Cyber fraud is projected to reach $6 trillion by 2021. Traditional methods and rule-based solutions are reactive and do not cope with the emerging fraud types. What is needed is a proactive solution that efficiently manages fraud and unlocks new fraud types.
NG|Screener is an enterprise risk platform that detects banking fraud before it happens. Using advanced behavioral analytics and machine learning, it detects atypical actions and raises alerts or blocks a transaction in real time, stopping the fraud, protecting customers and avoiding hefty fines.
Banks using NG|Screener achieved up to 83% reduction in false positives, saved up to 93% of the time lost in fraud investigation, and prevented new fraud cases.
NG|Screener provides modules for internal fraud, eBanking fraud, mBanking fraud, payment fraud, and SWIFT fraud prevention.