Fraud represents a significant and growing financial risk, directly affecting the bottom line and threatening reputations. Financial fraud is dynamic, with new patterns emerging all the time that require fast and effective detection. The world of electronic transactions has opened up new opportunities for fraudsters. This, coupled with the increasing number of electronic transactions, means that any solution must be scalable and capable of intelligently monitoring and acting upon every single transaction. The real challenge for financial institutions is how to re-establish a one-to-one relationship with customers, enabling a rapid identification of unusual, suspicious and high-risk activity.

"Independent experts say that the very latest and most sophisticated solutions are those that use artificial intelligence to learn transactional histories to identify potentially fraudulent activity. Most cite Fortent  as being at the cutting edge in this field." Computer Fraud and Security

Fortent's  Product - an integrated approach to fraud management
Our fraud solutions are being used to manage different and growing types of financial fraud. By using Fortent's your institution can automatically observe, detect, and respond to any potential fraudulent behavior, whatever form it may take. Our fraud detection systems uncover both known and previously unknown fraudulent behavior while reducing false positives. The power of our technology really comes into play when the system is used to detect multiple forms of financial fraud by focusing on customers or entities themselves rather than looking for any very specific fraudulent activity. This gives your fraud management team a total vision of what is happening, as it happens, enabling a consistent, complete, and integrated approach to fraud management.

Increasing the quality, speed, and efficiency of fraud detection
Fortent does not rely on data snapshots or rules exported to multiple data warehouses. Detailed behavioral knowledge is the foundation of our fraud detection and prevention technology. To do this, we actively track and profile every customer and account. These profiles are updated and refreshed constantly as each transaction occurs. This results in the reporting of genuinely unusual activity and the ability to rapidly adapt to new patterns of fraudulent behavior. Fortent notifies and automates the response to unusual, suspicious, and high-risk activity enabling a consistent level of protection derived from a central understanding of behavior. Time spent on fraud detection is radically reduced and the quality of the detection is significantly improved.

Fortent has developed the following Fraud Management software:

• On-Us Check Fraud
• Check Deposit Fraud
• Check Kiting Fraud
• Debit Card Fraud
• ATM Fraud
• Wire Payments Fraud

Delivering world-class fraud management
Fortent offers unique, powerful software designed to combat financial fraud. By learning patterns of fraudulent behavior and examining every transaction as it happens, our solutions automatically identify fraud and drive the appropriate responses. Fortent reduces costs, defends against fraud, and produces real bottom-line results.

Knowing your customer is the key
Our solutions have been engineered to meet the fraud management challenge. Through continuous monitoring of every single transaction, we are able to deliver unprecedented levels of customer knowledge by constantly tracking, recording and updating customer behavior to establish if there is any unusual activity. By examining such activity as it happens, Fortent provides your fraud management team with the required knowledge and analysis to support rapid interpretation and response.

Every transaction counts
Our customers operate in a 24x7 environment where millions of electronic transactions are flowing through their institutions every second of every day. We recognize that to combat fraud, it is critical to monitor and understand every transaction as it occurs, ensuring a full understanding of customer behavior. To deliver this and effectively identify and manage both risk and opportunity, every single transaction counts.

Protecting financial institutions of all sizes
Fortent operates in financial institutions of all sizes, from institutions with 10,000 transactions a day to those that generate over 50,000,000 transactions a day. The Fortent system has been engineered to be highly scalable and flexible, meeting the needs of your institution today and tomorrow.

For more information contact us.