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SmartSoft Solutions Fraud Prevention
Our client relationships and years of experience in the international financial sector have allowed us to tackle the most significant problems found in fraud prevention departments. Our clients’ most common concerns include:
- I must comply with the latest standards set by the card brands such as advanced authorization message, the 0620 or PCI certification.
- My clients’ security is priority, yet it’s becoming increasingly difficult to guarantee it.
- When I detect fraud, all I can do is a post-mortem analysis.
- I can't block my client’s cards due to mere suspicion, since that could affect business.
- Specialization of organized crime is growing.
With these concerns in mind, and through monitoring multiple products and channels, applying artificial intelligence-based technologies such as expert systems, neural networks and decision trees, and detecting and monitoring fraud cases in real time, we help our clients further prevent net loss caused by fraud, all without affecting the efficiency and profitability of the card business. These efforts have led to documented reductions in fraud by up to 85%.
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