Are Legacy Systems Holding Your Cross-Border Transactions Hostage?
Transform inefficiencies into streamlined operations, minimize disruptions, and ensure faster, more reliable cross-border transactions with modernized solutions.
Excessive False Positives
Legacy rules flag a high share of legitimate cross-border transfers, forcing your team to sift through noise, delaying payouts, and frustrating senders and beneficiaries.
Operational Overload
Hundreds of daily alerts across corridors overwhelm limited compliance staff, creating review backlogs that raise overhead and slow same-day settlement commitments.
Delayed Response Times
Manually triaging suspicious remittances stalls urgent funds, giving fraudsters extra time to cash out while shrinking the window for recovery.
Rising Compliance Pressure
New AML/CTF rules demand detailed audit trails; reconciling fragmented systems for regulators inflates costs and exposes you to penalties.
Transform Compliance with FraudNet's Cutting-Edge Solutions
Unlock seamless transactions with FraudNet, empowering remittance companies to streamline operations and enhance compliance.
AI-Native Precision Scoring
Cuts false positives by learning corridor-specific patterns.
Automated Alert Prioritization
Ranks queues by risk so analysts tackle true threats first.
Real-Time Cross-Border Monitoring
Screens transfers in milliseconds before funds leave the door.
One-Click Compliance Reporting
Exports regulator-ready audit files in seconds.
Enhanced Detection Accuracy
FraudNet’s AI seamlessly integrates payment, device, and identity data to accurately identify high-risk remittances. This precision drastically reduces false alerts, ensuring your team focuses on genuine threats, protecting your revenue, and enhancing the reliability of your cross-border transfer services.
Streamlined Operations
Empower your compliance team to excel by automating routine reviews with advanced triage, case routing, and workflow tools. This streamlining allows your experts to concentrate on complex investigations, enhancing efficiency and effectiveness for your remittance operations. Say goodbye to operational overload!
Faster Incident Response
Enable rapid decision-making with real-time scoring and instant alerts, allowing you to block or approve transfers in seconds. This agility not only protects customer trust but also minimizes financial exposure, ensuring your operations remain efficient and secure in the fast-paced remittance landscape.
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 fraud alert fatigue?
Remittance fraud alert fatigue occurs when individuals or employees, overwhelmed by the volume of fraud alerts, become desensitized or less responsive to them. This can lead to overlooked legitimate fraud warnings, increasing the risk of financial loss. It often happens when alert systems generate too many false positives, causing users to ignore or miss critical alerts.
Why is remittance fraud alert fatigue a concern for financial institutions?
Alert fatigue is a major concern because it can lead to missed genuine fraud cases, potentially resulting in significant financial losses and reputational damage. When staff or customers become desensitized to alerts, they may inadvertently ignore or dismiss real threats. This can undermine the effectiveness of fraud prevention strategies and erode trust in the institution's ability to safeguard client funds.
How can remittance companies reduce fraud alert fatigue?
Remittance companies can reduce fraud alert fatigue by improving the accuracy of their fraud detection systems, thus minimizing false positives. Implementing machine learning algorithms can help refine alert systems by learning from past data. Additionally, prioritizing alerts based on severity and providing clear, actionable information can help users respond more effectively. Regular training and awareness programs for staff can also mitigate the effects of alert fatigue.
What role does technology play in combating remittance fraud alert fatigue?
Technology plays a crucial role in combating alert fatigue by enhancing the precision of fraud detection systems. Machine learning and AI can analyze vast amounts of transaction data to distinguish between legitimate and suspicious activities more accurately. These technologies can also prioritize alerts based on risk levels, reducing the number of false positives and helping users focus on the most critical threats, thereby alleviating alert fatigue.
What are the signs that a remittance company might be experiencing fraud alert fatigue?
Signs of fraud alert fatigue in a remittance company include a high volume of uninvestigated alerts, an increase in missed fraud cases, and employee reports of feeling overwhelmed by the number of alerts. Other indicators might be a decline in the overall responsiveness to alerts and a tendency to rely heavily on automated systems without adequate human oversight. These symptoms suggest that the alert system may need refinement and staff may require additional support.
How can staff training help mitigate remittance fraud alert fatigue?
Staff training can mitigate alert fatigue by equipping employees with the skills to efficiently differentiate between false positives and genuine threats. Training programs can focus on enhancing analytical skills, understanding fraud patterns, and using fraud detection tools effectively. Educating staff on the importance of vigilance and the potential consequences of ignored alerts can also foster a culture of proactive fraud prevention, helping reduce the impact of alert fatigue.