Is Your Remittance Firm Struggling with These Critical Challenges?
Identify and mitigate risks effectively to protect your brand, streamline compliance, and ensure smooth cross-border transactions.
Agent & Partner Risk Exposure
Remittance firms depend on thousands of agents; one fraudulent partner can trigger fines, license loss, and brand damage across multiple payout corridors.
Cross-Border AML/KYB Complexity
Each jurisdiction sets different KYB, sanctions, and document rules, forcing teams to juggle data sources, renewal dates, and audits—slowing expansion.
Money Muling via Agent Networks
Fraudsters push many low-value transfers through trusted agents to mask illicit funds, defeating static rules and exposing you to laundering charges.
High False Positive Rates
Rigid thresholds flag legitimate migrant payouts, delaying funds, frustrating customers, and swelling manual review queues that drain operating budgets.
Elevate Security with FraudNet's Advanced Solutions
Streamline compliance and fraud prevention, safeguarding your remittance firm from costly risks and delays.
Data Hub Integration
Merge internal, sanctions, and device data for 360° partner visibility.
Policy Monitoring for Agents & Partners
Auto-track volume, chargeback, and return limits in real time.
Anomaly Detection for Agent Behavior
Surface unusual send/receive patterns before losses escalate.
Entity Screening for KYB
Ongoing PEP, sanctions, adverse media checks at onboarding and beyond.
Enhanced Compliance Efficiency
Streamline compliance with FraudNet's automated KYB workflows, reducing manual review time by 30%. This efficiency allows your team to prioritize expanding payout corridors, enhancing your market presence, and driving growth, all while minimizing the burden of paperwork.
Improved Fraud Detection
FraudNet's AI-driven monitoring slashes mule-related fraud by 25%, safeguarding your licenses and nurturing customer trust across all payout regions. Enhance your compliance measures while ensuring seamless transactions, securing your brand's reputation and fostering customer loyalty worldwide.
Faster Risk Analysis
With FraudNet’s real-time dashboards, stay ahead of regulatory challenges by receiving instant alerts on high-risk agents. Act swiftly to suspend or remediate issues within hours, ensuring compliance and safeguarding your business from costly fines and reputational harm.
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 merchant risk reduction?
Remittance merchant risk reduction involves implementing strategies and tools to mitigate risks associated with money transfer services. This includes addressing potential fraud, money laundering, regulatory compliance issues, and operational risks to ensure safe and efficient transactions.
Why is risk reduction important for remittance merchants?
Risk reduction is crucial for remittance merchants to protect their business from financial losses, regulatory penalties, and reputational damage. By minimizing risks, they can ensure secure transactions, build customer trust, and maintain compliance with legal and regulatory requirements.
What are common risks faced by remittance merchants?
Common risks include fraud, money laundering, compliance violations, cybersecurity threats, and operational inefficiencies. These risks can lead to financial losses, legal issues, and damage to the merchant's reputation if not properly managed.
How can remittance merchants reduce fraud risk?
Merchants can reduce fraud risk by implementing robust identity verification processes, using advanced fraud detection software, conducting regular transaction monitoring, and maintaining up-to-date security protocols to protect customer data.
What role does compliance play in risk reduction?
Compliance is critical in risk reduction as it ensures remittance merchants adhere to legal and regulatory standards, such as anti-money laundering (AML) and know your customer (KYC) requirements. This reduces the risk of legal penalties and enhances the overall security of transactions.
How can technology aid in remittance merchant risk reduction?
Technology aids risk reduction by providing tools for real-time transaction monitoring, fraud detection, identity verification, and data security. Advanced analytics and machine learning can help identify unusual patterns and potential threats, allowing merchants to respond swiftly and effectively.