Your Complete Guide to Informant

Your Complete Guide to Informant

According to the Federal Trade Commission, there were over 2.1 million consumer fraud reports in 2020. The total financial loss from fraudulent activity amounted to $3.3 billion in 2020, a significant increase from $1.8 billion in 2019.

Also, instances of fraud and identity theft are on the rise with an increase in online transactions. Between 2016 and 2019, financial institutions witnessed a staggering growth of 733% in fraud within P2P systems. It has created a growing need for advanced tools to identify and minimize fraudulent activities.

ToolCASE’s Informant tool employs artificial intelligence to tackle fraud in financial institutions.

How does Informant work?

The Informant offers risk-management solutions for all aspects of financial services like fraud, compliance, audit, lending, collections, and marketing. It employs advanced machine learning to identify anomalies in patterns in real-time. It enables financial institutions to spot fraudulent activities within minutes so they can take quick preventive and corrective measures.

How can financial institutions benefit from Informant?

  •  AML compliance

Traditional transaction monitoring systems use criteria like excessive cash deposits and structured transitions to detect money laundering. It makes them prone to false alarms. With advancing technology, money launderers are finding new ways to defraud the system.

With Informant, financial institutions can detect and analyze behavioral patterns in real-time.

  •  Credit risk prediction

Financial industries incur heavy losses due to incorrect valuation of credit risks. With Informant’s advanced machine learning algorithms, businesses and banking institutions can predict the risk factor with greater accuracy, minimizing defaulted loans.

  •  Fraud detection

Informant works in tandem with RembrandtAi to detect trends. It alerts you about fraudulent and suspicious transactions in real-time. The system doesn’t require labeled transactions or behavioral patterns for data analysis. It analyzes raw data and detects  foul-play that may be invisible to the human eye.

  •  Ready for FedNow℠

The US Federal Reserve will launch their most contemporary instant payment transfer services FedNow℠ by 2023-24. Although customer-friendly, it poses a security threat for financial industries due to a lack of tools to detect real-time fraud.

Informant meets the demands of real-time transaction-monitoring and fraud detection. It will allow the financial sector to enjoy the benefits of FedNow without worrying about frauds and identity theft.

  • 24 x 7 support

Even with the best tools, emergencies and breakdowns can happen. The employees at  financial companies are not equipped with the technical expertise to deal with such problems, which can lead to substantial monetary loss. ToolCASE provides 24X7 support for our Informant AI suite to ensure that your business doesn’t suffer extensive losses because of technical glitches.


About ToolCASE

We are an IT services firm with 20 years of experience providing remote Oracle Database Administration, Linux/Unix System Admin, and System Storage Admin to clients throughout the United States. We offer AI-powered, real-time, anti-fraud solutions for fast-faced industries like airlines, health, medical services, oil and gas, manufacturing, transportation, and shipping. You can fill our online contact form to know more about our tools and services.

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