Dubbed en.SafeWatch Fraud, the system has been designed to identify online, ATM, wire and credit card fraud and it is integrated with EastNets` anti-money laundering solutions (AML) for watchlist and sanctions filtering, as well as suspicious activity monitoring and detection.
As with EastNets` watchlist filtering and customer profiling solutions, the fraud system provides multiple data source connectors, including SWIFT Alliance Connector (which enables integration with a SWIFT environment and prevents the emission of suspicious messages into the SWIFT Network), File Connector (which can scan transactions stored in data / transaction files), MQ-Series (offers transaction screening facilities to core banking or middleware applications) and Web Services.
EastNets` enterprise compliance management framework incorporates Know Your Customer (KYC) controls, case management, regulatory and management reporting, risk assessment and scoring, allowing financial institutions to aggregate data across fraud and AML silos.
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