FIS MEMENTO FRAUD MANAGEMENT

Transcription

1 FIS MEMENTO FRAUD MANAGEMENT

2 Banking has evolved quickly with the explosion of delivery channels such as online, mobile and call center services, which provide greater convenience and efficiency, but also greater risk. Securing multiple delivery channels has proven difficult for financial institutio ns until now. With the recent acquisition of Memento, a leading provider of fraud detection and management solutions, FIS has positioned itself as the global front-runner in financial crime management. The award-winning FIS Memento enterprise fraud platform combines revolutionary data indexing, superior analytics, forensic research and innovative alert and case management capabilities. Trusted by the world s largest and most influential financial institutions, as well as by regional banks and credit unions, FIS risk, fraud and compliance solutions offer exceptional accuracy, rapid ROI, and unmatched business value FIS Memento Fraud Management

3 Defining Qualities A Passion for Fraud Prevention The FIS Memento team is comprised of highly skilled computer scientists, financial services professionals, world-class mathematicians, and enterprise software veterans with decades of fraud management experience dedicated to helping FIS clients succeed. FIS Memento is a mission-driven organization, passionate about preventing financial crime and dedicated to the success of bank and credit union clients. Industry-leading Technology Built using the latest technology for addressing unique financial crime challenges, the FIS Memento enterprise platform combines innovative data management, advanced analytics and revolutionary user interface design. The award-winning products built upon this platform are designed by veteran fraud and compliance professionals and developed by an expert team of engineers and mathematicians. As a result, each product is ideally suited to address a specific challenge, and offers exceptional accuracy, rapid ROI and unmatched business value. Innovative, Successful Customers Banks and credit unions partner with FIS Memento to reduce losses and increase the efficiency of fraud and compliance management. They turn to FIS Memento to improve the way these challenges are addressed within their institutions and to establish new standards of excellence. FIS Memento is proud to help financial institutions increase the amount of fraud detected each day, significantly lower false positives and measurably increase analyst efficiency. The FIS Memento Enterprise Fraud Platform The enterprise fraud platform is an extensible foundation for financial crime management. FIS Memento s unique, innovative approach to data management is simpler, more efficient and more accurate than legacy solutions. Storing and indexing a wide variety of data creates a highly efficient cache of transaction, account and customer referential data. A Partnership in Fighting Financial Crime The FIS Memento Managed Services business model creates a strategic partnership to ensure that maximum value is derived from each state-of-the-art solution. FIS Memento clients benefit from the latest best practices, advanced technology, and by joining forces with an experienced, committed partner in the fight against fraud and financial crime FIS Memento Fraud Management 3

4 Analytics Proactively monitor anomalous behaviors with a portfolio of analytics and advanced business rules. Analytic techniques include pattern matching, Bayesian networks, learning models, behavior profiling, known and discovered peer groups, collusive networking, and others. ACH Fraud Deposit Fraud and Kiting ANALYTICS MANAGEMENT CASE Custom Solutions Enterprise Platform ALERT MANAGEMENT RESEARCH FORENSIC Alert Management Stop more fraud with applications designed and developed by experts specifically for individual fraud types. Maximize loss prevention efficiency with at-a-glance disposition capabilities for rapid, accurate decisions. Employee Fraud On-Us Check Fraud Case Management Empower investigators with instant access to the information they need to make smarter, more informed decisions about fraud and compliance cases. Share data and tasks across departments, business units and locations. Wire Fraud Forensic Research Shatter information silos with robust research tools for instant access to cross-channel, transaction, account and employee data. Gain a more complete view of suspect events to proactively stop financial crime FIS Memento Fraud Management

5 FIS Memento Fraud Management Solutions ACH Fraud Solution Detect ACH fraud and account takeover with robust, analytics-based detection. Real-time transaction monitoring and efficient presentation of alerts enables close interaction with commercial customers for fast resolution and superior customer service. Utilize the API for the disposition of outgoing activity and status updates in real-time. Deposit Fraud and Kiting Solution Prevent a wide variety of fraud types, including new account fraud, kiting fraud, account takeover, AFF/419 scams, and more. Protect your institution and your customers from the persistent threat of deposit fraud using our innovative and effective solution. Employee Fraud Solution Monitor employee activity to detect, investigate and prevent policy infractions, general ledger abuse, account takeover, identity theft, and other fraud schemes attempted or perpetrated by trusted insiders. Wire Fraud Solution Evaluate wire requests for the telltale signs of fraud. The intuitive user interface facilitates rapid dispositioning and resolution of alerts. This API-enabled real-time monitoring solution allows you to quickly block payments before monies are released. Custom Solutions FIS will work with you to design a custom solution based on your financial institution s unique requirements. Find out how your bank or credit union can leverage FIS Memento s innovative analytics, domain expertise, leading client services team, and award-winning enterprise fraud platform to address your individual fraud and risk challenges. On-Us Check Fraud Solution Zero in on counterfeits, forgeries and alterations to protect your institution from on-us check fraud. Advanced analytics dramatically reduce false positives, and our visually-appealing, next-generation user interface expedites alert dispositioning and resolution FIS Memento Fraud Management 5

6 FIS, the world s largest provider of banking and payments technology, has expanded its enterprise fraud platform to provide banks and credit unions with new and more effective ways to detect and manage a broad array of risk, fraud and compliance threats providing innovative solutions that meet the most stringent compliance requirements. FIS continually strives to give every client a voice and listen and respond to their needs. With a focus on innovation, new product development and enhancements, FIS is positioned to help our clients be more competitive and address their business challenges and strategic goals. We take information security very seriously and provide industry-leading secure and reliable solutions. At FIS, we are committed to protecting the assets of our clients and their customers. For more information about risk, fraud and compliance solutions, please call , us at moreinfo@fisglobal.com, or visit 6

7 About FIS 2013 FIS Memento Fraud Management 7

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