Manage Fraud to
Minimize Losses and Avoid Fines
Financial crimes against banks and financial institutions have escalated due to the advancement of technology. Internal and external threats cause havoc to operations and massive financial losses to customers. Using outdated fraud prevention methods and legacy systems to discover and investigate these financial crimes can fail to prevent and remediate issues efficiently, as banks may experience higher regulatory fines and penalties.
Sumerge’s Counter Fraud Management Solution offers real-time, customer-centric fraud prevention. This banking fraud solution is simple to configure and execute, allowing it to be set up within minutes, as it uses intelligent analytical detection engines to create highly predictive models. These models can then be used to recognize and prevent future fraud.
Banks Fraud Solution Benefits
Tailored and customizable fraud detection rules used to find anomalies within customer transactional data.
-
Minimizes financial losses
by matching transactional data against customer banking history profiles to detect fraud in real time.
-
Provides banking management increased visibility
during fraud investigations as well as auditing transparency and traceability.
-
Handles large volumes of data at high speeds
from various data sources while storing relevant data in memory for low latency responses.
-
Fully integrateable
with any core banking and payments system to allow for detection, investigation and prevention of different types of fraud.
-
Detects new unusual behavior
by correlating and identifying patterns within transactional data, historical data and customer behavior while updating and refining fraud rules, allowing immediate action to be taken.
Real-Time Analytics Features to Reduce Fraud
Counter Fraud Management Solution from Sumerge provides employees with vital tools to conduct and report on fraud-related transactions.
Alerts
Out-of-the-box alert scenarios for accurate use
Workflow Automation
Develop rich profiles with audited work flow and case management
Testing Tools
Scenario testing tools for fast and easy validation
Pre-defined Reports
Pre-defined report creation for investigations and performance documents
Real-Time Integration
Batch data integration with core banking and payments infrastructures
What our customers say
Sumerge is one of the best companies I have dealt with. The team is very professional, respectful, punctual and committed to delivering the contracted project on time
Sahar Salah,
Vice President, Head of IT, Bank ABCSumerge helped us to seamlessly implement a daily vouchers solution where the team provided an exceptional effort to solve any migration issues and finish the implementation with zero data loss or security issues
Shaarawy Mohamed,
IT Infrastructure services Manager, FABWe used Sumerge’s consultancy and experience to implement our Self-Service Portal as they are the best team in the region to implement and use IBM Technology
Ahmed Abd El Hady,
IT Division Manager, TE-DataThankfully with Sumerge’s ECM solution we now rely on our electronic documents and moved our physical collateral documents to a safe fireproof warehouse, as we no longer need the documents onsite anymore
Tamer Emam,
Head of IT, EMRCWith Sumerge we seamlessly implemented automation for our loan appraisal process along with enterprise content management which empowered us to help more citizens find affordable housing more quickly
