Are You Struggling with These Critical Agent and Partner Risks?
Safeguard your business by addressing key risks, ensuring compliance, reducing fraud, and protecting your reputation.
Agent & Partner Risk Exposure
Your business relies on hundreds of third-party agents; one fraudulent partner can trigger fines, frozen corridors, and lasting reputational damage.
Cross-Border AML / KYB Complexity
Keeping every agent compliant with divergent global KYC, sanctions, and reporting rules strains teams and invites costly regulatory gaps.
Money Muling via Agent Networks
Fraudsters route low-value, high-frequency transfers through legitimate agents, masking illicit flows and raising potential prosecution risk.
High False-Positive Rates
Static, corridor-wide rules flag too many good transfers, driving up manual reviews, agent friction, and abandoned remittances.
Transform Risk Management with FraudNet's Innovative Solutions
Streamline compliance and enhance security to safeguard your remittance business from agent-related risks.
Data Hub Integration
Unify transaction, KYB, AML, and device data for holistic partner scoring.
Policy Monitoring for Agents
Track volume, refund, and chargeback limits in real time.
Agent Anomaly Detection
Spot sudden spikes or atypical patterns that suggest mule use.
Continuous Entity Screening
Automate sanctions, PEP, and adverse-media checks at scale.
Enhanced Compliance Efficiency
Streamline your compliance processes with FraudNet. By automating KYB updates and regulatory reporting, you can reduce manual review time by up to 60%, allowing your team to focus on expanding your business rather than getting bogged down in paperwork.
AI-Native Fraud Detection
Our AI-driven fraud detection adapts to corridor-specific norms, dramatically cutting down false positives. By surfacing hidden mule activities, we streamline your compliance efforts and enhance security, allowing your team to focus on growing your remittance business without unnecessary disruptions.
Lower Operating Costs
Streamline your operations with unified dashboards and automated case workflows. By minimizing investigation costs, you can allocate resources more efficiently, empowering your team to focus on business growth and enhancing customer experiences. Elevate operational efficiency and drive your remittance company forward with ease.
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 scoring?
Remittance merchant risk scoring is a process used to evaluate the potential risk associated with a remittance merchant. It involves analyzing various factors, such as transaction history, business model, and compliance with regulations, to assess the likelihood of fraudulent activities or financial instability. This scoring helps financial institutions and payment processors make informed decisions about partnering with or providing services to remittance merchants.
Why is risk scoring important for remittance merchants?
Risk scoring is crucial for remittance merchants as it helps identify potential threats and vulnerabilities. By understanding the risk profile of a merchant, financial institutions can implement appropriate measures to mitigate risks, ensure compliance with regulatory requirements, and protect themselves from financial losses. Additionally, it can enhance trust and confidence among customers and partners, leading to more stable and secure business operations.
What factors are considered in remittance merchant risk scoring?
Several factors are considered in remittance merchant risk scoring, including the merchant's transaction volume, historical transaction patterns, geographic locations served, customer demographics, and adherence to anti-money laundering (AML) and know your customer (KYC) regulations. Other factors might include the merchant's financial health, reputation, and any previous incidences of fraud or regulatory violations, which collectively help in determining the overall risk level.
How can remittance merchants improve their risk score?
Remittance merchants can improve their risk score by implementing robust compliance programs that adhere to AML and KYC regulations. They can also use advanced fraud detection and prevention tools, regularly audit and update their security measures, and maintain transparent and accurate transaction records. Building a strong reputation through excellent customer service and promptly addressing any issues or complaints can also positively impact their risk score.
What are the consequences of a high-risk score for remittance merchants?
A high-risk score can lead to several negative consequences for remittance merchants, including increased scrutiny from regulators and financial institutions. They may face higher fees, restrictions on services, or even termination of business relationships with banks and payment processors. Additionally, a high-risk score can damage the merchant's reputation, leading to a loss of customer trust and potentially reducing business opportunities.
How often should remittance merchant risk scoring be conducted?
The frequency of risk scoring for remittance merchants depends on the institution's risk management policies and regulatory requirements. Generally, it is advisable to conduct risk assessments regularly, such as annually or semi-annually, to ensure ongoing compliance and risk mitigation. However, if there are significant changes in the merchant's business operations, transaction patterns, or regulatory environment, more frequent assessments may be necessary to address any emerging risks promptly.