Look Back Analysis

Electronic fraud is on the rise, but it has never been more easier or affordable for financial institutions to thoroughly review their anti-fraud procedures and keep their assets and customers protected. Easy Solutions’ Look Back Analysis provides a comprehensive breakdown of your institution’s current anti-fraud detection techniques across all channels, comparing the current and potential performance of your security measures. By qualifying the fraud risk for every single historical transaction in the context of the specific habits of each user, Look Back Analysis helps your business optimize resource allocation, maximize fraud detection capability and turn fraud intelligence into concrete action that reduces fraud.
 

Look Back Analysis
 
 
Highlights:
 
˃ Helps your business to measure the effectiveness of existing anti-fraud controls
˃ Qualifies the risk of all historical transactions based on profiles of regular user behavior
˃ Detailed reports and stats on all high-risk transactions and activity
˃ No hardware or software to deploy
˃ Detects suspicious activity related to money laundering, cloning and other crimes
˃ Omni-channel fraud detection covers online banking, mobile, IVRs, ATMs and branch offices
˃ Easily upgrade to complete real-time transaction monitoring

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Look Back Analysis Features
Support for Legacy Detection Systems
Support for Legacy Detection Systems
Fraud is constantly evolving to stay ahead of the mechanisms that seek to detect it, making the discovery of anomalous transactions a crucial piece of the fraud prevention puzzle. With the knowledge obtained from a close analysis of user behavior, institutions can update the rules they use to create alerts for possible fraud, and can combine Look Back Analysis with legacy systems to preserve and augment prior security investments.
Suspicious Activity Analyzers that Identify Criminal Behavior
Suspicious Activity Analyzers that Identify Criminal Behavior
Look Back Analysis can identify transactional activity patterns similar to common behavior observed when money is about to be fraudulently removed from an account, and for crimes such as money laundering, express kidnapping and card cloning. Assessment for creating new transactional rules based on notifications generated when suspicious activity analyzers get triggered are also available.
Thorough Reporting, Statistics and Recommendations
Thorough Reporting, Statistics and Recommendations
All high-risk transactions, Suspicious Activity Analyzer notifications, and alert statistics are compiled in detailed reports for easy reference. We offer remediation guidance and recommendations to close any gaps between your current capabilities and the most efficient ways to optimize the resources at your disposal. All of this documentation is provided in less than a month.
Enhance Fraud Detection and Start Saving Money
Enhance Fraud Detection and Start Saving Money
Look Back Analysis measures the fraud risk for every single historical transaction by seeing how it fits in with typical account behavior. With a heuristic engine scrutinizing each transaction so carefully, you can get a more accurate picture of the fraud your institution might be exposed to and begin saving money that might have otherwise been lost to theft.
Easily Upgrade to Real-Time Transaction Anomaly Detection
Easily Upgrade to Real-Time Transaction Anomaly Detection
DetectTA takes the forensic investigative ability of Look Back Analysis and applies it to transactions as they are happening in real time, qualifying every transaction according to a profile of user behavior that the product learns over time. With the instant visibility that DetectTA provides, institutions can identify risky transactions before any money gets stolen, stopping fraud in its tracks.
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