ONE STEP AHEAD OF FRAUD

REAL-TIME PAYMENT
FRAUD DETECTION
SOLUTION

Fraud Detection System by NEODATA (FDS) is a modern real-time solution for payment fraud detection. Designed for the banking industry with an emphasis on accuracy, speed and reliability, it protects transactions and client login credentials against constantly evolving threats.

FRAUD DETECTION SYSTEM

Leveraging advanced real-time data analysis and machine learning algorithms, FDS equips banks to identify and prevent fraudulent activities in real time. While enabling effective response to current security challenges, the solution also helps to proactively prepare for future threats. By acquiring FDS, banks gain not only advanced technology, but also a partnership based on experience and trust, which is essential to ensure the highest possible level of security in financial operations.

Evaluation engine

Real-time fraud detection in transactions, login sessions, and AML operations.

Reliable real-time
analysis service

Analysis of transactional and non-transactional data through an investigator interface.

High-performance
evaluation

Evaluates suspected anomalies to detect payment fraud.

how works

FDS by neodata

DATA WE ANALYZE

Transactions
User sign-in
Access device
User behavior
Trusteer biometrics and data

SCORING RULES WE APPLY

Watchlists and their add-ons Device/ malware signals
Customer profile
Recipient profile
Device profile, IP address, and behavior
Anomalies of transactional history
Detection of new and unusual payment parameters
ML and AI algorithms

TYPES OF FRAUD WE DETECT

Payment fraud
Insider fraud
Insurance fraud

SCORING-RELATED DATA OPERATIONS WE USE

Enrichment of the streaming input data with your customer, product, and transactional data
Calculations of compound real-time events, aggregates, weights, and deviations
Business rules validation (hard)
Business rules validation (soft)
Data structure and objects validation

BENEFITS

ALL-IN-ONE SOLUTION DELIVERED AS A SERVICE

You receive a complete package (SW, HW, licenses, implementation, operation, and internal resources)

fast implementation

The solution can be deployed and launched within weeks

EXPERIENCE AND REFERENCES

We are a leader in FRAUD solutions
We successfully implemented our anti-fraud solution and have operated it for more than seven years

RESPONSE TIME IN MILLISECONDS

The solution is built on state-of-the-art infrastructure capable of delivering responses in milliseconds
Support 24/7
SLA 99,99%

KEY BENEFITS

Fraud Detection System by neodata

CONTINUOUS REAL-TIME DETECTION OF ADVANCED PAYMENT AND AML FRAUD

The FDS solution facilitates the creation of an anti-fraud strategy with a single platform and enables investigators to move quickly and smoothly. It also helps prevent financial crime in the digital age.

COVERS ALL DIGITAL PAYMENT AND SIGN-IN CHANNELS

Processing of card and payment orders, authentications, challenge methods and step-up methods, PSD operations, non-financial transactions. Processes incoming and outgoing payments in real time.

DESIGNED FOR SIMPLE AND FAST IMPLEMENTATION OF ADVANCED SCORING RULES USING AI MICRO-MODULES

The solution offers an advanced hybrid detection model that combines user-defined rules with AI-based rules that adapt automatically.

COMPLETE AUDIT TRAIL AND ROLE MANAGEMENT

Comprehensive session statistics for forensic analysis supported by a dedicated team. Ensures full transparency to facilitate oversight by regulators.

REFERENCES

KOMERČNÍ BANKA: Fraud Detection System product

In cooperation with the global leader in analytics SAS, we implement for our client the monitoring of all outgoing and incoming payments, including instant (immediate) transfers.

We monitor logins to internet and mobile banking.
Every login and transaction is instantly analyzed and we can identify suspicious scenarios in just 20 milliseconds.

This ensured our client’s protection against sophisticated techniques used in the online world for sensitive data exfiltration and unauthorized access to funds.