PRO-FD Fraud Prevention

Do you analyze your data and information to detect possible fraud?

Do you have an established process to detect a “black sheep”?

Do you have a structured process to detect internal and external fraud?

PRO-FD Fraud Prevention

Effective solution to prevent fraud

Fraud and market infringements can occur in various forms. The Prospero predictive analytics platform DetectX® for detecting suspicious constellations includes not only rigid filters but also soft, adaptive methods based on pattern recognition. In the absence of known fraud cases, in addition to supervised learning, unsupervised procedures, special clustering, peer group and link analysis are used.

The automated optimization of filters and models allow for a continuous learning process, resulting in maximized recognition rates and minimized false detections. The recognitio models adapt in real time to changed behavior of fraudsters. The impact of new scenarios can be tested in the simulation module.

The integrated management of filter and models and the user friendly workflow for the alert investigation provide efficient and effective work in the compliance. PRO-FD Fraud Prevention can be easily integrated into existing environments.

Key features of PRO-FD Fraud Prevention

  • Can be applied in various processes and business scenarios
  • Early detection of fraud
  • Maximized detection rates while minimizing false detection
  • Real-time monitoring of large amounts of data
  •  Integrated feedback learning with in-memory technology for ongoing improvement of recognition quality
  • Case Management and workflow for analysis, investigation and documentation of identified suspected fraud cases

Regulatory requirements and compliance

The products assure compliance with numerous national and international regulatory requirements and standards.

  • In the area of Anti Money Laundering (AML), Fraud Detection and Prevention the products support the internationally recognized and accepted GAFI / FATF recommendations as well as the fulfilment of the regulatory requirements of the Swiss GwG, FINMA-GwV, VsB 16 and KAG on a very high-quality level.
  • The solutions base on precise analytics and support the user in the fulfilment of the MiFID /EMIR requirements as well as the Swiss FinfraG, FidleG, BEHG, KAG and KKG acts, laws and regulations in the areas of risk based customer analysis, product suitability rule and exception handling, market transparency and cross border.
  • The products also support the qualitative and quantitative regulatory requirements in the areas of BASEL II/III, CRR and CRD IV minimal regulatory capital calculation, liquidity risk analysis (LCR / NSFR), static and dynamic stress testing and simulations, collateral optimization and many others

Benefits

  • Maximized detection rates while minimizing false detection
  • Reduction of fraud and losses
  • High process security
  • Minimization of reputational risk