Thai Banks Boost Anti-Fraud Efforts with Advanced Detection Tools
Thailand’s Financial Institutions Join Forces to Combat Financial Crime
BANGKOK - In a concerted effort to safeguard their customers and maintain the integrity of the financial system, banks in Thailand are increasingly relying on cutting-edge fraud detection tools. At the forefront of this trend is Tietoevry Banking’s Fraud Prevention Suite, a sophisticated real-time monitoring platform designed to identify and prevent fraudulent activity.
A Leader in Fraud Prevention Services
With over 25 years of experience in providing expert solutions for preventing financial crime, Tietoevry Banking has solidified its position as a leader in the industry. The company boasts an impressive client base of over 100 banks and fintechs across Europe, leveraging its expertise in artificial intelligence (AI) and analytics to empower clients to stay ahead of financial criminals.
Comprehensive Fraud Prevention Services
The Tietoevry Banking Fraud Prevention Suite offers an extensive range of monitoring services that cover every stage of the customer lifecycle:
- Know Your Customer (KYC) checks: Ensuring accurate customer identification during onboarding
- Card transaction monitoring: Tracking and analyzing card-based transactions for suspicious activity
- Account fraud detection: Identifying and flagging potential account-related threats
- 3D Secure verification: Providing an additional layer of security for online transactions
Exceptional Detection Rate and Reliability
What sets Tietoevry Banking’s solution apart is its remarkable detection rate. According to the company, its platform consistently delivers a better than 90% detection rate for clients, 24/7, 365 days a year. This level of reliability and effectiveness has made it an attractive option for banks in Thailand seeking to enhance their anti-fraud capabilities.
Protecting Thai Banks from Emerging Threats
As the financial landscape continues to evolve, Tietoevry Banking’s Fraud Prevention Suite is poised to play a pivotal role in helping Thai banks stay ahead of emerging threats and safeguard their customers from financial crime.