Savantor has recently undertaken projects with major financial institutions utilising this new service, one involved savings of more than â¬5m per year with an investment of less than 0.3% of the projected return.
In particular, Savantor F+ assists customers in addressing increasing CNP and cross border fraud losses. In the current market with rising trends in fraud, organisations are being targeted at a time when they can ill-afford â¬multi-million fraud loss attacks.
Fraud has many touch points in a financial institution and it is through the detailed understanding of operations and process that Savantor is successful. A review will include current environment and processes, the use of technology, refinement of rule writing and scorecards, what-if scenarios, cost benefit analyses for change, and a review of the organisational focus, management and fraud accountabilities.
A significant component of Savantorâs activity is to review a customerâs fraud measurement and monitoring (Management Information) where there are often areas for improvement.
Rod Sharp, Business Development Director of Savantor Ltd said âSavantor is able to rapidly assist financial organisations to become more proactive and quicker in its response to the onslaught of the devious and manipulative criminals that are continually attacking the payment market in new ways.â
Savantor Ltd. is an established leader in the payment processing market and specialises in the improvement of International financial operations through the provision of business and technical expertise.