What answer to bring if you try to fight fraud involving payment means ?
It is covering main payment means subject to fraud :
Fraud using checks : cashing of cheque(s) , falsified, fake and stolen
Transfer fraud : transfers issued based on falsified orders, paper or electronic (theft of passwords, Social engineering, Phishing, Malware within customer computers).
- Inability to detect inconsistent funds movement in client account
- Inability to analysis funds movement interconnexion
- Inability to detect and analysis on timely manner weak signals raised from unusual use of payment means
Mitigation internal approach:
- Risk management by design
- Machine Learning applied to fraud management
- Alert / Validation by design
- Privacy by design
- Machine Learning
- Big Data
« Accelerate Your Decision Making »
LexisNexis Risk Solutions provides customers with solutions and decision tools that combine public and industry-specific content with advanced technology and analytics to assist them in evaluating and predicting risk and enhancing operational efficiency.
Find more about LexisNexis here.
« Verify suppliers’ bank details »
- Trustpair digitizes and automates the validation of your vendor payments to protect you against transfer frauds.
- Trustpair ambition is to reinvent the way large companies check the transfers they issue. They have built the first solution to avoid transfer fraud that costs $2.5 billion each year.
Find more about Trustpair here.
How Aurexia can help?
PRE-PROJECT: preparation of innovative project
Conduct RFP process on business topics
Validate data to be proceed by the solution (data preparation)
Formalize digital ambitions & business needs
Detect relevant business use-cases for specific technology
- Lead ideation workshops to define pain points and needs
DURING PROJECT: End-to-end project delivery
Ensure global project management with key stakeholders
Design business requirements and adaptive services
Review operating model with new solution and business
Define IT governance with key stakeholders on new solution deployed
- Promote solution with an awareness plan and change management strategy
AFTER PROJECT: Monitoring project success
Ensure change management plan roll-out with users and management
Conduct data visualization project to add reporting capabilities
Promote the project through a dedicated communication plan
Formalize KPI and build project business case
- Identify new project opportunities (same client with other departments