Best Fraud Detection Software in South America

Fraudsters have increased the number of payment channels, increasing the bank's potential liabilities. These problems are exacerbated by the adoption of real-time payments and Open Banking, as well as digital-led interactions. It is nearly impossible to prevent payment fraud using traditional anti-fraud techniques. Many rely on hundreds upon hundreds of static, reactive rules that fail in new fraud patterns detection and trigger too few poor hits. Screener monitors all of the bank's payment transactions in real-time catching more fraud with fewer false positives. It detects suspicious payments from social engineering scams or scams (e.g., invoice redirection or love scams, CEO fraud) and links this with digital banking fraud indicators (eBanking/mBanking session redirected or hijacked or account takeover fraud due to identity theft).

By leveraging Open Finance and bank statement data, DirectID help lenders understand their customers throughout the credit risk lifecycle, from onboarding through to collections & recoveries. DirectID Solutions include: AFFORDABILITY Automated transaction categorisation, instant insights and income verification for any customer with a bank account, all allows for more informed affordability assessments. IDENTITY Perform bank account validation checks to confirm identity, and then go beyond basic checks through our financial insights. ONBOARDING Remove onboarding friction caused by paper documents. Get seamless onboarding, verify asserted income and gather bank transactions with instant analysis in seconds. COLLECTIONS Create more informed collections programmes and better customer experiences with direct data insights. CREDIT RISK Don't rely on aged credit data and self-asserted income. Our real-time data insights supplement credit bureau reports to enable smarter credit risk underwriting. OPERATIONAL EFFICIENCY Reduce time spent on the phones and assessing documents. Connect directly to customer bank data and get automatically categorised transactions in seconds, whilst also reducing fraud.

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.

Brighterion has revolutionized artificial Intelligence for more than 20 years. Our AI solutions prevent fraud in payment and acquirer payments, reduce credit risk, delinquency, and healthcare fraud. Your growth possibilities are endless with our extraordinary scalability. With powerful personalization, your business goals can be defined by the models. With AI Express, you can get the full power of Brighterion AI within 6-8 weeks. Advanced AI can sound complicated. We also understand that the idea of moving from legacy rules-based systems and into something new can seem overwhelming. Imagine if all the risk was removed so that you could test drive your model in as little as 6-8 weeks. After seeing the ROI and how the models outperforms the rules, you are ready to deploy.

Industry-leading protection throughout the customer journey, from account creation and login through to payments and disputes. To increase revenue and approval rates, reduce chargebacks, manual reviews, false positives, and reduce chargebacks. Identity Trust is the ability of establishing trust for each identity behind every payment and account creation. Kount's Identity Trust Global NetworkTM is linked by AI. It combines trust signals and fraud signals from 32 million annual interactions to prevent fraud and enable personalized customer experiences. Fast and accurate identity trust decisions ensure safe payments, account creation, login events, and reduce digital fraud, false positives, chargebacks, and manual reviews.

Online Security and Fraud Protection with Real-time Identity Intelligence and Authentication. Access Control. Online security from login to logout: Protect online accounts, information and transactions, as well as your online interactions. Digital Resolve is an affordable and simple-to-implement solution that effectively mitigates risk from the moment it is deployed. The platform was developed by a team that includes seasoned experts to provide a complete view of all transactions and interactions. This is unlike other solutions that only detect certain events. You can also maintain trust and confidence among your users by providing real-time protection from potential risks and offering real-time intervention options.

All types of frauds can be addressed with one solution. Subex Fraud Management is a 25-year-old domain expertise that provides 360 degree fraud protection across digital service by leveraging advanced machine intelligence and signaling intelligence. This solution combines a traditional rule engine with advanced AI/machine learning capabilities to increase coverage across all services and minimize fraud run time in the network. It also includes real-time blocking capabilities. The Subex Fraud Management solution's core is a hybrid rule engine. It covers detection techniques such as expressions, thresholds, and trends. Rule engine comprises of a combination of threshold rules, geographic rules, pattern (sequential) rules, combinatorial rules, ratio/proportion-based rules, negative rules, hotlist based rules, etc. These rules allow you to monitor advanced threats in your network.

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.

AGENARISK incorporates the most recent developments in Bayesian artificial Intelligence and probabilistic reasoning to model complex, potentially dangerous problems and improve decision making. AgenaRisk models can be used to make predictions, perform diagnostics, and make decisions. AgenaRisk models combine data and knowledge about complex causal or other dependencies in real life. AgenaRisk is used by our clients to model a variety problems involving risk and uncertainty, including operational risk, actuarial risk, intelligence analysis risk. Systems safety and reliability, cyber-security risk, strategic financial planning, and health risk. AgenaRisk markets and designs innovative products using Bayesian Network technology. Our technology and the accompanying methodology have been published in top academic AI and machine learning journals.

It is a self-service rules engine that detects and prevents payment fraud and suspicious transactions. It is used by merchants, acquirers and PSP's all over the world. It is available as either software as a cloud-based service or on-premise software. aiRiskNet®, a modular solution, is designed to protect all payment chains. There are three main configurations that can be used separately or as part of an enterprise-wide solution. aiRiskNet® Acquirer can be used to detect fraud at POS, ATMs and other payment types. aiRiskNet® Issuer is designed to detect fraud for card issuers and financial institution, and covers all card payment types. Credit, debit, prepaid, private label and e-wallet are all available.

Global SMS/RCS and voice-cloud communications allow you to deliver timely, personalized information. Get a deeper understanding of customers using actionable global phone numbers and subscriber data intelligence. TeleSign's Messaging API allows you to code once and send messages to your customers at scale. It also supports waterfall delivery between channels. TeleSign Messaging API supports SMS, RCS and WhatsApp, allowing you to create secure digital communications that can connect you with customers around the globe. Integrate a single MessagingAPI to send secure, reliable SMS, RCS, and WhatsApp messages directly to your customers. You can choose one or all of these channels to expand your programmable messaging strategy. Reach more customers through 120+ optimized points of presence and 700+ direct to-carrier routes

Data integrity, compliance with internal policies, procedures, reducing mistakes, and risk management are all essential for managing top-line growth in today's business environment. GLAnalytics cloud-based analytics software provides financial reporting that actively monitors financial data for potential fraud and errors. The use of powerful algorithms gives you peace of mind. These algorithms scan financial data quickly and securely using an interface that is easy to use. Algorithms that identify anomalies and cross-review between components. Analytics includes highly secure, encrypted access control to ensure data remains private. The application allows for both physical and logical separation of client data, with certified storage tied to each other. Analytics is cloud-based for increased security and scalability. All data is securely stored and monitored.

Stop fraud at its source. FICO®, Application Fraud Manager stops identity-based fraud at the source. It detects first-party and third party application fraud cost-effectively while providing outstanding customer service. Application Fraud Manager integrates easily into the origination's ecosystem and provides a platform for real time fraud decisioning powered with machine learning analytics. Analytics, data orchestration and case management all work together to detect and prevent fraud. Analyze hundreds of behavioral characteristics in real-time to detect patterns that are inconsistent or abnormal and indicate fraud.

VigilanceAML is an online software, trusted by businesses of all sizes across New Zealand to comply with the complex anti-money-laundering standards. CDD processes can vary depending on the type of customer, offshore and face-to-face clients, Trust, etc. VigilanceAML gives you all the tools that you need to efficiently onboard your customer. Your customers can fill out an online secure form and upload the documents. This will save you time and allow you to use unsecured email addresses. ODD is essential to ensure compliance. VigilanceAML offers smart features that streamline ODD and keep your up-to-date. VigilanceAML will analyze Trust account statements and create rules to help you filter out missing PTR's. Integration to ASB is possible. VigilanceAML integration with GoAML will save time and frustration by automating the proceeds and avoiding manual data entry.

DCS is a tool to combat money laundering and terrorist funding. DCS integrates Artificial Intelligence, which allows your organization detect suspicious activity in an efficient and precise way.

Benford's law is used to detect patterns in inappropriate disbursements. Quickbooks and other bookkeeping software audit trail reports can be searched for unusual actions like voids or deletions. Multiple payments for the same amount can be identified on the same day. Payroll runs that exceed the hourly rate or salary are reviewed. Payouts issued on non-business day. Calculations of statistical parameters to identify fraud-prone outliers. Test for duplicate payments. Review accounts payable vendor files for similar names. Check for fictitious vendors. Compare vendor and payroll addresses Z score and relative size factor test. Surprise audits and data monitoring are associated with the greatest reductions in fraud loss, but only 37% percent of organizations use these controls. A business with less than 100 employees loses $200,000. Small businesses have fewer resources to detect fraud and find it.

Chainalysis is a cryptocurrency investigation software that helps law enforcement and financial institutions to identify and stop criminals using cryptocurrencies for illegal activity like money laundering and extortion. Chainalysis Reactor is an intuitive, graphical interface that allows users to conduct detailed investigations into the origin and provenance of cryptocurrency transactions. Businesses that do not have controls in place for cryptocurrency investment risk being subject to regulatory action, reputational harm, or exclusion from financial system. Businesses need an automated method to assess money laundering risk in order to meet regulatory requirements and maintain good relationships with key stakeholders. Chainalysis KYT is the cryptocurrency transaction monitor that meets this need. The interface was designed to be intuitive and comply with anti-money laundering compliance workflows.

A collection of cloud- and hybrid-ready security products and services that brings together a variety of different products and services. Appgate currently protects more than 1,000 organizations in 40 countries. Zero Trust: A Focused Approach. Security problems were created by distributed, on-demand IT. Security leaders find themselves stuck trying to solve today's problems by using yesterday's solutions, despite having more assets to defend and more complex issues to overcome. You can become a smaller target, making it more difficult for threat actors to identify resources and making them more resilient. Adopt an identity-centric, Zero Trust mindset. This will consider context before granting access. You can take proactive steps to identify and eliminate threats that could be affecting your organization.

PaymentCloud Merchant Services offers credit card processing services for all types of businesses. We can support every type of business, from Fortune 100 companies to small local stores, ecommerce, retail, and at all levels of risk. We offer a wide range of integrations with almost any platform, shopping cart and CRM. These tools allow you to reduce risk and increase your reward. To receive personalized attention and a personable service, talk to one of our dedicated account mangers. PaymentCloud provides the foundation businesses need in order to succeed. We have over 50 years of combined experience in the payments industry and we are eager to help you succeed. No cost comparison. Simple setup. Fraud prevention and chargeback. There are hundreds of integrations. Accepted in industries with low risk and difficult to place.

Global identity verification powered by regional data infrastructures. MetaMap is the world's first all-in-one identity verification platform. It is based on regional data sources and consolidated on a global level. You can get to know your users in depth, from local government checks to Global AML Watchlists. A range of identity verification tools to get to know your users better. Verify your users quickly and without affecting your conversion rates. You can quickly verify your users using our SDK, or create your own verification flows via our API. Our customers welcome up 95% of users who complete our verification flow successfully on their first attempt. Access our regional identity infrastructures automatically and receive clean data from dozens local databases consolidated into comprehensive user' profiles. MetaMap dashboard allows you to automate and streamline manual verification. Need advice? Our international Customer Success Team can help.

Evinent offers professional software development for your business. Our team is constantly growing and consists of highly qualified software engineers. We focus on providing customized software development and ongoing technical assistance to our clients. Our balanced mix of technologies and methodologies will allow you to optimize your software and modernize your company's web apps. Evinent Analytics offers a powerful predictive analysis to help you suggest the best products for your customers. This will increase sales conversion. What you get. The Evinent Analytics Marketing Automation Platform allows you to: Create customer profiles, including their purchase history and total expenditures. Fraud and Risk Analytics, Analyze purchasing habits, Determine correlations among data sets and generate statistical reporting, Segment data and Predict future sales trends. Receive suggestions on how you can build product packages.

Resecurity Risk is a dedicated threat monitoring platform for brands and their subsidiaries, assets, executives, and employees. In less than 24 hours, you can import your unique digital identifiers to get instant updates of more than 1 Petabytes of actionable intelligence that is directly impacting you. If all active threat vectors can be ingested within our platform, and are from verified sources with accurate risk scores, security information and event management tools (SIEM), can help you identify and highlight critical events. Resecurity Risk is an omni-directional threat product that would normally require multiple vendors to resolve. To maximize the risk score of an enterprise footprint, integrate security solutions. Context™ powered by your data. A holistic approach to counterfeit monitoring and piracy for different industry verticals. Use actionable intelligence to prevent illicit distribution and misuse of your products.

Stripe's network can help you fight fraud. Radar allows you to detect and block fraud in any company using machine learning. This is a combination of the data from millions of companies around the world. It is already integrated into Stripe and does not require any additional configuration. Modern companies that operate over the Internet are not compatible with the old systems for fighting fraud. Radar can help you identify fraudsters from legitimate customers, and apply Dynamic 3D secure to high-risk transactions. Our machine learning infrastructure allows us to continuously improve the effectiveness of our models, even those that are customized for your company. Radar algorithms are quick to adapt to changing fraud patterns and the uniqueness your business. Stripe accepts payments from 195 countries, for companies of all sizes and industries. There is an 89% chance that a card you are using is already in the Stripe network.

Sardine helps you save time by negotiating, evaluating and integrating with many third-party risk providers. This includes identity fraud, card and bank fraud, and documentary verification. This makes it easier to launch new products and markets, while also improving your reputation with regulators. Sardine is the first digital fraud solution. Current anti-fraud solutions were designed for e-commerce platforms. They use signals such as shopping cart analytics and shipping address to detect fraud. Digital businesses do not have these signals. Sardine detects 3x as much fraud than the incumbents that were designed for ecommerce fraud, while we are the first solution specifically built for digital businesses. Sometimes, fraud prevention means asking your operations team for manual reviews. Sardine automates most manual reviews. Large FinTechs often save $500K each year due to the automation.

Training and certification in blockchain analytics for regulators, financial institutions, and crypto-businesses. Manage financial crime risk, ensure regulatory compliance, and grow with confidence. Our crypto compliance services and solutions are used by regulators, financial institutions, and crypto businesses to detect and prevent financial crimes in cryptoassets. Businesses can rely on blockchain analytics to provide accurate and actionable insights across more than 100 cryptoassets. Elliptic offers blockchain analytics for cryptoasset compliance. Your compliance team can manage risk across more than 100 cryptoassets and comply with regulatory requirements. Compliance is a competitive advantage that builds trust between regulators, customers, partners, and other stakeholders. It is crucial to have the best AML monitoring solutions. Also, it is important to invest in your team to develop the knowledge required to stay compliant.