ACI Fraud Management for Banking
Fraud Management Driven by Machine Learning
Turn banking fraud detection and prevention into a competitive differentiator with a secure and seamless enterprise-wide fraud analytics solution
Accelerate Speed to Market
Rapidly deploy new bank fraud detection and prevention strategies using Microsoft Azure marketplace
Revenue in Compliance
Stay ahead of changing fraud regulations and exemptions while providing a differentiated customer experience using transaction risk analysis (TRA)
Banking Fraud by the Numbers
Identity theft doubled from 6% of fraud in 2019 to 11.6% in 2021.
Digital wallet hacking is rising — it increased from 4.4% of fraud in 2019 to 6.2% in 2021.
Card details stolen online continues to be a top fraud type, coming in at 17.5% in 2021.
Prevent Fraud at the Speed of Business
Financial institutions must stay ahead of fraudsters and the competition to retain customers and grow revenues. Bring the power of data science and AI into the hands of your fraud team.
- Set up your production environment in minutes through Microsoft Azure Marketplace
- Create machine learning models and push to production in just hours with ACI’s model generator
- Automate model creation through ACI’s fraud scoring services
- Share and receive fraud risk signals with a community of fraud fighters via network intelligence
Balance Compliance and Customer Experience
Deliver bank fraud detection and prevention across all digital channels and payments in combination with seamless payment experiences.
- Maintain compliance with 3DS regulations for online and CNP transactions
- Comply with anti-money laundering (AML) regulations and manage watch list restrictions
- Leverage transaction risk analysis and integrate with your access control server to successfully apply exemptions
Reduce Fraud Losses and Improve Bank Fraud Detection Rates
Enterprise fraud prevention is essential to ensure customers are protected across all digital channels and payment types.
- Prevent all types of payments fraud including real-time, card, check, ACH, digital and online fraud, internal and anti-money laundering (AML)
- Gain behavioral biometrics, real-time alerting and more with ACI’s fraud ecosystem partners
- Combat account takeover fraud and prevent financial crimes across all digital channels
- Leverage new network intelligence technologies from ACI for effective collaboration
What Is Banking Fraud Analytics?
Banking fraud analytics are an integral component of any fraud management strategy, especially when used in conjunction with machine learning models, network intelligence, automation and advanced solutions like ACI Fraud Management for Banking. It uses advanced data science techniques, including forensic and statistical analysis, pattern recognition and anomaly detection to predict fraudulent behavior.
Common Forms of Financial Fraud
Financial fraud is a pervasive issue in the banking sector and can take many forms, including:
Fraud that occurs when a criminal uses a lost or stolen card to make a fraudulent purchase or payment
A scam in which a criminal uses a cardholder’s compromised card information to make a fraudulent transaction over the internet, over the phone or via mail order
Fraud that occurs when a criminal creates a fake card using information obtained from a cardholder’s magnetic stripe
The acquisition and fraudulent use of an individual’s private identifying information to gain access to funds or to commit crimes
Card Not Received
Fraud that occurs when a card is stolen while in transit between the card issuer and genuine cardholder
Other Forms of Fraud
Authorized Push Payment Scam
When a criminal convinces a cardholder to authorize a payment under false pretenses, often by impersonating someone from a trusted institution, such as their bank
Any attack that relies on psychological manipulation to get cardholders to share sensitive payment details. Examples of social engineering attacks include phishing, spear phishing, scareware, pretexting and baiting.
Remote/Digital Banking Fraud
A cybercrime in which a criminal gains access to an individual’s bank account using one of three remote banking channels — online banking, telephone banking or mobile banking — and makes an unauthorized transfer of funds out of the account
The act of concealing the origins of money obtained through illicit activities by converting it into a legitimate source
A scam in which attackers target users during new customer onboarding and falsely obtain and exploit individuals’ means of verification
When an employee steals customer data and uses it to open up a fraudulent account or when an employee steals customer data and
When a criminal poses as a merchant in order to convince a cardholder to make a payment and steals their information in the process
The unlawful use of checks to illegally obtain funds
Transform Banking Fraud Management
Fight Real-Time Payments Fraud in Three Simple Steps
The world has gone digital and operates in real-time —payments fraud is no different. When fighting fraud, speed is of the essence.
Fraud Trends in Real-Time Payments
Where payments move freely, fraud moves fast. As banks launch new products for more payments to be made at ease in real time, they must be ready to fight fraud from day one.
Fight Payments Fraud in a World Where Change Is Permanent
Increase fraud detection with fully managed fraud scoring services. Learn everything you need to know about the new, effortless AI driving 75% reductions in fraud losses.
See how network intelligence is driving unprecedented collaboration in the fight against payments fraud
The Globally Recognized Leader in Banking Fraud Management
Best Risk Management Solutions Provider
In recognition of our enterprise fraud prevention capabilities, ACI Worldwide was awarded “Best Risk Management Solution Provider 2021” by MEA Finance.
A Leader in Enterprise Fraud Management
ACI Worldwide was recognized as one of the top technology leaders in Quadrant Knowledge Solutions’ 2021 SPARK Matrix analysis of the enterprise fraud management market.
Safe and Secure
ACI Worldwide has a wide range of fraud prevention capabilities that enable banks to achieve industry-leading performance.
Real-Time Payments Fraud Prevention
End-to-end, real-time enterprise fraud management featuring multilayered fraud prevention
Proprietary technology that enables banks, processors, acquirers and networks to securely share and consume industry-wide fraud signals to feed their machine learning models
Strong, advanced AML compliance framework to maintain compliance with international and domestic regulations
Fraud Scoring Services
Effortlessly stay ahead of real-time fraud with a fully managed, automated fraud scoring service driven by ACI’s patented incremental learning capabilities deployed in the Microsoft Azure public cloud
ACI Case Manager
End-to-end case management for fraud investigations and resolutions.
Strong Customer Authentication
Complete fraud management solution that delivers full SCA compliance with value-added capabilities to enable your exemptions strategy
Advanced technology specifically designed for rapid deployment and ease of use by business users to accelerate the benefits of machine learning
Fraud Management in the Cloud
Gain greater control of your fraud strategy with a cloud-based, fully managed fraud management solution