Oracle Financial Services Fraud

The Oracle Financial Services offering for Enterprise Fraud Management encompasses real-time detection and correlation capabilities with sophisticated behavior detection, analytics, and case management. From the fraudster looking to circumvent current “border patrol” systems, which profile behaviors at the point of access, to internal fraudsters who steal customer information for purposes of defrauding a bank’s valuable customers, Oracle Financial Services Fraud offers a powerful combination of risk monitoring and detection analytics. With its industry-proven scenarios and ability to intelligently correlate alerts and events from various channels and point fraud solutions, Oracle Financial Services Fraud enables the monitoring and detection of behaviors and patterns that evolve over time and indicate the existence of more sophisticated, complex fraud activity. The result: earlier detection and prevention of complex, multi-channel fraud; a reduction in fraud losses from high exposure activity; enhanced customer protection, and reduced reputational risk.

• A single integrated fraud management platform for a more holistic view of accounts, customers, transactions, and entities
• Event identification and correlation across the enterprise, including intelligent aggregation and correlation of alerts and exceptions from point fraud solutions to ensure the detection of more complex, sophisticated fraud
• Real-time monitoring and interdiction capabilities, including online access and authentication, for increased protection and earlier identification of potential fraud schemes
• A comprehensive set of fraud scenarios, sophisticated behavior detection and profiling techniques, and advanced risk scoring result in more targeted and effective fraud detection - meeting existing requirements today and emerging fraud schemes tomorrow
• Comprehensive case management built exclusively for financial crime investigations, including robust workflows, documentation, loss and recovery data, and audit trail

• Detect complex, multi-channel fraud schemes earlier: use a centralized view of suspicious events across products and channels to detect new fraud schemes and entry points
• Achieve enterprise-wide surveillance with comprehensive fraud coverage: Combat fraud with a comprehensive set of scenarios covering the major areas of fraud, including:
  • Identity theft / account takeover - check and deposit fraud
  • Employee / insider fraud - ATM/debit card fraud
  • Electronic payments fraud - online fraud
• Focus investigations to reduce and prevent fraud losses: intelligently focus investigators on the most urgent and actionable fraud alerts and cases
• Maximize customer trust and reduce reputational risk: meet and exceed emerging regulations, guidelines, and customer expectations

• Setting the Stage: FATCA Compliance
• Fighting Fraud within Financial Services: A New Era of Financial Crime and Compliance Management