Get real-time payments protection across applications, channels and payment types
Fraudsters evolve as fast, if not faster than, payments rails and processes. Business Email Compromise saw a 15% increase in attack frequency quarter over quarter in 2020 alone. And don’t underestimate the vast increases in account-based fraud schemes seen throughout the pandemic, such as credential stuffing and new account fraud.
In this dynamic landscape, every organization needs to assess whether they have the right tools in place to keep pace with emerging fraud threats. But beyond that, organizations need to ensure that those tools are flexible enough for a rapidly changing landscape without taxing already limited investigative and IT resources.
You can’t avoid tuning your fraud and financial crime systems, but you can ensure that all tuning is done to provide the best protection against fraud while limiting the impact on your resources.
Unfortunately, many organizations take a “set it and forget it” approach to their fraud and financial crime solution analytics, too often tuning their system only when a fraud loss occurs. Bottomline provides customers with expert fraud and financial crime analysts to work directly with you to tune our fraud and financial crime solutions.
This approach allows us to tailor our solution to your unique risk tolerance so you only see the most meaningful alerts and feel confident that you’re not missing out on suspicious activity.
Unique, personalized rule tuning improves alert quality by up to 35%
Bottomline Secure Payments for Digital Banking locks out payment fraud while maintaining a positive customer experience by factoring in the risk context for any payment account or transaction. It protects with continuous risk assessment of all customer interaction channels, while providing advanced analytics of user behavior and transaction flows, through advanced machine learning.