Are You Struggling with Identity Fraud, Regulatory Complexity, and Inefficient Compliance?
Streamline operations, enhance security, and ensure compliance by addressing identity fraud, regulatory challenges, and inefficient compliance workflows.
High Exposure to Identity Fraud
Mules, synthetic IDs, and account takeovers target senders and beneficiaries, driving losses, refunds, and reputational damage for remittance corridors.
Regulatory Complexity Across Corridors
Each payout country enforces distinct KYC, AML, and sanctions rules; staying current strains compliance teams and risks costly violations.
Manual, Siloed Compliance Workflows
Analysts toggle between disparate tools to review alerts, slowing approvals, increasing human error, and inflating operating costs.
Excessive False Positives Hurting CX
Generic rules flag legitimate migrant transfers, creating delays, higher support tickets, and abandoned transactions.
Leverage FraudNet: Transform Your Compliance and Security Efforts
Streamline compliance, reduce fraud, and enhance customer trust with Fraudnet's tailored solutions for remittance companies.
Entity Screening API
Continuous KYC, sanctions, PEP, synthetic checks in one call
Real-Time Transaction Scoring
Millisecond AML & fraud scores across send/receive rails
Policy Monitoring Engine
Auto-track chargebacks, refunds, volume spikes, alerts
Unified Case Manager
Centralized triage, evidence, audit logs for fast decisions
Cross-Network Intelligence
Tap into FraudNet's consortium data, bridging banks, wallets, and fintechs to give your remittance company early alerts on potentially risky senders and beneficiaries identified by other providers. Stay a step ahead in preventing fraud and safeguarding your transactions.
Adaptive AI-Native Models
Experience unparalleled accuracy with our Adaptive AI-Native Models. Tailored to remittance corridors, these self-learning models slash false positives by up to 97%, ensuring seamless transactions while identifying emerging fraud in real time, enhancing both security and customer satisfaction.
Embedded Compliance Automation
Streamline your compliance processes with embedded automation that offers audit-ready trails and auto-filled SARs. Stay aligned with global regulations effortlessly, reducing manual preparation by 50% and ensuring you remain at the forefront of compliance mandates in the remittance industry.
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 cross-network risk?
Remittance cross-network risk refers to the potential threats and vulnerabilities involved when funds are transferred across different financial networks or systems. These risks may include issues like data breaches, fraud, regulatory non-compliance, and operational failures. Understanding these risks is crucial for remittance companies to ensure secure and reliable transactions across multiple financial platforms.
How can remittance companies mitigate cross-network risks?
Remittance companies can mitigate cross-network risks by implementing robust security measures, such as end-to-end encryption, multi-factor authentication, and regular security audits. Additionally, they should adopt comprehensive compliance programs, perform thorough due diligence on partners, and maintain updated knowledge of regulations in all jurisdictions where they operate. Collaborating with cybersecurity experts can further enhance their risk management strategies.
Why is regulatory compliance important in managing cross-network risks?
Regulatory compliance is crucial in managing cross-network risks because it ensures that remittance companies adhere to legal standards that protect against money laundering, fraud, and other financial crimes. Compliance helps maintain the integrity of financial transactions and builds trust with customers and partners. Non-compliance can lead to legal penalties, reputational damage, and loss of business opportunities, making it essential for effective risk management.
What role does technology play in managing remittance cross-network risks?
Technology plays a significant role in managing remittance cross-network risks by providing tools for enhanced security, efficient transaction processing, and compliance monitoring. Advanced technologies such as blockchain, artificial intelligence, and machine learning can help detect fraudulent activities, automate compliance checks, and improve transparency across networks. Investing in reliable technological solutions enables remittance companies to safeguard their operations and reduce exposure to potential risks.
How do geopolitical factors affect remittance cross-network risks?
Geopolitical factors can significantly impact remittance cross-network risks by influencing regulatory environments, economic stability, and currency exchange rates. Changes in government policies, international sanctions, or political unrest can disrupt remittance flows and alter compliance requirements. Remittance companies need to stay informed about geopolitical developments and adapt their risk management strategies accordingly to ensure uninterrupted and secure transactions.
What are the consequences of ignoring cross-network risks in remittances?
Ignoring cross-network risks in remittances can lead to severe consequences, such as financial losses due to fraud or cyberattacks, regulatory fines for non-compliance, and reputational damage that erodes customer trust. Additionally, operational disruptions may occur, leading to delays or failures in processing transactions. These issues can ultimately result in a loss of business and competitive disadvantage in the remittance market, underscoring the importance of proactive risk management.