Razzo’s Anti Fraud solutions is built on the world’s fastest Complex Event Processing (CEP ) engine works across multiple transaction channels and can handle millions of tractions per day, by cutting the 0.3 percent chance needed for a fraud to take place to 0.005 percent.
Razzo’s fraud prevention and detection solutions help by using analytics to identify unusual patterns consistent with loan fraud, credit card fraud or money laundering to spot and stop potential fraudulent transactions saving companies millions in currency annually.
In addition to an incredibly fast CEP engine, our real-time fraud detection and prevention technology relies on in-memory data storage to process and analyze transactions more quickly. By keeping the list of rules about potentially fraudulent behavior in-memory rather than requiring the system to query the database for each transaction, our fraud prevention and detection solution enables you to correlate more data against customer behavior in real time in order to reduce time-to-detection and minimize losses due to fraud.
Razzo’s fraud prevention and detection solution includes:
- A flexible browser-based user interface
- More than 40 common adapters to ensure connectivity
- More than 50 pre-defined scenarios for real-time and historical alerts
- A flexible framework that enables you to create and update scenarios to suit your needs
- High-performance scenario testing tools
- Feature-rich alert and case management tools
- Comprehensive market replay tools
- Fully audited workflow and options to create automated and customize workflows
- More than 20 pre-defined reports
- Flexible data visualizationtools
BENEFITS OF FRAUD PREVENTION AND DETECTION WITH RAZZO SOLUTION
Our fraud management solutions enable your system to:
- Detect fraud quickly to prevent revenue loss
- Monitor millions of transactions from multiple channels in real time
- Identify unusual patterns in fraudulent activity by combining real-time transactional data and historical analysis of customer behavior
- Adapt quickly to new fraud techniques by rapidly applying new rules
- Update and refine fraud rules in real time
- Balance and prioritize workloads to ensure maximum recovery
- Get complete auditing transparency and traceability