Financial Crime World

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Financial Fraud Prevention: A Growing Concern in Suriname

As financial institutions continue to evolve, so do the methods used by fraudsters to exploit vulnerabilities. In a recent report, Tietoevry Banking revealed that digital fraud methods have increased significantly, with 3.4 billion transactions analyzed.

The Rise of Money Mules


Tietoevry Banking specialist Silje Kvernberg notes that the age of money mules is trending younger, with more cases being identified. This growing trend highlights the need for financial institutions to adapt their fraud detection methods to stay ahead of these sophisticated schemes.

Prevention and Detection


To combat fraudulent activities, Tietoevry Banking offers a range of services, including:

  • Interoperability: APIs allow integration with all processors, securing the efficient gathering of actionable data throughout the value chain.
  • Low basis points and high operational satisfaction: Advanced, data-driven anomaly detection tools help predict, prevent, and stop real-time financial crime.
  • Managed services: Tietoevry provides a fully outsourced operations unit handling the entire fraud prevention value chain from tuning to end-customer follow-up.

Adapted Solutions


Tietoevry’s monitoring platform is designed to be adaptable to individual customers’ risk tolerance and threat picture. The company’s team of experienced professionals is ready to help address specific needs and provide tailored solutions.

Key Features


Some key features of Tietoevry’s financial crime prevention services include:

  • Interoperability: APIs allow integration with all processors, securing the efficient gathering of actionable data throughout the value chain.
  • Low basis points and high operational satisfaction: Advanced, data-driven anomaly detection tools help predict, prevent, and stop real-time financial crime.
  • Managed services: Tietoevry provides a fully outsourced operations unit handling the entire fraud prevention value chain from tuning to end-customer follow-up.

In Suriname, where the financial sector is rapidly growing, it is essential for banks and financial institutions to stay ahead of the curve in detecting and preventing fraudulent activities. By adopting advanced solutions like those offered by Tietoevry Banking, Surinamese financial institutions can significantly reduce the risk of fraud and protect their customers’ interests.

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