Effortless Fraud Detection in a Digital World.
With our real-time Transaction Monitoring module, financial institutions can identify, investigate, and prevent suspicious activities using pre-configured rules while supporting various transaction formats, including ISO 20022. Non-technical users can easily customise and create new detection rules via our user-friendly Rule Builder, while suspected fraudulent activities are routed to our Compliance Workspace for efficient investigation and resolution, ensuring regulatory compliance and protection against financial crime.
Book a Demohow it works
Inspect. Detect. Prevent.
Our Transaction Monitoring module is designed to detect potential fraud in real-time by applying preconfigured rule-based topologies through the open-source engine, Tazama. The system analyses transactions across multiple banking channels—including online, mobile, and in-branch—and supports various message formats, such as ISO 20022 and others, making it adaptable to a wide range of financial operations.
The solution evaluates each transaction against pre-built topologies, which are carefully crafted to detect common fraud patterns like high-risk geographic locations, unusual transaction amounts, or suspicious transfer behaviours. In addition, users have the flexibility to customise detection behaviours through a user-friendly Configuration Manager. This manager allows fraud detection rules to be modified or extended without altering the underlying execution code, giving non-technical staff complete control over rule customisation.
When a potentially fraudulent transaction is flagged, it is routed to the Compliance Workspace, a dedicated case management module designed to streamline the handling of fraud exceptions. This workspace helps investigators quickly assess, prioritise, and resolve cases, ensuring efficient management of fraud alerts.
why it works
A Powerful and Adaptable Fraud Prevention Tool.
Our solution excels in detecting fraud because of its rule-based detection approach combined with preconfigured topologies based on industry standards, making it quick to deploy and effective from the start. The inclusion of ISO 20022 support allows for seamless integration with international banking systems, enabling comprehensive monitoring across different transaction formats. Key reasons behind its effectiveness include:
User-Driven Configuration
Through the Configuration Manager, users can easily adjust and update detection rules without developer assistance. This separation of configuration from the execution code allows institutions to respond quickly to evolving fraud patterns without technical dependencies.
Compliance Workspace
Suspected fraudulent activities are managed in an intuitive case management module, allowing for rapid resolution to ensure that nothing slips through the cracks.
Tazama’s Open-Source Engine
The reliability and flexibility of Tazama ensure that the system can handle large transaction volumes efficiently, while benefiting from the continuous improvements of the open-source community.
This combination of real-time monitoring, ease of customisation, and streamlined exception handling makes it a powerful and adaptable tool for fraud prevention.
why choose us
Investigate. Escalate. Resolve.
Equipped with preconfigured topologies for rapid deployment, a user-friendly rules management interface, ISO 20022 compatibility, and streamlined case handling, our solution simplifies complex fraud monitoring for financial institutions of any size.
Preconfigured Topologies for Quick Detection
Start protecting against fraud immediately with ready-to-use topologies, which reduce the time to deployment and ensure comprehensive coverage from the outset.
Flexible Rule Management for Non-Technical Users
The Configuration Manager allows users to modify or create new rules via a visual interface, without needing to write or modify code. This provides flexibility for quick responses to changing fraud trends.
ISO 20022 and More
The solution supports ISO 20022-formatted messages, ensuring compatibility with international transaction standards, while also handling other message formats, making it versatile for global financial operations.
Case Management with Compliance Workspace
Suspected fraud cases are handled in a dedicated Compliance Workspace, streamlining case management, helping fraud teams to investigate and resolve issues quickly and efficiently.
Open-Source Engine Advantage
Built on Tazama, our solution offers transparency, scalability, and a cost-effective approach by leveraging open-source technology.
the difference
Keep Fraud at Bay.
What differentiates our solution is the perfect balance of preconfigured rule-based detection and the flexibility of customisation, allowing financial institutions to maintain control over their fraud detection strategy. Key differentiators include:
ISO 20022 Support: Unlike many other systems, we offer seamless integration with ISO 20022, a critical feature for international banking and payment systems.
User-Driven Configuration: The Configuration Manager gives users the power to create and adjust fraud detection rules without developer assistance, making the solution highly adaptable and reducing response times to new fraud threats.
Streamlined Case Management: The Compliance Workspace simplifies the process of handling fraud exceptions, offering a central hub where alerts can be investigated, escalated, and resolved, all within a single system.
Open-Source Transparency: Powered by Tazama, our solution provides the reliability and scalability needed for modern transaction monitoring while benefiting from open-source innovations.
features
Real-Time Monitoring for Real-Time Prevention.
Our solution empowers financial institutions with a proactive and adaptable approach to fraud detection. It combines scalability and transparency for cost-effective, reliable protection across all banking channels while streamlining fraud management from detection to resolution.
Preconfigured Topologies
Comes with a comprehensive set of fraud detection rules based on industry best practices, pre-built and ready to use from the start.
ISO 20022 Support
Handles ISO 20022-formatted messages, making it ideal for global financial institutions and cross-border transactions, while also supporting other standard message formats.
User-Friendly Configuration Manager
Allows users to customise fraud detection behaviours through a visual interface, with rule changes separate from the execution code, enabling fast adaptation to new threats.
Open-Source Engine
Powered by Tazama, offering robust, scalable, and cost-effective transaction monitoring.
Visual Rule Builder
Users can modify and extend detection rules using a drag-and-drop interface without needing technical expertise or developer intervention.
Real-Time Monitoring
Transactions are evaluated in real-time against predefined rules, with alerts generated instantly for suspicious activities.
Compliance Workspace for Case Management
A dedicated module to handle fraud exceptions, ensuring all alerts are investigated and resolved efficiently.
Multi-Channel Monitoring
Monitors transactions across all banking channels, including digital, mobile, and ATM transactions.
benefits
Reduced Risk, Increased Compliance.
Powered by a cost-effective, scalable open-source engine, our solution ensures robust and adaptable fraud detection that enables financial institutions to reduce fraud losses and maintain compliance.
Quick Deployment with Preconfigured Topologies
Start detecting fraud immediately with pre-built rules that require minimal setup.
Global Compatibility with ISO 20022
Designed for international financial institutions, our support for ISO 20022-formatted messages ensures seamless fraud monitoring across global operations.
Cost-Effective Open-Source Solution
By using the Tazama engine, your institution benefits from the flexibility, scalability, and cost savings associated with open-source technologies.
Regulatory Compliance
Built-in support for regulatory requirements such as AML and KYC help financial institutions meet global standards for fraud detection and reporting.
User-Centric Rule Management
The Configuration Manager empowers non-technical users to adapt the system’s behaviour, removing the need for developer input when responding to new fraud patterns.
Efficient Case Management
The Compliance Workspace streamlines fraud investigation processes, improving the speed and accuracy of fraud detection response.
Reduced Fraud Losses
Real-time monitoring and rapid detection ensure that fraud incidents are identified and addressed before significant damage can occur.
use cases
We provide robust, adaptable capabilities to tackle diverse fraud scenarios across financial operations, while ensuring vigilant, proactive monitoring across all transaction types, enhancing security and supporting compliance.
Cross-Border Payment Fraud Detection:
A transaction using the ISO 20022 format is flagged due to an unusually high transfer amount to a high-risk region. The system applies pre-built topologies, detects the risk, and sends the case to the Compliance Workspace for further investigation.
Real-Time Transaction Anomalies:
A customer initiates multiple small transfers just below the reporting threshold in a short timeframe. The system identifies this as potential structuring and alerts the fraud team through the Compliance Workspace.
Card Fraud in Mobile Banking: A user attempts a high-value transfer via the mobile banking app using an unfamiliar device. The system flags the transaction due to the device anomaly and transaction amount, alerting the compliance team for additional checks.
ATM Fraud Detection: The system detects an ATM withdrawal occurring late at night in a location that does not align with the user’s transaction history. The topology flags the activity as suspicious, and the transaction is routed to the Compliance Workspace for investigation.
Suspicious Wire Transfers: A large wire transfer is initiated, but the beneficiary’s account is flagged as high-risk. The transaction is immediately sent to the Compliance Workspace where the compliance team can review, investigate, and decide on further action.