Enterprises lose billions of dollars a year due to fraud. Bogus payments, money laundering, loyalty program fraud and cyber security incidents, just to name a few. Enterprises have explored a wide variety of ways to combat fraud, including hiring additional staff which has proven ineffective. It’s time-consuming, and nearly impossible to investigate every claim. The perpetrators of fraud are highly sophisticated, and their techniques evolve quickly, often making solutions obsolete just as soon as they’re implemented.
Comarch Fraud Protection software significantly increases the efficiency of suspicious event detection compared to rule-based methods. The solution is based on machine learning, which is a state-of-the-art approach where Artificial Intelligence (AI) is used for creating models that, based on historical data, can determine the occurrence of suspicious events with high accuracy.
Our fraud detection software recognizes relationships and similarities between data and can detect anomalies – events that do not conform to an expected pattern in a data set.
Once an anomaly is detected, immediate action can be taken to prevent fraudulent activities. Our software works in real-time.
You can easily analyze fraudulent events, extract insights, and improve your security. Reporting modules allow for an effective investigation of abusive activities. Our AI is transparent and generates explanations for its decisions.
Enterprises and government institutions lose billions of dollars due to fraud. By implementing Comarch's fraud protection software, you can expect measurable benefits - significantly reduced losses due to our state-of-the-art fraud detection and prevention approach.
Streamlining tasks creates the ability to achieve more in less time. Automated anti-fraud workflow makes your employees more productive by removing the burden of performing routine tasks, reducing the total time it takes to analyze the fraud, and allows employees to focus on more demanding and complex challenges.
The impact of fraud on the organization’s reputation is undoubtedly negative and can expose the company to astronomical costs. Our solution decreases this risk with its holistic view of various types of fraudulent activity.
Proactive fraud prevention
Reduced manual review workload
For many years, the use of rule-based information systems has been a sufficient, though not too effective, approach to detecting various types of fraud. However, fraudsters eventually began to use more advanced methods that beat rule systems. To effectively prevent and detect fraud, it is no longer enough to apply a set of rules. Artificial intelligence comes to the rescue. Using historical data and machine learning, you can search for unusual events, detect anomalies incomparably more efficiently. What's more, over time and with changing patterns of digital crime, the Comarch Fraud Protection system can learn new user behaviors on an ongoing basis. In this way, enterprises can try to foresee the intentions of fraudsters.
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Everything you would like to know about Comarch Fraud Protection software in short.
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