Fraud Prevention

Real-Time Fraud Prevention

en.SafeWatch Anti-Fraud provides accurate, real-time credit card, wire and Internet fraud detection and prevention to protect your financial institution against fraud losses.

en.SafeWatch Anti-Fraud is seamlessly integrated with EastNets top ranking anti-money laundering (AML) solutions used today by over 400 financial institutions and corporates in 80 countries. This integrated compliance framework enables financial institutions to aggregate data and processes across fraud and AML silos to improve business insight and streamline operational efficiencies.

Key Capabilities

• Real-time cross-channel fraud blocking 
• Dynamic dashboard for a real-time view of risk
• Flexible and easily configurable fraud scenarios
• Risk based approach and assessments per product, channel and customer
• Advanced detection workflow and case management
• Rapid implementation and return-on-investment
• Fully-integrated environment for AML and fraud

Block Transactions in Real Time

EastNets en.SafeWatch Anti-Fraud solution has the ability to perform real time blocking actions, offering both issuers, acquirers and third party processors the ability to stop fraud immediately.

Easily Add or Change Your Fraud Scenarios

The ease of editing parameters and scenarios, that are based on analyzing fraudulent behavior, provide users with a significant advantage in ease of use, flexibility and cost savings through minimized external consultancy services. 

Dynamic Dashboard

The dynamically populating dashboard immediately shows the end user where eminent problems are occurring saving time and preventing any eventual losses.

Adapts to Your Processes and Data

As with EastNets watchlist filtering and customer profiling solutions, en.SafeWatch Anti-Fraud offers multiple data source connectors to easily adapt to a financial institution’s specific business processes including:

• File Connector
  Scans transactions stored in data / transaction files irrespective of their size and formats. It ensures quick and powerful scanning by offering optimizations like parallel scanning, which allows multiple scan processes and batch checking. The flexible configuration of this connector allows en.SafeWatch Fraud to work with almost any file format imaginable.
• MQ-Series
  Provides transaction screening facilities to MQ-compatible external systems, such as core banking or middleware applications. This module uses IBM MQ-Series middleware to enable communication between the external system and the en.SafeWatch Server.
• Web Services
  Provides transaction screening facilities by means of Web Services to integrate and communicate with external systems, such as core banking or middleware applications.
  

“Convergence toward a unified framework for both compliance and fraud systems, by combining processes and technologies, creates an opportunity for financial institutions to benefit from improved risk control, reduced complexity and a more cost-effective enterprise risk and compliance environment. With EastNets’ proven experience and significant global customer base for its real time watchlist filtering and anti-money laundering solutions, the addition of a fraud offering takes EastNets to the next level to help financial institutions effectively manage risk and compliance across their enterprise.”

Neil Katkov, Senior Vice President of Celent's Asia Research Group