Detecting and preventing bank fraud

by Tier1 Financial Solutions | Video

Banks face many challenges when tackling the issue of fraud. Operations in many jurisdictions with different compliance and due diligence requirements; a variety of products and services including loans, investments, mortgages, credit cards and day-to-day banking operations; and customer and transaction data stored in various IT and core systems are just some of the difficulties faced by financial institutions.

While some institutions have implemented fraud prevention solutions, many fail to deliver on the promise of reducing fraud-related losses due to the large number of false positives, high IT costs, undetected fraud schemes, and the inability to detect various forms fraud in real-time or keep up with evolving schemes.

In this webinar, the team at Alessa will review how to overcome some of the challenges associated with detecting and preventing the various forms of bank fraud.

About Tier1 Financial Solutions

Alessa is a compliance, controls monitoring and fraud prevention solution that allows organizations to ensure compliance, decrease risks and more.

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