financial institutions with end-to-end payment protection and adapts to shifting currents, facilitating real-time fraud detection and prevention across payment channels and payment types.
A Comprehensive Approach to Intelligent Fraud Prevention

Real-time Fraud Prevention
Designed with intelligent microservice-based architecture, our payment fraud prevention solutions provide real-time payment protection. With risk-based transaction monitoring and fraud prevention features, our solutions actively aid in pre-emptive fraud mitigation.

Frictionless Payments Experience
With a strong security posture in place, we support seamless payment journeys that reassure transaction experience without compromising security. Built with advanced digital payment fraud prevention features, our solutions enable secure and swift transactions.

Timely Investigation and Reporting
Leveraging the power of link analysis, case management, and automated Suspicious Transaction Reporting (STR) capabilities, our solutions facilitate holistic fraud risk investigation support and assist in addressing complex payment frauds.

Laundering/ Fraud Detection
Beyond fraud prevention, BANKiQ resolutely helps in compliance endeavours. Right from screening associations against sanctioned lists to reporting anomalous activity to authorities, our solutions offer out-of-the-box compliance support to navigate regulatory challenges.
Solutions We Render
Payments Fraud Prevention Amplified with BANKiQ
True real-time transaction monitoring
Curated fraud
management
ML& AI-enabled risk assessment
Prepackaged rules and scenarios
Intelligent case management
ML-based behavioral profiling
DSL-powered self-service fraud-rules builder
Pre-filter customisation
Stop Frauds in Tracks with BANKiQ’s Advanced real time payments fraud prevention Solutions
Payment fraud techniques evolve fast, if not faster. To effectively put a full stop to it, financial institutions need to embrace technological solutions that assist in real-time payment fraud management. At BANKiQ, we understand that staying ahead of these emerging threats is crucial. Hence, we provide out-of-the-box real time payment fraud prevention solutions that enhance detection, response, and prevention capabilities, ensuring comprehensive protection against fraudulent activities.
With our effective real time payment fraud prevention solutions, financial institutions can effortlessly validate transactions, identify anomalies and prevent them before they escalate. Leverage our all-encompassing fraud risk platform and safeguard your payment operations to ensure seamless and secure transactions.

Markets We Cater To

Issuer Banks

Acquirer Banks

FinTechs

Payment Service Providers (PSP)

Payment Aggregators (PAs)
Our Customers
Get Started Today
Schedule a demo and discuss your fraud prevention strategy with our solutions team.
FAQ's
Preventing fraud in real-time payments requires the strategic use of advanced real time payments fraud prevention solutions that provide multi-layered fraud detection and prevention capabilities. Additionally, by employing transaction monitoring tools, financial institutions can promptly protect real-time payments and simultaneously increase their security posture, furthering the integrity and trust in digital payment systems.
Payment fraud prevention encompasses a set of strategies, technologies and practices to detect, prevent and manage fraudulent activities in financial transactions. This involves using intelligent real time payments fraud prevention solutions built with AI and ML models that help identify and block suspicious transactions, which results in effective fraud prevention.
Real-time fraud detection is the process of detecting and preventing fraudulent activities as they occur during online transactions. By leveraging online payment fraud prevention solutions, financial institutions can continuously monitor and analyse transactions to identify anomalies and suspicious patterns instantly. This proactive approach enables immediate intervention, thereby improving the prevention capabilities of online payment frauds.
BANKiQ offers an array of real-time payment fraud prevention solutions that equip banks, PAs, PSPs, and Hybrid FinTechs with essential tools to combat potential fraud risks. By facilitating Transaction Monitoring, STR reporting, Curated Fraud Management, behavioural profiling and more, BANKiQ solutions provide comprehensive protection. Additionally, our fraud prevention solutions also assist financial institutions with reporting capabilities, which help notify suspicious transactions to authorities.
Yes, we do support payment protection with real-time transaction monitoring. Real-time transaction monitoring is a significant component of advanced Fraud Risk Management tools. BANKiQ’s solutions are architected with real-time transaction monitoring capabilities. By leveraging advanced ML algorithms and behavioural analytics, our solutions continuously monitor transactions for fraud detection and identify anomalous behaviours that aid in immediate fraud prevention.