BEEHIVE Profiling Engine - Bank Fraud Prevention Solutions
To ensure effective fraud prevention, banks must be able to intelligently track behavior deviations across customers, employees, and other stakeholders. The BEEHIVE Profiling Engine is a proprietary accelerator that makes this possible with a set of flexible, comprehensive profiling tools that can be quickly put together to meet fraud prevention requirements.
How it works:
The BEEHIVE Profiling Engine consists of software components that create base profiles based on historical data and multiple parameters. With tools for customer, employee, peer group, enabler, and 3rd party profiling; patterns and behavior identification; deviation monitoring; and alert flood control, this accelerator can be used to easily build a customized, comprehensive fraud prevention system.
How you benefit:
- Enhanced fraud prevention and detection
- Accurate identification of high-potential fraud scenarios via multiple-attribute profiling
- Efficient twin alerts system, with alerts for basic threshold breaches and significant profile deviations
- Improved alert flood control
- Enhanced cross-selling ability based on information garnered from customer profile attributes