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| | "Fraud Detection & Compliance Solutions for
Small to Mid-Size Banks & Credit Unions" |
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BANKDetect Featured Product Spotlight September 2005
BANKDetect focuses exclusively on products and services designed to both counter the increasing losses of fraud and to meet the regulatory compliance requirements related to money laundering and terrorism financing detection. In addition to delivering the most advanced analytical products available, BANKDetect also supports its clients with a broad base of knowledge about money laundering, terrorism financing and bank fraud that is drawn from the continual flow of information provided through its network of clients. BANKDetect has a client base consisting of banks and credit unions, with dozens of clients across the country identifying and preventing tens of millions of dollars in potential Fraud losses, while also satisfying Compliance requirements.
RiskTracker-ID/CIP™ - Online Browser Based New Account Verification System
- Check adverse banking history for new accounts
- Combine Loss Prevention and CIP ID Verification in a single process
- True national database contains information on over 160 million checking accounts
- Detail on unpaid returned checks from 140,000 merchants in all 50 states
- Information sources, include over 300 credit reporting agencies
- Maintained daily for up-to-date information
- Search can be keyed to either SSN or DLN
- Verify address against USPS Zip+4, Correlate address/zip/phone
- Validate SSN against SSA/HGI file, DOB and Deceased file
- Validate DLN against number configuration, DOB, Date of Issue, Expiration
- Verifies phone number and type
- Detects mail drops, prisons and other suspicious addresses
- Mathematically rates risk and displays/prints reports on analysis results
RiskTracker-A3™- PC-based system that analyzes daily DDA transactions to identify high risk and exposure in the presence of suspicious activity.
- Monitor more accounts in greater detail
- Quickly Monitor the bank's vulnerabilities
- Identify more types of account risk with a single system
- Know what the risk is at a glance
- Keep track of your decisions and actions automatically with an internal case-management system
- Almost limitless ability to tune the system for specific bank needs
- Employ advanced analysis technology without a complex and expensive interface to your host system
- Get the best protection available
- Saves BANKDetect clients Millions of Dollars in potential losses
- Capable of detecting literally billions of combinations of risk for a single transaction
- Quick and seamless implementation
RiskTracker-AML™ - Comprehensive analytical system that analyzes enterprise-wide transaction activity to identify suspicious activity related to money laundering and terrorism financing activity.
- Analyze virtually any transaction type
- System is equipped with several "Watch List" utilities for focusing on specific interest areas
- Currently includes more than 50 different indicators with the combined capability of detecting over a trillion different combinations of risk for a single transaction
- Credit and debit transactions for cash, checks, wires, ATM's, Debit Cards, ACH and loans are covered
- Can also perform proprietary analysis on GL transactions to detect structuring among accounts that are not otherwise linked
- Comprehensive graphic user interface permits analysts to view risks at branch level and then drill down to complete details of specific transactions
- Quickly shows you suspicious accounts in order of highest risk first
- Satisfy Compliance needs without a complex and expensive interface to your host system
- Save money with compatible Anti-Fraud (RiskTracker-A3™) AND Compliance solutions (RiskTracker-AML™)
- Get total support from BANKDetect for one affordable price
Contact Us
To learn more about BANKDetect, and the Fraud Detection and Compliance solutions we offer, please contact us at 410-867-8217 x 218, or email us at bankdetect@bankdetect.com
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