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| Protect your financial institution
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Do you know the real identity of key players within and outside of your organization? Can you determine obvious and hidden relationships between questionable characters? If you are looking for a cost-effective way to reduce fraudulent activity within your organization, we can help reduce your risk with the comprehensive IBM Threat and Fraud Intelligence.
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| Rely on proven industry leaders
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IBM Threat and Fraud Intelligence is used around the world by financial institutions to provide an extensible, reusable platform for understanding the true identity of key assets.
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Extensive financial services expertise—we have amassed over 100 years of research and development of solutions for financial institutions around the world.
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More than 7,000 consultants in 160 countries dedicated to the financial services industry.
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Proven client successes in operational risk reduction and management, including enabling clients to meet compliance obligations under Basel II, Sarbanes-Oxley, Patriot Act, Fair and Accurate Credit Transactions Act (FACTA) and other regulations.
In addition, IBM Executive Briefing and Competency Centers assist financial market, banking and insurance organizations with on demand solutions that transform your operations. At these centers, participants come from around the world to take advantage of IBM's broad industry knowledge, financial expertise as well as our reliable, scalable and resilient product solutions.
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| A comprehensive risk management solution
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Fraud represents a significant financial risk and a serious threat to your reputation, but protecting an organization against fraud is challenging. Individuals who perform fraudulent activities are continually developing new tactics in order to evade detection. In an increasingly electronic marketplace, these problems are compounded.
IBM Threat and Fraud Intelligence is designed to help you prevent fraud through comprehensive systems that: -
Generate adaptive profiles of each employee and customer, enabling you to define typical behaviors and continually refine that profile.
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Flag unusual activities detected by employees and customer transactions in near real time, so you can act before fraud takes place.
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Monitor for check, payment, account, ATM deposit, debit or credit card fraud around the globe.
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Close accounts and provide detailed information about suspicious activity.
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| One of many successful implementations
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West LB is a global wholesale bank, headquartered in Düsseldorf, Germany, with over 6,200 employees in 15 locations across Europe, Asia and the Americas. They wanted to: -
Realize business value from their anti-money laundering (AML) compliance initiatives, rather than just meet minimum requirements.
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Improve risk management by better understanding their clients and potential clients.
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Understand more about clients before granting loans or processing large payments.
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Assure compliance with AML and anti-terrorist funding (ATF) requirements, including defining risk factors.
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Understand names from many languages around the globe.
West LB implemented the global name recognition capabilities in IBM Threat and Fraud Intelligence to check the names of current or potential customers in their AML and ATF environments, including post-transaction analysis of cross-border transactions. What previously required 3 fraud analysts about 12 hours per day to analyze, before the IBM solution, became a job done in about 10 minutes per day after the IBM solution.
The project proved so successful, in fact, that West LB was able to offer their capabilities as a service to regional savings banks, thus further improving their business value from IBM Threat and Fraud Intelligence.
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| Avoid risk while cutting costs
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IBM Threat and Fraud Intelligence is designed to provide a return on investment by: -
Preventing risk of fraud by employees, customers, partners, vendors and collusion.
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Eliminating manual transaction monitoring, to help save administrative costs.
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Enabling you to “know” your customers despite deliberate efforts to confuse.
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Allowing you to detect relationships among customers, employees and other agents, to identify collusive fraudulent behaviors.
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Recording and replaying user activities, to compare against defined business rules and emerging new rules.
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Questions about this solution? Contact an IBM financial services specialist.
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