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

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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)

Improve Fraud Prevention

Detect community fraud signals faster using data science, machine learning, network intelligence and fraud consultancy experts

Banking Fraud by the Numbers

11%

Identity theft doubled from 6% of fraud in 2019 to 11.6% in 2021.

6.2%

Digital wallet hacking is rising — it increased from 4.4% of fraud in 2019 to 6.2% in 2021.

17.5%

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

Everlink develops fraud detection models in one day

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

Swedbank launches SCA exemptions ahead of PSD2 deadline

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

Stay ahead of fraud trends with fully managed fraud scoring services

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:

Lost/Stolen Card

Fraud that occurs when a criminal uses a lost or stolen card to make a fraudulent purchase or payment

Card-Not-Present/eCommerce

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

Counterfeiting

Fraud that occurs when a criminal creates a fake card using information obtained from a cardholder’s magnetic stripe

Identity Theft

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

Social Engineering

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

Money Laundering

The act of concealing the origins of money obtained through illicit activities by converting it into a legitimate source

Onboarding Fraud

A scam in which attackers target users during new customer onboarding and falsely obtain and exploit individuals’ means of verification

Internal Fraud

When an employee steals customer data and uses it to open up a fraudulent account or when an employee steals customer data and

Merchant Fraud

When a criminal poses as a merchant in order to convince a cardholder to make a payment and steals their information in the process

Check/ Fraud

The unlawful use of checks to illegally obtain funds

Media

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.

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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.

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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.

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Fraud Detection

See how network intelligence is driving unprecedented collaboration in the fight against payments fraud

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The Globally Recognized Leader in Banking Fraud Management

See All ACI Awards and Rankings

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.