Is Your Remittance Network Vulnerable to These Risks?
Safeguard your remittance network by addressing critical vulnerabilities, ensuring compliance, enhancing efficiency, and protecting your brand reputation.
Agent & Partner Risk Exposure
A single rogue payout agent can launder funds or create chargebacks, damaging brand trust and triggering costly clawbacks across your corridor network.
Cross-Border AML/KYB Complexity
Varying regional rules make it hard to collect, verify, and refresh partner KYB data, putting you at odds with regulators in multiple jurisdictions.
Money Muling via Agent Networks
Fraudsters funnel low-value, high-frequency transfers through legitimate agents, masking illicit flows and inflating your regulatory reporting burden.
High False-Positive Rates
Static rules flag large volumes of good remittances, delaying payouts, straining customer support, and driving senders to faster competitors.
FraudNet Solutions: Elevate Security & Streamline Compliance
FraudNet empowers remittance companies to mitigate risks, enhance compliance, and streamline safe cross-border transactions.
Data Hub Integration
API unifies internal, KYB, AML, and device data.
Policy Monitoring Engine
Tracks agent volumes, refunds, and chargeback ratios.
Agent-Level Anomaly Detection
Alerts on behavior that deviates from corridor norms.
Real-Time KYB Screening
Sanction, PEP, and adverse-media checks on demand.
Unified Risk Data Hub
Integrate FraudNet’s API to seamlessly merge transactions, corridor metrics, device signals, and global watchlists into a single platform. Gain unparalleled visibility into your operations without overhauling your existing systems, ensuring secure, compliant, and efficient remittance processes that enhance trust and reliability.
Adaptive Anomaly Detection
Our AI-driven models rapidly learn each agent's transaction patterns and instantly flag unusual spikes, effectively intercepting mule activity before funds exit your network. Protect your operations and maintain regulatory compliance with cutting-edge technology tailored for remittance companies.
Dynamic Policy Controls
Instantly adjust and optimize your volume caps or refund limits with ease. Our dynamic policy controls significantly reduce false positives, ensuring that legitimate transactions are processed swiftly, enhancing customer satisfaction and maintaining your competitive edge in the remittance market.
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 a Remittance API?
A Remittance API is an application programming interface that facilitates the transfer of money across borders by allowing applications to interact with remittance services. It enables businesses to integrate money transfer capabilities into their systems, providing seamless and efficient international money transfers for users. These APIs often include features for currency conversion, transaction tracking, and compliance with international regulations.
Why should I integrate a Remittance API into my platform?
Integrating a Remittance API into your platform can significantly enhance your service offerings by providing users with the ability to send and receive money internationally with ease. It can improve user experience by offering faster, more secure transactions. Additionally, it expands your market reach, attracts more customers, and can lead to increased revenue by tapping into the growing demand for cross-border payment solutions.
What are the key features to look for in a Remittance API?
When selecting a Remittance API, look for features such as multi-currency support, real-time exchange rates, transaction tracking, and robust security measures like encryption and fraud detection. Additionally, ensure the API is compliant with international financial regulations. Other important features include user-friendly documentation, reliable uptime, scalability, and responsive technical support to assist with integration and troubleshooting.
How does a Remittance API ensure regulatory compliance?
A Remittance API ensures regulatory compliance by incorporating features that adhere to international financial regulations, such as Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols. These APIs often include verification processes, transaction monitoring, and reporting functionalities to detect and prevent fraudulent activities. Additionally, they collaborate with licensed financial institutions to ensure all transactions are processed in compliance with the relevant legal and regulatory frameworks.
What security measures are typically included in a Remittance API?
Remittance APIs typically include several security measures to protect sensitive information and transactions. These measures can include data encryption, secure authentication methods, transaction monitoring, and fraud detection systems. Additionally, many APIs use tokenization to protect payment data and conduct regular security audits and compliance checks to ensure the system remains secure against evolving cyber threats.
How can I test a Remittance API before full integration?
You can test a Remittance API before full integration by using a sandbox environment provided by the API provider. This testing environment allows you to simulate transactions and explore the API's functionalities without affecting real accounts or processing actual funds. It enables you to validate integration workflows, test different scenarios, and ensure the API meets your platform's requirements before going live. Additionally, review the API documentation for detailed instructions on setting up and executing test cases.