#USA #New York #risk management #Fraud.net #Policy Monitoring

Fraud.net Launches New Policy Monitoring Solution

Fraud.net has introduced a groundbreaking solution known as Policy Monitoring, aimed at empowering businesses to proactively manage their merchant policy compliance and contractual risks. The primary objective of this innovative tool is to streamline risk management processes, enabling organizations to enhance efficiency, reduce operational costs, and ensure strict adherence to policy terms by their merchants.

Features of Policy Monitoring

With its advanced intelligent rules and anomaly detection capabilities, Policy Monitoring can accurately identify both breaches of policy thresholds and unusual patterns of behavior within the merchant landscape. By offering customizable thresholds, businesses can tailor the monitoring process for specific merchants or policy groups. This significant customization helps in minimizing false positives, creating a more efficient monitoring system.

Moreover, the solution grants detailed reporting features that enable organizations to gain deep insights into their risk management strategies, which in turn fosters better business growth decisions. This real-time data empowers organizations to immediately identify policy violations as they occur, allowing for prompt action through automated workflows. Additionally, the always-on monitoring functionality enhances protection by detecting and neutralizing threats before they escalate into more significant issues.

Streamlined Case Management

Policy Monitoring also simplifies case management, providing companies with tools to resolve issues efficiently. This not only reduces the manual workload on teams but also helps maintain robust compliance mechanisms across the board. This is particularly crucial as businesses face increasingly complex regulatory and operational challenges.

Cathy Ross, the President of Fraud.net, emphasized the necessity of effective risk oversight, stating, "Effective merchant policy management and risk oversight are essential for businesses striving to meet today's complex regulatory and operational challenges. With Policy Monitoring, we are delivering a solution that not only detects risks in real-time but also enables businesses to act decisively, ensuring compliance, reducing costs, and protecting their bottom line."

Webinar to Showcase Policy Monitoring

To support the rollout and help organizations leverage the innovative Policy Monitoring system, Fraud.net will be hosting a webinar titled "From Reactive to Proactive: Transform Merchant Risk Management with Real-Time Policy Monitoring." The webinar will feature insights from in-house experts Kevin Shine and Michael Fossel, where they will showcase how companies can leverage this new tool to enhance their merchant risk management strategies. Attendees will benefit from a live demonstration, as well as real-world examples demonstrating the effectiveness of Policy Monitoring.

By participating in the webinar, businesses will gain a comprehensive understanding of how this powerful solution can revolutionize their risk management processes.

About Fraud.net

Fraud.net is renowned for delivering an AI-driven platform focused on fraud prevention, AML compliance, and digital risk management. Trusted by financial institutions and digital commerce enterprises on a global scale, the patented cloud-native solution effectively combats fraud, money laundering, and other financial crimes in real-time. Moreover, it automates essential functions such as customer onboarding and compliance workflows. The platform's ability to leverage collective intelligence from billions of transactions enhances decision-making processes, enabling businesses to operate more profitably and efficiently. With its no-code/low-code architecture designed to integrate data seamlessly from over 50 leading providers, Fraud.net is dedicated to empowering businesses to navigate risks successfully while focusing on growth.