RTP Financial Crimes Management: Three Ways to Protect Your Bank’s Assets from Real-Time Payment Fraud
Payment fraud is big business and real-time payment (RTP) is ripe for the picking. With little to zero time to catch fraudsters in the act, banks must adapt to the new real-time payments word with real-time fraud detection and prevention methods.
Three Ways to Prevent Fraud
- Fight real-time fraud with real-time detection tools. Adapt real-time anti-fraud tools that are specifically designed to identify and prevent payment and bank fraud. Not all real-time tools are created equal.
- Implement systems with near limitless capabilities. Adapt scalable anti-fraud tools that are capable of handling a large and quick increase in RTP transactions. This is especially important as FedNow will soon be instituted nationwide.
- Artificial Intelligence is Key. Adapt a purpose built enterprise-level system that not only prevents fraud in real-time, but can “learn” in real-time where new risks are emerging. AI can help stop detect and stop fraud before it happens.
One All Encompassing Solution
ToolCASE is the world’s most advanced transactional AI company. We are the retail banking and payments industry’s preferred choice for real-time risk management and fraud detection. We catch fraud as it’s happening, before it’s too late.
Our enterprise-level advanced AI solutions are scalable and designed specifically for the retail banking and payments industry. Our machine learning technology helps you stay well ahead of the fraudsters, saving your financial institution from massive losses.