Fortent provides banks, brokerages and insurance companies with effective, efficient and proven solutions that meet regulatory requirements, streamline operations and combat financial crime. Fortent delivers unparalleled Know Your Customer (KYC) and transaction monitoring for Anti-Money Laundering and Fraud detection and prevention.

• Know Your Customer (KYC): Smart. Simple. Fast.
  Fortent® KYC is a risk-based Know Your Customer solution. End-to-end, Fortent KYC provides customer verification, customer due diligence and enhanced due diligence for new and existing customers. Fortent KYC puts all data in one place and through its advanced automation, creates operational efficiencies that have been shown to reduce the customer check time by 88-97%.
• Anti-Money Laundering (AML): Effective. Efficient. Proven.
  With over 50,000 installations worldwide, it's clear why Fortent® AML is recognized as "best-in-class" by the American Bankers Association. Fortent  AML outputs generate the fewest false-positives, generating 15% case-worthy alerts versus the industry standard of 1%, which translates to a lower total cost of ownership and increased return on your compliance investment. Case Management: To streamline and organize investigators' workflow, Fortent's AML solution automatically directs information to specific users, branches and departments.
• Fraud
  Leveraging the power of Fortent's transaction monitoring platform, Fortent Fraud solutions outperform traditional rule-based systems, catching as much as 35% of previously undetected fraud. The Fortent Fraud framework provides firms with a complete and holistic customer view to help reduce operational overhead and overall fraud losses. Fortent works closely with leading consulting organizations such as The Santa Fe Group to ensure that Fortent's fraud solutions are the most advanced in the industry and reflect the very latest thinking.  

Fortent® KYC - Smart. Simple. Fast.

Using Fortent KYC, AML officers and compliance and risk managers can implement comprehensive and consistent KYC practices, reducing risk, increasing efficiency, and lowering operational expenditure.

Financial institutions operate in an environment where 'knowing your customer' has become an essential part of doing business. KYC has become a legal requirement in many regions, and is considered to be one of the cornerstones of an effective anti-money laundering risk strategy.

The Fortent solution has been developed to meet the KYC challenge and offers a powerful solution designed specifically to allow financial institutions to take a risk-based approach to KYC.

KYC automatically identifies, verifies, and reports on high-risk individuals and companies by aggregating, linking, and processing information from a wide variety of public and private sources.

Fortent KYC is a fully scalable solution for managing vast quantities of structured, semi-structured, and unstructured data, turning it into usable - and actionable - information. Using its patented metadata management platform, KYC actively seeks out the relationships between data from sources as diverse as CRM databases, international watch lists, and customer activity databases to trusted news and other Internet-based information resources. The system then quickly identifies complex relationships between this data and the data held on your existing internal systems.

Fortent® AML - Effective. Efficient. Proven.

With over 50,000 installations worldwide, it's clear why Fortent® AML is recognized as "best-in-class" by the American Bankers Association. Fortent  AML outputs generate the fewest false-positives, generating 15% case-worthy alerts versus the industry standard of 1%, which translates to a lower total cost of ownership and increased return on your compliance investment.

Based on the philosophy that every transaction counts, our anti-money laundering solution effectively enables your institution to put in place an intelligent account monitoring system that puts into context every dollar and non-dollar transaction for every single account.

Fortent has developed the industry's most affordable and complete anti-money laundering solution, based on best practice and used by a wide variety of diversified financial institutions. Fortent AML increases the effectiveness and efficiency of the whole money laundering detection process and is an essential component of a comprehensive compliance program.

Powerful 24x7 monitoring - protecting your institution today and tomorrow

Our anti-money laundering solution reviews every transaction based on individual and constantly adapting behavioral profiles that are generated and maintained for each account and customer. Each profile automatically and continually self-updates. This allows the effective reporting of activity that is genuinely unusual or suspicious.

Our solution is also capable of scanning your business to identify known and unknown money laundering scenarios. These sophisticated detection techniques mean both new and existing forms of money laundering can be detected - safeguarding your institution today and tomorrow.

Case management, investigating and reporting

Fortent's anti-money laundering "dashboard" provides summarized views of key data points for easy access to critical information. Management Information identifying operator productivity, quality indicators and other key performance indicators are represented analytically and graphically. To streamline and organize investigators' workflow, Fortent's AML solution automatically directs information to specific users, branches and departments. Also, it automatically generates reports regulators require, maximizing the efficiency of the investigation process.

Fortent® Hosted AML

For US financial institutions, Fortent also provides the option to host their anti-money laundering application. The hosted solution offers mid-sized and smaller institutions with limited IT resources a cost-effective alternative to running AML systems within their own organizations and allowing access to the most robust and powerful anti-money laundering system available on the market today. The hosted service is delivered in partnership with IBM

For more information about Fortent's Anti-Money Laundering solutions click here.  

Fortent® Fraud Management

An integrated approach to fraud management

Fortent's Fraud solutions are used to manage different and growing types of financial fraud. By using Fortent's Fraud solutions, 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 Fortent system can detect multiple forms of financial fraud by focusing on customers or entities themselves rather than narrowly targetting 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
• Employee Fraud

To learn more about Fortent's fraud prevention and detection solutions, click here.