Using Guardian Analytics’ behaviour-based anomaly detection solutions FraudMAP Online and FraudMAP Mobile, The Summit FCU will be able to monitor all user activity from login to logout across all online and mobile banking platforms. By monitoring transactions, customer behaviour patterns, account activity and access to administrative functions, The Summit FCU can spot anomalies, halt suspicious transfers and pinpoint security vulnerabilities.
The credit union reaches out to members when suspicious activity is identified that appears outside the member’s normal behaviour such as when an account is accessed from an unusual location or a bill pay is set up for a new payee.
In recent news, Guardian Analytics has rolled out a risk-based wire fraud prevention solution, dubbed FraudMAP Wire.
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