Is Your Business at Risk Due to Agent Misconduct and Compliance Complexities?
Protect your brand and profits by addressing agent misconduct and navigating complex compliance with confidence and precision.
Agent & Partner Risk Exposure
When a payout agent goes rogue—laundering funds, faking transactions, or disappearing with float—your brand, liquidity, and customer trust all suffer while chargebacks and fines pile up.
Cross-Border AML/KYB Complexity
Every corridor enforces different due-diligence rules. Tracking ever-changing KYB, sanctions, and licensing requirements across hundreds of jurisdictions strains compliance teams and invites regulatory penalties.
Money Muling via Agent Networks
Fraudsters recruit legitimate-looking agents to run high-frequency, low-value transfers that blend into normal flows, quietly washing illicit funds and exposing you to reputational damage.
High False-Positive Rates
Static, one-size-fits-all rules over-flag good transfers, freezing payout corridors, frustrating senders and receivers, and driving costly manual reviews that erode thin remittance margins.
Strengthen Security with Fraudnet's Cutting-Edge Solutions
Fraudnet ensures remittance companies mitigate agent risks and streamline compliance, safeguarding brand and trust.
Data Hub Integration
Merge internal flows with KYB, AML, device data for 360° risk view.
Policy Monitoring for Agents
Auto-track volume, refunds, chargebacks; alert on breaches instantly.
Anomaly Detection
ML spots unusual frequency, corridor shifts, or split transactions fast.
Entity Screening for KYB
Screen agents against sanctions, PEP, adverse media at onboarding & daily.
Comprehensive Data Integration
Gain unparalleled insight into your transactions with our AI-native workspace. By integrating every transaction, device signal, and third-party AML feed, we eliminate data silos, providing you with real-time, corridor-level visibility to enhance decision-making and streamline your operations.
Dynamic Policy Monitoring
Tailored monitoring ensures every agent operates within set volume, refund, and chargeback limits. This drastically reduces the need for manual audits and prevents financial leakage early, safeguarding your operations and maintaining profitability in the competitive remittance landscape.
Proactive Anomaly Detection
Harness the power of machine learning to effortlessly track corridor traffic patterns. Instantly flag irregular bursts, beneficiary changes, or uncommon currency pairings, empowering you to intercept and block suspicious mule activities before illicit funds make their way out.
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 high-volume transaction fraud?
Remittance high-volume transaction fraud occurs when fraudulent activities are carried out through frequent and large numbers of money transfers. Fraudsters exploit the remittance system by sending multiple transactions to disguise illicit funds, often using stolen identities or synthetic identities. This type of fraud poses significant risks to financial institutions and customers, necessitating robust monitoring and detection systems to identify and prevent unauthorized activities.
How can remittance companies detect high-volume transaction fraud?
Remittance companies can detect high-volume transaction fraud by implementing advanced fraud detection systems that utilize machine learning algorithms and real-time data analysis. These systems monitor transactional patterns, identify anomalies, and flag suspicious activities for further investigation. Additionally, maintaining up-to-date customer verification processes and collaborating with other financial institutions to share intelligence can enhance the detection and prevention of fraudulent transactions.
What are common indicators of high-volume transaction fraud?
Common indicators of high-volume transaction fraud include sudden spikes in transaction volumes, unusual transaction patterns, and inconsistent or incomplete customer information. Additional red flags may involve multiple transfers from a single account to different recipients, transactions originating from high-risk locations, and frequent changes to account holder details. Monitoring these indicators helps remittance companies identify potential fraud and take appropriate action to mitigate risks.
What technologies are effective in combating remittance transaction fraud?
Effective technologies in combating remittance transaction fraud include machine learning algorithms, artificial intelligence, and blockchain technology. Machine learning and AI can analyze vast datasets to identify patterns and detect anomalies, while blockchain provides a secure and transparent ledger system to verify transactions. These technologies, combined with biometric authentication and real-time transaction monitoring, help remittance companies enhance their fraud prevention capabilities and protect their customers from fraudulent activities.
How can customer education help in reducing remittance fraud?
Customer education plays a crucial role in reducing remittance fraud by raising awareness about common fraud tactics and encouraging vigilance. Educating customers on the importance of safeguarding personal information, recognizing phishing attempts, and verifying transaction details can empower them to identify and avoid potential scams. Providing clear guidance on reporting suspicious activities and maintaining open communication channels further supports efforts to minimize the impact of fraud on customers and the remittance industry.
What regulatory measures are in place to combat remittance fraud?
Regulatory measures to combat remittance fraud include compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) laws, such as the USA PATRIOT Act and the EU's 5th Anti-Money Laundering Directive. These regulations require remittance companies to implement customer due diligence, transaction monitoring, and suspicious activity reporting. Regulatory bodies also mandate regular audits and risk assessments, ensuring that companies maintain robust systems and procedures to detect, prevent, and respond to fraudulent activities effectively.