Preventing and mitigating financial crime risks within organizations.
Financial crime encompasses a range of illegal activities such as money laundering, fraud, corruption, and terrorist financing. Organizations must establish robust tools and processes to detect, prevent, and respond to these risks effectively. This involves deploying advanced analytics and machine learning algorithms to analyze transactions, customer behavior, and other financial activities. Additionally, staying compliant with various local and international regulations is essential to avoid severe financial penalties and reputational damage. Financial crime prevention is an ongoing effort that requires constant vigilance, effective internal controls, employee training, and partnerships with external agencies and law enforcement.Explore the vendors and technologies available in the Financial Crime category here on RiskTechRadar.
DataVisor's Account Onboarding solution ensures secure and seamless onboarding processes by identifying fraudulent or high-risk accounts during registration. The platform analyzes user behavior, device intelligence, and global threat intelligence to flag anomalies and suspicious activity in real-tim...
Featurespace's Application Fraud Prevention solution protects businesses from fraudulent account creation and application attempts. By leveraging behavioral analytics and machine learning, the platform detects anomalies in application data and user behavior, flagging suspicious activities in real-ti...
Sardine's Bank Account Validation solution provides real-time verification of bank account details to mitigate risks associated with payment fraud and invalid transactions. By analyzing account data and transaction history, the platform ensures that payments are processed securely and accurately.
Bolt's Checkout Experience is a seamless and secure platform designed to optimize the online shopping process, delivering faster and more intuitive checkouts for customers. The solution simplifies the payment journey by offering a unified, frictionless interface that supports multiple payment method...
Bridger Insight by LexisNexis Risk Solutions is a comprehensive compliance, risk mitigation, and due diligence platform designed to help organizations meet their regulatory obligations while minimizing operational complexities. Primarily serving financial institutions, insurance companies, and other...
Sardine's Case Management module offers a centralized platform for tracking and managing fraud cases, thereby improving efficiency and ensuring compliance for financial institutions. The module enables the consolidation of case information, including incident details, evidence, and communication log...
Kharon's ClearView solution provides businesses with comprehensive insights into global regulatory risks, including sanctions and financial crime threats. By leveraging proprietary data and advanced analytics, ClearView delivers actionable intelligence to support compliance and risk management effor...
Fenergo's Client Onboarding solution delivers faster, more efficient KYC and onboarding processes, enhancing the client experience. It streamlines data collection and verification, ensuring compliance with regulatory requirements while reducing onboarding times. The solution integrates with existing...
Collect by LexisNexis Risk Solutions is an advanced data aggregation and analytics platform designed to help organizations gather and analyze large datasets for compliance, risk management, and business intelligence purposes. By integrating data from multiple sources, Collect delivers actionable ins...
Quantexa's Decision Intelligence platform enables organizations to make informed, data-driven decisions by uncovering hidden insights within their data. Leveraging advanced artificial intelligence and machine learning algorithms, the platform integrates disparate data sources to create a single, uni...
Sardine's Device and Behavior solution provides advanced fraud prevention capabilities by analyzing device fingerprints and user behavior patterns in real-time. The platform identifies anomalies indicative of fraudulent activities, such as device spoofing, account takeovers, and unauthorized access ...
Effectiv's Platform is a comprehensive fraud prevention and compliance solution designed to protect businesses from evolving threats while streamlining operations. The platform combines advanced machine learning with rule-based logic to detect and mitigate risks across multiple channels, including a...
Elliptic Discovery is a due diligence solution designed to help financial institutions, cryptocurrency businesses, and regulators confidently evaluate and manage risk associated with Virtual Asset Service Providers (VASPs) and other crypto entities. By leveraging a comprehensive on-chain dataset, El...
Elliptic Navigator is an advanced crypto transaction monitoring solution designed to detect and prevent illicit activity across the blockchain ecosystem. Built for scalability, it enables businesses, financial institutions, and regulators to monitor cryptocurrency transactions in real-time and at sc...
Enterprise Real Time by Alertspeed.ai is a robust, real-time financial crime and fraud detection platform for large-scale financial institutions. This solution leverages the company's patented AI and machine learning technologies to provide instant risk assessments and transaction monitoring across ...
Eye4Fraud's CardSafe solution provides advanced protection against card fraud, leveraging machine learning and behavioral analytics to detect and prevent unauthorized transactions. The platform monitors card activity in real-time, identifying anomalies and blocking suspicious transactions before the...
The FICO® Card Alert Service provides early warnings of payment card fraud by analyzing transaction data to detect suspicious patterns. This service helps financial institutions respond swiftly to potential fraud, minimizing losses and enhancing cardholder trust....
FICO® Falcon Compromise Manager is a solution that identifies and mitigates payment card data compromises. It uses advanced analytics to detect patterns indicative of data breaches, enabling issuers to take proactive measures to prevent fraud and protect cardholders....
FICO® Falcon Fraud Manager is a comprehensive fraud detection and prevention solution that utilizes advanced analytics and machine learning to identify potentially fraudulent activities in real-time. It helps financial institutions protect against various types of fraud across multiple channels, enh...
Dow Jones Financial Crime Compliance provides tools and data to assist organizations in combating financial crime. It includes watchlist screening, adverse media monitoring, and enhanced due diligence capabilities to identify and mitigate risks related to money laundering, terrorist financing, and o...
ComplyAdvantage's Financial Crime Risk Intelligence solution equips organizations with actionable insights to identify and mitigate risks associated with financial crime. This platform aggregates data from global sanctions lists, PEP databases, adverse media sources, and other risk indicators to pro...
Fraud.net's AI Risk Platform is a comprehensive solution for detecting and mitigating fraud across various industries. The platform combines advanced artificial intelligence, behavioral analytics, and global threat intelligence to identify anomalies and suspicious activities in real-time. ...
GeoComply GeoGuard is a VPN and proxy detection solution that identifies and blocks users attempting to spoof their location using anonymizers. With a database of over 310 million IP addresses, GeoGuard detects various forms of IP masking, including VPNs, proxies, and Tor exit nodes. It helps busine...
Moody's Investigation Tool, launched in November 2024, is a cutting-edge platform designed to streamline investigation workflows, improve risk management, and enhance due diligence processes. By automating and centralizing investigation tasks, the tool enables investigators to collect, analyze, and ...
Kharon Core is Kharon's primary offering and platform, designed to help organizations navigate and mitigate complex compliance and security challenges. At its core, the platform uses a proprietary Dynamic Exposure Scoring methodology to identify and quantify exposure to various risks. By providing c...
LexisNexis RiskView is a powerful risk assessment solution that provides deep insights into individual and business risk profiles by combining data from multiple sources, including credit, public records, and alternative data. The platform helps organizations make informed decisions in areas such as...
Featurespace's Merchant Acquiring Fraud Prevention solution protects payment acquirers from evolving fraud threats. Leveraging machine learning and real-time analytics, the platform monitors transactions and merchant activities to detect anomalies and flag high-risk behaviors. This solution ensures ...
Sardine's Merchant Acquiring OS is a comprehensive platform designed to facilitate secure and efficient merchant onboarding and transaction processing. It integrates advanced fraud detection and risk management tools to ensure compliance with regulatory requirements and to protect against financial ...
Moody's Maxsight™ is an upcoming unified risk platform designed to revolutionize risk management for organizations. As of December 2024, the platform is set to be launched soon, and aims to consolidate thousands of data points to provide a holistic view of risk across various dimensions. ...
NICE Actimize AML Platform is a comprehensive solution for detecting, preventing, and reporting money laundering activities. Leveraging advanced analytics, machine learning, and behavioural modelling, the platform can monitor transactions in real-time, identifying suspicious patterns and ensuring co...
The Oscilar Platform is an AI-driven risk decisioning solution designed to help financial institutions manage onboarding, fraud, credit, and compliance risks. It offers a no-code, natural language interface, enabling risk teams to operate autonomously, increase approval rates, and reduce fraud. The ...
DataVisor's Promotions and Policy Abuse solution helps organizations detect and prevent misuse of promotional offers and policies. The platform identifies fraudulent activities such as coupon stacking, fake account usage, and referral abuse by analyzing user behavior and transaction data. ...
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RiskShield by INFORM is a real-time fraud detection and prevention solution tailored for financial institutions and insurance companies. It employs advanced analytics and machine learning algorithms to identify suspicious activities across various channels, including payments, claims, and account op...
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SAS Viya is an open, cloud-native AI and analytics platform that provides a comprehensive suite of tools for data management, analytics, and machine learning. It enables organizations to process and analyze large volumes of data, develop predictive models, and deploy analytics solutions at scale. SA...
Sensa Investigation Hub by SymphonyAI is a generative AI-powered, enterprise-wide solution for anti-money laundering (AML) and financial crime investigations. It centralizes financial crime risk across business units, offering an entity-centric view that enhances investigator efficiency by 70%. Dete...
Shell Company Indicator by Moody's is a tool designed to detect and assess the risk associated with shell companies. By analyzing various data points and corporate structures, it identifies entities with minimal operational presence that may pose financial crime risks. This indicator aids compliance...
Sardine's Sponsor Bank OS is a comprehensive platform designed to streamline sponsor banking operations and ensure compliance with regulatory requirements. The solution offers advanced tools for transaction monitoring, customer screening, and risk assessment, enabling sponsor banks to manage their r...
Stytch MFA Solution provides a suite of multi-factor authentication methods to enhance security without compromising user experience. It supports standard MFA options like SMS one-time passcodes, email verification, and authenticator apps, as well as phishing-resistant methods based on WebAuthn, inc...
Dow Jones Third-Party Risk Management is a solution designed to help organizations assess and monitor the risk associated with their third-party relationships. It offers comprehensive due diligence reports, continuous monitoring, and risk scoring to evaluate third parties such as suppliers, distribu...
Dow Jones Trade Compliance offers a suite of tools to help organizations navigate complex international trade regulations. It provides comprehensive data and insights to ensure compliance with global trade laws, including sanctions, export controls, and customs regulations. The platform enables busi...
TruLookup by TransUnion quickly provides an actionable picture of the relationships between people, assets, and businesses. It leverages intelligence from over 10,000 public and proprietary data sources, enabling faster due diligence and issue resolution. The solution helps in uncovering critical de...
Unit21 Transaction Monitoring is a customizable platform that helps organizations detect and prevent suspicious financial activities. It allows fraud and AML teams to create, test, and tune rules without relying on engineering resources, reducing fraud losses with signals that enable confident appro...
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Visa Risk Manager (VRM) is a web-based suite of fraud and risk management tools that provides issuers with control and flexibility to manage their risk strategies and tolerance. Leveraging real-time insights from Visa Advanced Authorization, VRM enables the creation of custom rules, case management,...
ZeroFox Brand Protection secures organizations against account takeovers, fake accounts, spoofed domains, and scams targeting customers by exploiting brand logos, messaging, and product images. It enables security and marketing teams to effectively address external threats to revenue, reputation, an...
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