As the name suggests, the SaaS solution prevents wire fraud across all bank channels. Using behavioral analytics, FraudMAP Wire determines high risk wire transfers in call centers, faxes, branches, emails, and online.
In real-time, the automated system speeds up low-risk transactions and stops high-risk transactions to determine if it is fraudulent. Some benefits of the new service include:
- Requires customer interaction for only the most high risk wires
- Receives all wire transactions in real-time from the financial institution’s wire processing solution
- Provides integrated workflow for investigation and execution of final wire release status
Guardian Analytics demoed at FinovateFall 2010.