Fraud prevention
Fraud services across the value chain, from full card transaction and account monitoring to AI and analytics that identify and stop fraud, case management and investigation.
Payments fraud of all kinds continues to rise. This is especially the case in the digital and mobile payment channels and in new transaction types. To identify and stop fraud, banks and fintechs need to employ coherent, effective end-to-end fraud prevention solutions.
As one of Europe’s leading outsourced service providers to the payments sector, Tietoevry has more than 25 years’ experience serving more than 100 companies across Northern Europe. Tietoevry offers market-leading fraud identification, prevention and case management solutions that can be combined with our card management and ledger systems, or as stand-alone services.
We deliver an over-90% detection rate for existing clients, 24/7, 365 days a year.
Sales Executive
Monitoring
Card Transaction Monitoring 3DS Monitoring Account Fraud Monitoring Token Monitoring
SaaS and Managed service
Whether you need a single component or full BPO, we got you covered. Our platform is delivered as a modular SaaS solution and we offer outsources fraud operations as a managed service.
Reporting and analytics
The data produced by our fraud prevention system is utilized in our reporting platform to compile fraud reports for authorities as well as generating valuable fraud insights in live dashboards.
The entire fraud prevention value chain
Rule engine
Works alongside card transaction monitoring to monitor authorisation and authentication data and flags possible exemptions to escalated authentication, speeding up transactions and maximising authorisations and revenue
Monitoring
Card Transaction Monitoring – stop suspicious transactions and escalate authorisation for higher-risk transactions 3DS Monitoring – optional monitoring of 3DS transactions to prevent social engineering card fraud and enable more frictionless payments Account Fraud Monitoring – real-time analysis of payment initiations that stops fraud before it happens. Token Monitoring – real-time analysis for cards during the tokenization process
Investigation
Case management and reporting, both regulatory reporting and to legal authorities. Tietoevry’s all-in-one platform handles most investigations automatically. Data dashboard enables effective solutions for cases requiring manual attention.
Data insight
Artificial Intelligence (AI) and Machine Learning (ML) combine with advanced analytics across the value chain enabling us to identify and respond to new fraud types as they emerge.
Features
24/7/365 managed service
Fully outsourced operations unit handling activities to detect, stop and prevent financial crime.
Prevent phishing
Our brand new and innovative Risk Engine enriches the monitoring to stop new trends like phishing fraud.
Rule sharing
Fraud discovered for one client will be used to prevent fraud across multiple clients
Frictionless payments
Utilize TRA exemptions to enable frictionless payments for low-risk transactions