KBA Associate Member
ThreatAdvice offers TAFraudSentry, an AI-driven check fraud prevention platform. Complementing this is FraudXchange, a network enabling banks to rapidly report fraud, communicate securely, and identify stolen checks with dark web monitoring. They also provide MSSP and cybersecurity solutions to protect banks from cyberattacks.
TAFraudSentry provides a proactive defense with an AI-powered check fraud detection solution designed to safeguard financial institutions. Employing advanced AI and image analysis technologies, TAFraudSentry detects and prevents check fraud with exceptional accuracy. By integrating digital image forensics with transactional analysis, it delivers a comprehensive multi-tiered defense against all forms of check fraud. Notably, TAFraudSentry boasts a prevention success rate exceeding 95% in targeted scenarios.
TAFraudSentry offers:
Real-time fraud detection: Mitigates risks by inspecting clearing items before industry return deadlines.
Seamless integration: Works with existing data analytics or machine learning systems, enhancing transactional analysis-based fraud detection.
Robust transactional analysis and account monitoring: Identifies suspicious patterns, serial out-of-range checks, and duplicate checks.
Real-time customer notifications: Sends text or email alerts for verification of potential fraudulent checks.
Customizable features: Includes threshold optimization, parameter settings, negative image matching, and profile management.
FraudXchange: Uniting Financial Institutions Against Fraud
FraudXchange is a consortium designed to empower financial institutions in the fight against fraudulent transactions. By uniting banks and credit unions, FraudXchange creates a collaborative environment to share critical insights and strategies, enhancing collective efforts in fraud and loss prevention.
FraudXchange offers:
- Shared Intelligence: Collaborate with other financial institutions to bolster fraud prevention strategies.
- Fraud Case Builder: Centralize the management of fraud cases, including documentation, task assignments, and reporting.
- Dark Web Monitoring: Protect your customers with early detection of potential threats from the dark web.
- Streamlined Fund Returns: Expedite the return of funds in compliance with existing regulations.
- Instant Fraud Alert System: React promptly to potential threats with near-instantaneous reporting of fraudulent transactions.
- Fraud Training Platform: Equip your team with the latest tools and techniques to combat fraud effectively.
ThreatAdvice's TAFraudSentry and FraudXchange platforms provide financial institutions with advanced tools to prevent fraud and enhance security measures. Using AI, image analysis, and collaborative networks, these solutions offer comprehensive protection and support in the ongoing battle against financial fraud.