Best Fraud Detection Software in Canada

"Cause for Pause", our motto, is what we value most. We help our clients automate to the maximum extent when a person performs a valid act. We help them identify when this may not be the case. The case. Our customers can prevent fraud, fake identities, scams and bad actors by stopping automation and assessing the individual and their actions. We offer scores for all US adults (270+ million) across a variety of use-cases related to synthetic identity and ecommerce fraud. - Top-Level Score - Phone Verification - Email Verification Address Verification - IP Verification 1. Scores are calculated based on the known outcomes of fake identities 2. High-tech data science and machine-learning techniques are used 3. Scores are calculated based on our market-leading identity graph, which includes online and offline consumer data as well as historical data and public filings.

To identify insurance fraud, uncover the hidden connections and relationships among claimants, providers, businesses. The SIU's ability detect fraud rings in their company's claims is greatly enhanced by NetMap's advanced analytics. The software quickly analyzes claim information, public records and other data to identify patterns that could be indicative of fraud. SIU analysts can quickly identify patterns of fraud using powerful analytics and data visualization technology. NetMap reduces the time it takes to analyze complex patterns of fraud and makes it easier for investigators to quickly identify them.

The Shift Insurance Suite can transform customer experience and optimize decision making. With a 75% hit rate, we detect potential fraud in insurance claims. A lower number of false positives leads to more productive investigations and a lower loss ratio. Shift Claims Fraud Detection provides detailed reasoning & indicators to fraud suspicion. This gives investigators the information they need in order to investigate fraud across all business lines. Shift Technology is trusted by the world's top insurers. All areas of our business are protected with industry-leading security measures.

Combat fraud and financial crime with unparalleled accuracy FICO®, Falcon® Fraud Manager provides a central fraud, AML and KYC screening platform. It can be used to design rules, execute machine learning models, manage workflows, and manage investigations. FICO®, Falcon® Fraud manager allows you to support unified operations at scale. This will allow you to fight fraud faster and stop criminals sooner, allowing you to deliver digital experiences that are world-class and strengthen consumer relationships. You can extend the boundaries of financial crime detection by allowing x-dimensional freedom - any data source in any format. Mix streaming and batch updates from any source. You can easily map data to create aggregations, variables, and other contextual data services. You can choose from proven FICO machine-learning models, imported third-party models, or in-house models. Open libraries with FICO®, Analytics Workbench™, Falcon® Edition are used to develop, evaluate, and implement models.

As a result of the increasing digitalization trend, fraud detection and prevention have become more important. It becomes increasingly difficult for companies to protect their customers from fraud attacks and maintain a good business reputation. Fraud issues are becoming more complex and require a more sophisticated approach. We have more than 20 years experience in anti-fraud and payments. We offer banks, financial institutions and factoring companies, as well as insurance companies, insurers and telecom operators. InACT®, a modular application, monitors and prevents fraud and internal misuse, operational errors and transactions that are against the law. InACT®, protects your institution from malicious transactions.

One Cloud Platform to Manage Financial Crime. Feedzai's risk management platform manages trillions of dollars in transactions every year to protect the largest companies from money laundering and fraud. You can create personalized applications based on risk assessment. Step-up authentication is only required when it is necessary. Increase your customer base in real time with minimal friction. All transactions across your business can be monitored in real-time. You can prevent even the most complex frauds with precision and scalability. Use powerful machine learning technology for complex money laundering detection and visualization of hidden relationships between transactions. To reduce regulatory scrutiny, ensure complete transparency

Are your fraud losses higher that you expected? Is your fraud prevention effectiveness lower than 95%? Are you losing money at the ATMs and on the teller line? Are your check verification thresholds higher than $500? Are you spending more that 0.01% of your bank assets on systems or analysts to review suspects? Are you reviewing 250 checks for every item worth returning? Stop wasting your time and money by reviewing more than 250 checks for each item worth returning. All-In-One Check and ACH, ATM, Wire and Cash Fraud Security Solutions. All-in-one fraud solution that includes compliance reporting, case management options and increased fraud prevention for financial transactions. Innovative technology connects healthcare customers and financial services.

Trusted eCommerce fraud prevention for merchants and companies. Signifyd's Commerce Protection Platform includes three distinct solutions -- Revenue Protection and Abuse Prevention. Together, they remove the stress of ecommerce fraudulent prevention, abuse, and payment regulation. This allows retail professionals to concentrate on their business strategies and initiatives. It's easy to fall prey to cybercrime and data breaches that can cause devastating consequences. Learn how to protect your business and support commerce across channels, borders, and with seamless checkout.

SymphonyAI's full range of financial crime solutions can be integrated into your existing risk management stack, or enhanced by the AI-driven Sensa point solution. Adapt to a dynamic and diverse sector of financial services with powerful and flexible analytics, investigation and integration solutions, security and cost reduction. Advanced data analytics capabilities detect anomalous behavior with high accuracy, setting industry standards for positive/negative detection as well as false positive reduction.

Thomson Reuters CLEAR®, powered by billions data points, leverages cutting-edge public record technology to bring together all key content in a customizable dashboard. Find difficult-to-find information quickly and identify potential concerns associated to people and businesses to determine whether further analysis is necessary. The platform is intuitively designed with simple filtering parameters and intuitive navigation. This allows you to quickly search through thousands of data sets and get precise results in a shorter time.

Your financial institution must be able to prevent fraud losses and maintain customer confidence. However, this can present complex challenges. Fiserv makes fraud prevention simple with its intelligent and user-friendly financial crime management and compliance software. Fiserv's Fraud Risk Manager™, provides an end to end fraud prevention environment. This solution combines innovative transaction monitoring and customer monitoring with a built in case management system, step by step alert management and configurable workflow. Fraud Risk Manager gives you the benefits of next-generation fraud detection. This includes enhanced accuracy, simplified analysis, and increased efficiency. A large library of configurable risk views and alert definitions allows you to detect and prevent fraudulent activity. This collection provides extensive protection against fraud losses and allows users to quickly adapt to new threats to fraud.

Firco Insight, formerly SBS SAFE Advanced Solutions Visual Intelligence Platform, is a feature-rich platform that combines account screening intelligence with high-performance scoring and processing capabilities to improve screening accuracy. Firco Insight uses AI to reduce false positives and prioritize alerts based on risk severity. This allows you to avoid high-risk accounts, meet financial crime regulatory requirements and more. Your organization will have the visibility it needs to know which accounts you should do business and, more importantly, which high-risk accounts you should avoid.

Clari5 is a category leader in Enterprise Fraud Risk Management Systems (and Anti-Money Laundering Systems), and has been recognized for its product innovation with a global award. Clari5 uses a 'central nervous systems' approach to financial crime risk management to assist banks in combating financial crime. Clari5 employs a human brain-like approach to synthesizing enterprise-wide intelligence, and delivering precise contextual insight in a short transaction window for any interventions. Clari5 is an easy-to-use bolt-on system that does not require replacement and has a short implementation cycle with a quick ROI. Clari5 harnesses the combined power and automation of AI, ML Decision Sciences & Real time Decisions to manage over 500 mn accounts. Clari5 is trusted by 15 marquee banks around the world to power their fraud risk management strategies. With

Dynamic threat intelligence, which is connected across the digital journey, can help you increase customer conversion rates and reduce fraud. Your business's revenue can be lost if you are not responsive in the digital marketplace. It is essential to increase conversion rates and navigate the cybercrime-threat environment that grows more complex. LexisNexis®, ThreatMetrix®, is an enterprise solution that provides digital identity intelligence and digital authentication. It is trusted by more than 5,000 global brands to help them make daily transaction decisions. Our fraud prevention solutions combine digital identity insights from billions of transactions with embedded machine learning and leading analytic technology to provide comprehensive decision analytics across the customer journey.

The American Bankers Association has endorsed PATRIOT OFFICER through its subsidiary, The Corporation for American Banking, LLC, and other prestigious financial trade organizations across the country. PATRIOT OFFICER, the industry's leading regulatory compliance and risk management system for financial institutions of any size, integrates anti-money laundering and counter-terrorist financing capabilities into one streamlined system. PATRIOT OFFICER can be integrated with your core processing system, ensuring data accuracy and scalability without the need for expensive third-party interfaces. PATRIOT OFFICER only uses the most advanced adaptive intelligence technology. This allows financial institutions to comply with the BSA/AML examination manual's requirements for risk-based procedure, policy, and process.

These are the concerns that Asset Based Lending has had for years. Our customers have been asking us for a way to archive AssetReader data to extract simple trends and comparative Borrowing Bases. They also want to pull more focused confirmations (an optional option). The owners and programmers wanted AI (artificial intelligence) to be applied to the data. Of course, they also wanted to invent new stuff to take advantage. The FinSoft team has over 33 years of ABL expertise, including audit, operations fraud investigations, highly respected ABL training classes, and a desire for inventing another product. This AI is what the ABL industry needs for years.

Although most financial institutions have the necessary data to detect fraud, it can be difficult to link it all together because it is scattered across different departments and locations. Linking becomes even more difficult when data is corrupted, whether they are intentional or accidental. Infoglide's IRE technology allows financial institutions to run real-time (or batch), federated searches across enterprise data to find, match and link similar entities. IRE is built on a service-oriented architecture (SOA), which can be used in standalone mode or integrated into other business applications through its configurable business process workflow.

Avoiding unfair applicants with false information can reduce bad debts and collection and recovery costs. To reduce serious fraud losses and writeoffs caused by fraudulent applicants, we recommend that you keep them to a minimum. Fraud identification should not compromise customer services or speed of decision-making. Analyzing application assessment results, making decisions and investigating suspicious cases. Automated fraud detection, investigation workflows, and decision flows. Simple to use user interfaces with minimal operational costs and resource requirements. Automates the assignment of cases for investigation and assigns scores based on likelihood to Fraud.

DataView360 was created to make it easier to integrate with external and internal data sources such as fraud and credit bureaus. The software product can be configured to allow customers to select and choose the data that they need within their processes for instant decisioning. DataView360 is a web service application that can be easily integrated into existing infrastructures or external environments. The DataView360 DataEngine has been recognized as an essential tool in dynamic and effective risk management. The Data Engine can be used to access, query and integrate data with any host system or proprietary system. It is equally useful for users who want to upgrade their legacy systems as well those who are looking for a modular, full-scale solution.

FraudGuard®, the most intelligent tool on the market today, leverages advanced analytics, defect trending, and audit trails that are essential for a compliant loan origination. FraudGuard has the most comprehensive data source and capabilities of any automated solution. It is the only quality assurance platform that can match this level. FraudGuard can provide top-quality analytics, backed by experienced product support and development teams. Lenders can rely on FraudGuard. The FraudGuard platform combines public, private, and proprietary data sources to help lenders identify fraud risk and make mortgage applications more efficient. It also helps them comply with regulations. The enhanced reporting of findings and recommendations provides the necessary insight to support loan decisions.

Instant consolidations can be done to create more accurate budgets, analyze and report on results, understand revenue, and manage execution of strategy. Your enterprise can make a quantum shift in financial and profit analytics. SAS Financial Management allows you to analyze and identify the impact of changes as they happen. You can identify which products, customers, and segments are profitable and identify cost reduction opportunities. The solution provides financial performance, cost and profit analytics across manufacturing and telecom, aviation, utilities and financial services industries. This greatly enhances the ability to strengthen the connections between financial and operational plans. SAS Financial Management allows you to deliver reliable, timely and reliable forecasts and plans, as well as contingency plans for a variety of events.

NXG Forensics uses advanced forensics, machine learning, and works in parallel to your ERP system. It works continuously and preventatively to make your job faster, easier, and more efficient. NXG's unique supplier-centric approach to risk detection has been refined over many years. It detects potential risks as soon as they enter ERP systems. Every invoice and every supplier is forensically checked every day. NXG also checks your P2P data against external risk registers in order to identify additional risks throughout the entire P2P cycle. Business resilience is becoming more important than ever. Accounts Payable, Procure to-Pay, and Shared Services teams are expected do all they can to avoid any potential damage to the organisation.

With a holistic view of your organization's risk, you can detect, prevent, investigate, and investigate money laundering, fraudulent activity, and compliance violations. The Xceed AI cloud platform revolutionizes AML prevention for financial service organizations of all sizes, dramatically accelerating their digital and cloud transformations. X-Sight continues the autonomous journey, allowing you break the data and analytics limits to fight FinCrime. Customers expect seamless experiences, quick transactions, and instant access to money. These changes may be beneficial for business, but compliance and risk teams spend too much time looking through alerts and information. NICE Actimize can help you power your organization with an innovative way to prevent financial crime: Autonomous Financial Crime Management. Financial services organizations can combine data, analytics, and automation by combining new technologies.

You can take control of your risk assessments. No programming knowledge is required. MindBridge's data speaks for itself. You can analyze data trends and focus on unusual or risky transactions. MindBridge can be used to provide more value to clients, whether you are using it as an early warning system or a last line defense. Our AI platform gives you a deeper understanding about your clients' finances. MindBridge analyzes all client data and presents a summary of potential risks for your team to examine and take action on. MindBridge allows you to import data from your ERP and create visual trends.

Bolt is the first platform for online checkout. Online checkout is still a difficult experience. Online businesses have two options: invest in a custom-built solution or integrate an existing ecommerce platform’s native checkout to increase brand flexibility. Bolt is dedicated to improving the checkout experience for online merchants through optimized checkout, fraud detection and seamless integration payments.