- Efficient fraud management
- Lower losses due to internal fraud
- Discovery of emerging fraud types
Learn more: https://netguardians.ch/solutions/internal-fraud/
Internal fraud
03 Jul 2021Traditional approach
With traditional methods in the market relying on static rules, manual controls, or sampling, it takes 18 months on average to detect internal fraud. What is needed is a new technological model that detects and prevents internal fraud before it happens.
NetGuardians approach
Leveraging on smarter AI, NetGuardians’ platform NG|Screener tracks behavior of all employees including front-office/back-office and privileged users (database administrators & IT administrators) as well customers to identify suspicious transactions. Whenever there is a fraudulent transaction, which is out-of-profile, it blocks the transaction and triggers meaningful alerts.
Banks implementing NetGuardians’ AI solution significantly improved internal fraud management by reducing the number of false positives, preventing fraud in a timely manner, and discovering new fraud types.