The system tracks multiple indicators of suspicious activity across customer, account and check data and combines this information with internal and external user activity collected using Intellinx’s technology.
According to a recent study, almost 90% of financial professionals claimed to have experienced check fraud, and 82% of respondents reported that checks were the primary target for fraud according to the 2014 Payments Fraud and Control survey. An increase in mobile deposits and e-banking is making financial institutions more vulnerable. American Banker reported that 10% of people who used their cellphones to make a deposit had it returned to the originating institution due to fraud.
Intellinx, an enterprise fraud management provider, protects organizations from internal and external fraud and data theft. The Intellinx anti-fraud suite provides a set of solutions on one unified platform including enterprise alert and case management, employee fraud, web fraud, check fraud and others. Intellinx’s patented agent-less technology captures application data directly from the network.
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