Financial Fraud Prevention

Financial Fraud Prevention

In banking PowerBrains® could be used along the entire transaction process chain to add value by detecting irregular transaction patterns. First and foremost, they can become part of the bank‘sdetection and verification systems to proteFinancial Fraud Preventionct customers by early identification of criminal activity patterns leading to unauthorised fraudulent transactions via payment cards, remote banking, cheque and authorised push payments, etc.

Additionally, PowerBrains® could monitor digital currency wallets on a smart phone or online app, intelligently recognizing irregular transaction requests and alarming the wallet owner immediately of the attempted crime.

Additionally, PowerBrains® enable learning from each case through feedback-cycles, helping to constantly improve the quality of the crime detection and allowing other banks and wallet apps to be prepared and prevent similar fraud from occurring.