Fraud Detection System

fraud detection system

Adopting a Holistic Approach to Fraud Detection and Prevention

Preventing fraud does not end just by stopping it by the doorstop. It needs a careful, thorough methods to control and monitor fraud completely as to prevent the next similar fraud from happening. Paques Fraud Detection System implements methodical anti-fraud strategies by utilizing data trends to preemptively anticipate suspicious activities holistically, based on the 4 Pillars of Anti-Fraud Tools:

Prevention

Covers the analysis on vulnerability assessment and to assess possible fraud risks.

Detection

Focuses on uncovering, identifying, and finding out fraud incidents.

Investigation

Indicates the further examination whether a case is fraud related or a false positive.

Monitoring & Evaluation

Designate the monitoring follow-up actions after a fraud incident and to perform evaluation using available fraud profiling.

Asserting Data as Essential Factors in Fraud Detection

Paques Fraud Detection System boasts its capability to collect data from bank systems such as customer profile data, business process data, and system logs, to be analyzed and find any anomalies within the data, giving an early detection capability to prevent potentially fraudulent activities.

Paques Fraud Detection System Flow Sheet
A Holistic View of Fraud Detection Process by Paques

Paques Fraud Detection System for Potential Internal & External Fraud

Paques Fraud Detection System is designed to analyze financial or banking-related data to detect any potentially fraudulent activities both committed by persons internal to the bank institution (Internal Fraud) or committed by outside parties (External Fraud) including, but not limited to, customers, competitors, organized criminals.

Internal Fraud :