With traditional methods and rule-based solutions in the market, too many false positives are generated, and fraud detection is reactive. NetGuardians’ AI platform NG|Screener detects fraudulent transactions in real-time, reduces the number of false positives by 83%, fraud management time by 93%, discovers new fraud types, and reduces fraud losses.
Using NG|Screener’s pre-defined AI risk models, banks are able to tackle:
NG|Screener transaction scoring module enables transaction blocking within the core banking (pre-defined interface with already available major core banking providers) or within the transaction processing system of the bank. When a fraudulent transaction is detected, the transaction is blocked and an alert is generated in real-time and routed to the relevant stakeholders through a customized workflow. An integrated case manager ensures appropriate investigation procedures using NG|Screener risk dashboard and forensics tools.
We work closely with Microsoft to helps banks prevent fraud while taking advantage of the AZURE cloud environment.