Is Your Business at Risk Due to Agent Fraud and Compliance Complexities?
Protect your licenses and reputation by reducing fraud exposure and simplifying compliance with streamlined, reliable solutions.
Agent & Partner Risk Exposure
You rely on thousands of agents to originate transfers; a single fraudulent outlet can jeopardize licenses, brand reputation, and corridor coverage.
Cross-Border AML/KYB Complexity
Jurisdiction-specific rules, shifting sanctions lists, and limited agent data make continuous Know-Your-Business compliance time-consuming and error-prone.
Money Muling via Agent Networks
Fraudsters funnel illicit funds through legitimate agents, masking volumes just below reporting thresholds and creating hidden liability for your firm.
High False-Positive Rates
Static rules flag too many good transactions, stalling payouts, angering customers, and driving up manual review costs that erode thin remittance margins.
FraudNet Solutions: Transform Compliance and Mitigate Risks
Protect your remittance business by streamlining compliance and reducing fraud risk with FraudNet's solutions.
Entity Screening for KYB
Automates sanctions, PEP, adverse media checks on agents worldwide.
Transaction Monitoring
Scores cross-border transfers in real time, flagging suspicious flows.
Device Intelligence
Detects risky devices, links mule accounts, stops repeat fraud.
Unified Compliance Dashboard
Consolidates alerts, KYB docs, audit trails for instant review.
AI-Native Real-Time Detection
FraudNet evaluates every remittance within milliseconds, seamlessly adapting to emerging fraud patterns. This ensures you intercept threats before funds exit your network, safeguarding your business and enhancing customer trust. Stay ahead of fraud with our proactive, real-time threat detection.
Precision That Cuts False Positives
Our advanced machine-learning models integrate global fraud intelligence with your unique data, drastically reducing unnecessary alerts by up to 80%. This precision empowers your analysts to focus on high-value cases, enhancing efficiency and safeguarding your remittance operations.
Instant, Audit-Ready Compliance
Streamline your compliance process with our unified console that seamlessly connects transaction histories, KYB documentation, and investigative notes. Ensure regulatory satisfaction in minutes, not days, and focus on growing your remittance business without the usual administrative bottlenecks.
Impact & Results
Delivering Results that Matter
We don’t just promise better fraud control—we deliver tangible improvements that protect your business.
97%
Fewer False Positives
Approve more valid transactions confidently.
88%
Fraud Reduction
Experience double-digit reductions in fraud-related chargebacks
60%
Cost Savings
Save time and resources while securing your revenue.
Why FraudNet
Future-Proof Your Fraud & Risk Program
With an integrated platform designed for precision, agility, and impactful results, enabling your team to make smarter decisions, improve operational efficiency, and fuel your business growth.
Customizable & Scalable
No-code rules engine, flexible dashboards, and tailor-made machine learning models that are designed to adapt seamlessly and scale alongside your business.
End-to-End Platform
Unify fraud detection, compliance, and risk management into one powerful solution, saving valuable time and streamlining your operations.
AI Precision You Can Rely On
Reduce false positives, detect and prevent more fraud, and mitigate risk with highly accurate, real-time risk scoring and anomaly detection you can trust.
Real-Time Fraud Intelligence
Leverage advanced analytics, comprehensive reporting, and our Global Anti-Fraud Network to make faster, smarter decisions on the spot.
Testimonials
Real Success From Real Teams
Fraud.net’s flexibility has helped our AfterPay business grow by allowing us to meet our increasingly complex customer and country requirements. Their platform has enabled Arvato to increase our agility and significantly reduce fraud attacks.
Director Risk & Fraud, Arvato
FraudNet's combination of customized machine learning and flexible rules management has been transformative. We've achieved dramatic efficiency gains while maintaining robust fraud protection - a game-changer as we navigate evolving regulatory requirements.
Head of Financial Crime, Countingup
The great usability of Fraud.net is night and day when comparing it to our prior risk prevention platform. Reporting is also faster, more straightforward, and more impactful. With Fraud.net, we can easily visualize and share findings, providing our leadership with a clear understanding of the return-on-investment for our activities in real-time.
Fraud Manager, Global Financial Institution
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FAQs
What is Remittance AI fraud automation?
Remittance AI fraud automation involves using artificial intelligence and machine learning technologies to detect and prevent fraudulent activities in remittance transactions. It leverages data analysis and pattern recognition to identify suspicious activities, reducing the risk of fraud and enhancing the security of financial transactions. This approach helps remittance companies to quickly respond to potential threats, improve compliance, and protect both the company and its customers from financial losses.
How does AI enhance fraud detection in remittance services?
AI enhances fraud detection by analyzing vast amounts of transaction data in real-time, identifying patterns and anomalies that may indicate fraudulent behavior. It uses machine learning algorithms to continuously improve its detection capabilities by learning from past fraud cases. AI can also automate routine tasks, allowing human analysts to focus on complex cases, ultimately leading to faster response times, improved accuracy in fraud detection, and a reduction in false positives.
What are the benefits of implementing AI fraud automation for remittance companies?
Implementing AI fraud automation offers several benefits for remittance companies, including increased efficiency in detecting and preventing fraud, reduced operational costs, and enhanced customer trust. AI systems can process transactions faster than manual systems, allowing for quicker detection and response to fraudulent activities. Additionally, AI reduces the likelihood of human error and can provide better scalability as transaction volumes grow. This leads to a more secure and reliable remittance service.
What challenges do remittance companies face when adopting AI for fraud prevention?
Remittance companies face several challenges when adopting AI for fraud prevention, such as data privacy concerns, integration with existing systems, and the need for skilled personnel to manage and maintain AI systems. Ensuring compliance with regulatory standards while implementing AI technologies is also a critical consideration. Additionally, the effectiveness of AI systems depends on access to high-quality data, which can be a challenge if data is siloed or not properly managed.
Can AI fraud automation reduce false positives in fraud detection?
Yes, AI fraud automation can significantly reduce false positives in fraud detection. By analyzing patterns and learning from historical transaction data, AI systems can improve their accuracy over time, distinguishing between legitimate and suspicious transactions more effectively. This reduces the number of false alerts, allowing fraud analysts to focus on genuine threats. The continuous learning aspect of AI ensures that the system adapts to new fraud tactics, maintaining high levels of accuracy.
How does AI fraud automation help with regulatory compliance in remittance services?
AI fraud automation helps with regulatory compliance by providing robust tools for monitoring and reporting suspicious activities, ensuring adherence to anti-money laundering (AML) and know your customer (KYC) regulations. AI systems can generate detailed audit trails and compliance reports, making it easier for remittance companies to meet regulatory requirements. Additionally, AI can help identify and verify customer identities, reducing the risk of fraudulent transactions and ensuring that companies remain compliant with evolving regulatory standards.