Real-Time Fraud Visibility for Remittance Companies

Gain real-time insights to detect fraud swiftly, enhance compliance, and boost operational efficiency in your remittance processes.

Is Your Remittance Service Struggling with These Critical Challenges?

Overcome identity fraud, money laundering, and complex regulations with streamlined compliance, ensuring smoother transactions and protecting your brand.

High Exposure To Identity Fraud

Synthetic IDs and account takeovers target remittance apps’ fast payout rails, creating direct financial losses, brand damage, and costly reimbursements.

Mule Accounts & Money Laundering

Criminals exploit cross-border corridors to wash funds through low-value, high-volume transfers, putting providers at risk of fines and frozen banking lines.

Regulatory Complexity Across Jurisdictions

Keeping pace with KYC, AML, FATF, and OFAC rules in dozens of send/receive countries strains compliance teams and slows market expansion.

Labor-Intensive Compliance Workflows

Manual reviews of onboarding, sanction hits, and alert queues delay payouts, raise operating costs, and frustrate legitimate customers.

Combat Fraud with FraudNet: Advanced Solutions for Security

Effortlessly protect your remittance service by blocking fraud, automating compliance, and mitigating financial risks.

Global Fraud Intelligence

Utilize anonymized global insights to stop emerging fraud without overblocking.

Transaction Monitoring

Scores every transfer in milliseconds, surfacing risky behavior.

Geographic Risk Mapping

Adds geo risk to auto-escalate high-threat corridors.

Mule Detection Models

Flags high-frequency, low-value payout patterns instantly.

Key Capabilities For Remittance companies

AI-Native Real-Time Detection

Experience the power of AI-driven real-time detection: instantly score every transfer to block fraud before funds are sent. Minimize false positives and keep your valued customers happy, while ensuring the security and integrity of your remittance operations.

Unified Case Management

Streamline your compliance operations with FraudNet's unified workspace. By consolidating alerts, evidence, and audit trails, your analysts can resolve cases more efficiently, significantly reducing investigation costs and enhancing your team's productivity. Keep your remittance services secure and cost-effective effortlessly.

Built-In Global Compliance

Stay ahead of regulatory demands with our automated reporting and continuous screening. Effortlessly align with KYC, AML, and OFAC mandates, simplifying audits and speeding up your market expansion. Let us handle compliance so you can focus on growing your remittance business.
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

Speak with our Solutions Expert Today

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FAQs

What is real-time fraud visibility in remittance?

Real-time fraud visibility in remittance refers to the ability to monitor and detect fraudulent activities as they happen during money transfers. This involves using advanced technologies and algorithms to analyze transactions, user behaviors, and patterns instantly, allowing remittance companies to respond swiftly to prevent financial losses and protect their customers.

How does real-time fraud detection benefit remittance companies?

Real-time fraud detection benefits remittance companies by enabling them to quickly identify and mitigate fraudulent transactions. This reduces the risk of financial loss, enhances customer trust, and ensures compliance with regulatory requirements. By swiftly addressing potential threats, companies can maintain the integrity of their services and improve operational efficiency, ultimately leading to a better customer experience.

What technologies are used for real-time fraud detection in remittance?

Real-time fraud detection in remittance often employs a combination of machine learning, artificial intelligence, data analytics, and behavioral analysis. These technologies work together to analyze transaction data, detect anomalies, and identify suspicious patterns indicative of fraudulent activity. By leveraging these advanced tools, remittance companies can enhance their fraud detection capabilities and protect their customers more effectively.

What are common indicators of fraudulent activity in remittance transactions?

Common indicators of fraudulent activity in remittance transactions include unusual transaction volumes or frequencies, discrepancies in sender and receiver information, transactions from high-risk locations, and multiple failed login attempts. By monitoring these and other red flags, remittance companies can identify potentially fraudulent activities and take appropriate measures to prevent financial losses.

How can remittance companies improve their fraud detection systems?

Remittance companies can improve their fraud detection systems by implementing advanced technologies such as AI and machine learning, regularly updating their algorithms to adapt to new fraud tactics, and investing in employee training for better awareness and response. Collaborating with industry partners and sharing insights on emerging threats can also enhance their overall fraud detection capabilities.

What role does customer education play in preventing remittance fraud?

Customer education plays a crucial role in preventing remittance fraud by empowering users with knowledge about potential threats and safe practices. Educating customers about recognizing phishing attempts, securing their accounts, and verifying transaction details can help reduce the risk of fraud. By promoting awareness and vigilance, remittance companies can foster a more secure environment for their customers.