Financial Institutions require a well-integrated, comprehensive, cross-channel/cross enterprise fraud risk management strategy and infrastructure that covers the full range of activities from pre-customer acquisition to loss and loss avoidance reporting and every step in between, including:
â–?nbsp; New customer screening â–?nbsp; Deposit, payment and account maintenance monitoring â–?nbsp; Cross-channel branch, card, on-line and mobile access fraud management â–?nbsp; Internal “Occupational Fraud” oversight â–?nbsp; Leveraging shared-industry services and utilities â–?nbsp; Loss and loss avoidance data management, analysis and reporting
Engagements are unique for each client but often include:
â–?nbsp; Fraud and risk management strategy development â–?nbsp; Fraud and risk management infrastructure planning and implementation â–?nbsp; Assessment of organizational fraud exposures and development of a roadmap for loss reduction â–?nbsp; Evaluation of cross-channel protection and prevention methodologies â–?nbsp; Development of loss and loss avoidance metrics and loss reduction measurements â–?nbsp; Development of education programs for fraud professionals
