Alessa is a platform that offers complete control and financial crimes risk management solution that helps the organization to identify suspicious activities in compliance and other programs quickly. It comes with an early detection tool that allows users to investigate the activities as soon as they happen and helps users in making informed decisions.
Moreover, users can create an auditable trail through it, and it enables them to comply with regulations. The platform comes with an AML compliance technology that helps in detecting suspicious activities and reduces false positive issues. It comes with transaction monitoring and screening, regulatory reporting, advanced analytics, workflow automation, and other such features.
Alessa provides users an on-demand screening tool that helps users to evaluate the risk of an entity by entering their information in the system. Users can easily confirm or dismiss log decisions for future reference. Lastly, it offers services in payments monitoring and screening.
#1 KYC Portal
KYC Portal is a client lifecycle management platform that allows users to have the full ownership of policy automation from increasing operational efficiencies to business relationship outreach. The platform helps all kinds of businesses to collate information relating to different subjects and allows users to have a secure and unified repository with fully customizable fields.
The configuration engine in the KYC portal allows users to have complete control of the compliance to define and maintain the regulatory framework and enables teams to tailor the entire process. Moreover, the application view feature of the software helps users to visualize the whole console by associating assessed subjects in a nested format.
KYC Portal helps businesses in automating the entire onboarding process for corporate clients by allowing them to access the security tool. It comes with a real-time transaction monitoring tool that enables users to hook up to the database for instant reporting.
FileInvite is a simple platform that allows users to collect documents and information about their clients. The platform enables users to create a secure client portal for documents and comes with a digital signature service through which they can ensure it. Users from different fields such as accounting, agencies, education, human resources, etc. can use it.
The platform allows users to add their logo to the clients where they can add the information of their clients and can access it anytime. It comes with forms and e-signature which clients can fill to validate the whole process of information gathering.
FileInvite offers real-time notification to users when the document arrives, and users can collate, approve, or reject the document according to their needs. Users can get templates, which they can use to customize the forms to get the required information. Lastly, it keeps all the data secure and provides encryption-grade file protection.
#3 Actimize AML Essentials
Actimize AML Essentials is a cloud-based platform that is built for addressing the issue of money laundering and provides an anti-money laundering platform to tackle all challenges. It covers many areas for users, such as Transaction monitoring, customer due diligence, and sanctions screening.
The main goal of this platform is to optimize the approach to financial crime management by integrating AML compliance and fraud prevention capabilities. The platform comes with a consistent risk management tool that offers end-to-end financial crime prevention services on a single risk platform.
It helps in creating a consistent process across the whole program and offers them the broadest view of risks to understand them better. Actimize AML Essentials comes with the best detection rate to allow users to lower false-positive rates and provides the tools to detect any anomaly. Lastly, it provides complete visibility and transparency into detection logic and saves endless hours of regulators.
#4 World-Check Risk Intelligence
World-Check Risk Intelligence is a platform that helps users to protect their business from financial crimes and reduce their risks. The platform comes with the due diligence screening obligations with accurate and structured information. The primary software purpose is to help users in meeting their regulatory obligations, to make informed decisions and prevent their business to become part of corrupt practices.
The platform allows users to deliver accurate and reliable information, and it comes with analysts across the globe, who adhere to the guidelines while collecting information. The platform allows users to easily integrate it with their workflow screening tools, both in-house and cloud-based.
World-Check Risk Intelligence has excellent features, such as politically exposed persons, their close associates and state-owned entities, etc. Moreover, it offers reliable intelligence and applies rigorous quality control. Lastly, it offers up-to-date information to users through their research centers and has subject special analysts.
#5 SAS Anti-Money Laundering
SAS Anti-Money Laundering is a sophisticated end-to-end anti-money laundering solution which helps in delivering unprecedented prediction and detection capabilities to users to decrease the overall compliance cost. The platform comes as a comprehensive solution that supports transaction monitoring, customer onboarding, and real-time watchlist screening.
The software offers regulatory reporting capabilities to users on a single integrated platform and comes with the robotic process automation. The platform offers a data orchestration tool that centralizes the enrichment and transformation of multiple data types to get the analytics right.
Furthermore, it has an agile platform that unites all analytical tasks from data access preparation to machine learning, and AI for a high-performance environment. SAS Anti-Money Laundering provides entity-centric investigations that give users a holistic view of risks with entity analytics that enables AML analysts to visualize complete networks. Lastly, it is elastic and scalable and can adjust itself in any environment.
#6 NICE Actimize
NICE Actimize is a platform that enables users to access the risks which they face and helps in staying compliant with the ever-changing regulations in the financial crime field. The platform allows users to detect, prevent, and investigate money laundering, fraud, and other related crimes.
Its anti-money laundering software helps users in keeping their organization protected and offers them a true customer lifecycle management feature. The platform comes with fraud and authentication management software that helps in managing multiple authentication methods, optimize fraud defenses, and offers extensible fraud protection for all payment types.
Users can get fraud analytics with expert-driven machine learning analytics and offers fraud protection for both traditional and emerging payment methods. NICE Actimize comes with an investigation tool that provides actionable intelligence needed to gain a holistic view of risk and ensure oversight in these cases. Lastly, it allows users to transform their data into actionable insights.
#7 Oracle Adaptive Access Manager
Oracle Adaptive Access Manager is a proactive enterprise security software that helps users in improving the security of sensitive online operations and provides them real-time analytics. The platform offers security to users through anti-phishing, anti-malware capabilities, and risk-based authentication features. For enhanced security, it allows users to set up fingerprints for all of their screens, even if accessed through a browser.
The platform comes with an OTP authentication software and provides real-time risk analysis to enhance the working capacity of the security software. Moreover, it offers layered-access security, which enables users to track other devices and perform risk-based identity verification.
Oracle Adaptive Access Manager is a single security platform that is for both the browser and mobile applications. It comes with active compliance, which allows users to prevent incidents and have a rich audit trail. Lastly, it enables users to reduce help desk calls and prevents fraud and misuse before.
#8 SEON Sense Platform
SEON Sense Platform is a modular and AI-powered fraud detection software that deliver clear results with an automated, machine-driven workflow. The software provides fraud managers with a way to handle business and operations to avoid fraud issues. It can be integrated with the current working software of users to get a transparent fraud score in no time.
The platform allows users to track the movement of users across the incognito browsing through new methods, and it comes to a high entropy browser and fingerprint IDs. It enables users to cross-reference the collected data points of customers to identify fraud users among other people.
It comes with an outstanding UX that has an intuitive dashboard design which has customizable widgets, collaboration tools, scoring engine, and much more. Lastly, it offers a predictive scoring tool to users to help them in combining machine intelligence with human insights for better results and detection.
#9 Digital Resolve
Digital Resolve is an effective online security and fraud protection solution that offers services through real-time identity intelligence, authentication, and access control. It proactively secures online accounts, information, transactions, and interactions from login to logout. It comes with single sign-on protection that provides security to users through a single set of credentials.
The single sign-on capability replaces integration with easy configuration and strengthens the security with stronger credentials. Moreover, it also reduces the number of passwords that users need to remember for their accounts. It combines the power of behavioral profiling, calculated risk factors to automate the authentication process in a transparent manner.
Digital Resolve helps users in addressing the full fraud lifecycle and allows users to monitor their every interaction and transaction to uncover any suspect behaviors. It traces all the activities at the site and user-level across various channels and determines the regular pattern of suspect activity.
#10 CGI HotScan360
CGI HotScan360 is an all-in-one comprehensive financial crime solution that offers real-time fraud detection, payment filtering, and offers customer due diligence. It allows the financial institutions to scan all of their customer transactions, activities ad behavior in real-time along with transaction monitoring. Users can score real-time activities and identify the possible money laundering and fraud chances.
It comes with a case management tool that allows users to investigate the incidents and helps them to anticipate the next steps. Moreover, it offers all modules through a single solution, compiling all the latest regulations making it the complete enterprise financial crime platform.
CGI HotScan360 has the full control of decision monitoring and processes and allows users to integrate with non-standard internal and external data sources to normalize the data. Moreover, it covers all the standard digital banking channels along with all other sources and offers a detailed view of the bank’s risk situations.
#11 Barracuda Sentinel
Barracuda Sentinel is a platform that offers AI-based protection to users from account takeover and phishing. The platform helps users to block those threats which are present in their inbox that comes with traditional emails, which security gateways cannot see. It allows users to stay a step ahead of attackers with AI-based threat detection and enables users to detect personalized fraud.
The platform works silently in the background to block various fraudulent emails from reaching the users and helps in detecting the threats coming from internal and external sources. It enables users to detect signs of malicious content through AI and stops speak phishing attacks using web impersonation.
Barracuda Sentinel helps users in detecting suspicious log-ins by tracking their IPs and informs the IT administration when any such unusual behavior is observed. Lastly, it prevents third party domain spoofing and offers visibility to users in the case of legitimate and non-legitimate emails.
#12 IBM Trusteer
IBM Trusteer is a platform that allows users to accelerate the digital growth of the company through its fraud detection and protection capabilities and keeps users safe from malicious attacks. It helps organizations in detecting the fraud, establishing trust across the omnichannel and journey of the customer. The software comes with AI, which allows users to identify new and existing customers by improving their experience.
The platform offers continuous digital identity assurance, and it transparently identifies unauthorized access and activities. It is scalable and comes with an agile cloud platform that helps in establishing cross-organizational insights through real-time assessments.
IBM Trusteer provides advanced machine learning technology layered with intelligent services that assess risks, reduce operational costs, and helps users to improve security. Its Pinpoint Detect technology allows users to outsmart malicious identities with behavioral biometrics. Lastly, it helps users in digital power transformations by seamlessly assessing the risks of all digital identities.
AMLcheck is an AI-based solution that allows you to protect your business from involvement in criminal activities like money laundering and terrorist financing. The solution helps you screen your candidates and customers that will help to minimize risk and ensure your company has no involvement in criminal activity. It includes advanced, proprietary algorithms which allow it to provide highly targeted risk scoring, making it easier for companies to assess potential risk factors during the onboarding process.
The service also provides you with on-demand customer information and transaction monitoring, allowing you to take proactive measures before the point of non-compliance. Moreover, it also provides related services like anti-corruption screening and screening for potential terrorism links to provide you with a holistic screening service that you can rely on. All in all, AMLcheck is a great tool that you can consider among its alternatives.
#14 Oracle Bharosa
Oracle Bharosa is a fraud and identity theft control system that helps you combat these problems in your organization. Its patented technologies stop online id theft and fraud before it occurs by anomaly detection, eliminating the costly and tedious effort of identifying and reporting it afterward. Its Pro-Active Fraud Management system can detect and prevent fraud before transactions occur. The system monitors transactions as they occur in real-time, looking for any illegitimate activity.
In this way, it provides an effective solution for fraud prevention, reducing the time and money spent on traditional fraud-recovery efforts. You can implement this as a backbone of your company’s transaction security. The solution can be integrated into Oracle or non-Oracle environment with all the tools available as a SaaS or on-premises platform. All in all, Oracle Bharosa is a great tool that you can consider among its alternatives.
#15 BAE Systems NetReveal
BAE Systems NetReveal is a proven and scalable solution for detecting financial crime, risk management, and fraud. It provides you with a single global view of your entire transaction environment by delivering timely, actionable intelligence that helps prevent fraud and other financial crimes.
With the increasing sophistication of cybercrime, financial institutions need a new way to protect themselves from both external and internal fraudsters, who are increasingly focused on exploiting weaknesses in their systems and processes to commit a crime. This is where BAE Systems NetReveal becomes the perfect solution for your organization.
It strengthens your company’s resilience to fraud, starting with effective anti-money laundering programs coordinated by front line staff, fraud detection and prevention efforts by those who identify risks, structured analysis of how criminals operate using the latest data science methods and technologies, and ultimately top-level management commitment to reducing fraud across all your business lines. All in all, BAE Systems NetReveal is a great tool that you can consider among its alternatives.
#16 Sanction Scanner
Sanction Scanner is an Anti-money laundering compliance solution that provides many tools like AML name screening, transaction screening, and monitoring and adverse media screening modules. Its easy-to-implement solutions automate the screening of names, PEPs, and transactions while embedding your bank’s AML policies in every step of the transaction process.
You can implement it in Banks, MSBs, Regulated Money Transfer Companies, Remittance Service Providers, Government Agencies, Risk Analytics Companies, and Law Enforcers worldwide for KYC compliance purposes. Sanction Scanner uses proprietary technology to solve the United States OFAC screening problem.
With its globally comprehensive adverse media data, it ensures that your risks are identified before it reaches your customer. With Ongoing Monitoring, you can plan the control period according to customers’ risk profiles. As a result, ongoing monitoring protects your businesses from risks such as non-compliance and reputational damage. All in all, Fiserv Fraud Risk Manager is a great tool that you can consider among its alternatives.
#17 Fiserv Fraud Risk Manager
Fiserv Fraud Risk Manager offers a tool that helps you deploy a defense mechanism against money laundering, fraud, and financial crime. It simplifies the complex world of fraud management, and it works as an on-premises, as a managed service, or as an add-on to existing Fiserv data and analytics services. The result is fraud prevention at lower costs, optimized fraud detection and investigation, and reduced risk of customer attrition and fines.
Fiserv Fraud Risk Manager enables organizations to proactively identify and mitigate threats regardless of where the fraud originates. It provides real-time aggregation and analysis of internal and external fraud data, helping organizations detect and prevent low-to-moderate fraud activity and protect against instances of high-to-massive fraud.
Other notable features include a purpose-built user interface, specialized analytical models and reports, preconfigured dashboards and workflows, a variety of alert options for fraud investigation, and point-and-click workflow creation. All in all, Fiserv Fraud Risk Manager is a great tool that you can consider among its alternatives.
#18 Kount Complete
Kount Complete is an eCommerce anti-fraud solution that helps companies reduce their data, assets, financial losses and grow their business. It empowers merchants to confidently accept payments online while reducing the cost of fraud and eliminating the pain points associated with manual workflows. Kount is one of the leading providers of fraud prevention technology, with thousands of customers in multiple countries. Its advanced AI and machine learning block or challenge known fraud attacks and suspicious activity.
The solution focuses on stopping three main types of payment fraud; Card Stealing, Card Data Impersonation, and Card Data Substitution. A great feature is that you can customize the rules and terms on which it detects frauds with a certain level of risk threshold. You get an in-depth analysis of future fraud policies and improve marketing campaigns across channels. All in all, Kount Complete is a great tool that you can consider among its alternatives.
#19 Fraud.net Guardian
Fraud.net Guardian is a fraud detection and management solution that uses AI to detect anomalies in a system and implements prevention measures before it attacks your system. It helps you reduce the high cost of lost merchandise, chargebacks, and customer dissatisfaction. The solution provides actionable insights into your transactions and helps you find the right customer at the right time in the right channel. This can be used by financial institutions, service providers, and retailers to keep online transactions safe and secure.
Frauds can erode the bottom line and even compromise your customers’ identities. Fraud.net is created with unique insight into the behavior of fraudsters to help you reduce fraud before it impacts your business. Incorporate the latest machine learning insights and data science techniques into your fraud management capabilities and create real-time reports and presentation-ready charts with just a few clicks. All in all, Fraud.net Guardian is a great tool that you can consider among its alternatives.
TransactionGuard by Entrust provides you with the intelligence team needed to proactively deal with fraudulent activity, which in turn means gaining the confidence you need to accept more orders. You can automatically block high-risk payments before they hit your account, balance real-time traffic data with advanced analytics to identify fraud risks, gather information on each transaction, and initiate case management centrally while leveraging the best fraud analyst tools in the industry. This zero-touch fraud detection solution will help you reduce losses and increase revenue.
The solution can be used by financial institutions and e-commerce merchants and get real-time monitoring of transactions, automatic detection of fraudulent activities, and comprehensive case management tools for your anti-fraud team. TransactionGuard analyzes every transaction, even those that have been traditionally difficult to detect, such as card-not-present, cross-border and multi-device transactions. It can be deployed in any environment, including the cloud, on-premises, or hybrid clouds, and has been battle-tested with hundreds of millions of transactions.
#21 WorldCompliance Search Tool
WorldCompliance Search Tool by LexisNexis is regulatory compliance and anti-fraud management software that helps you monitor clients’ profiles and transactions from the database in order to secure them. This search tool is a way to help buy-side users conduct searches of companies and individuals who may not be found on the FICOM database.
The tool also enables you to search for additional information about the company’s directors, shareholders, and related legal entities. The Search Tool uses our WorldCompliance database, a comprehensive database of over 30 billion records, to support screening for corporate identity, financial and legal risk, and country-specific due diligence.
The search results are displayed in easy-to-read profiles, which allow for a quick review of the information found in the jurisdictions where you need it most. This also includes a variety of details regarding a person’s or company’s names, addresses, number of directorships, number of criminal convictions, and general information such as phone number, email addresses, website, and social media links.
Esurksha is a solution that acts as an invisible shield against fraud and data theft for Ecommerce, Banking, financial & CRM applications. With the growing complexity of online frauds, financial institutions are in search of solutions that can detect such frauds as early as possible and minimize financial loss.
Esurksha has been designed to fulfill this critical requirement. It tracks user behavior and detects threats such as fraudulent orders, shopping cart stuffing, account takeover, and identity theft. The solution employs the latest machine learning algorithms to detect various categories of frauds and prevent loss to the bank.
Esurksha also provides an interface to enter the threshold values and thereby enables banks or businesses to tweak the system as per their requirement. By leveraging multiple data sources, it identifies illegitimate users with a high degree of accuracy, providing businesses with the intelligence needed to identify, monitor, and prevent fraudulent transactions. All in all, Esurksha is a great tool that you can consider among its alternatives.
Sift is a digital trust and safety platform that allows users to prevent fraud and helps businesses to innovate ad growth without any worry of threat. The platform enables users to achieve best-in-class growth by aligning their risk and revenue and helps them to prioritize user experience.
It helps users in maintaining the situation of status quo and allows users to adopt new mindsets and technologies. Sift protects users from all different kinds of areas and ways through criminals can hurt the integrity of a platform or organization such as fake accounts, hurting the credentials, etc.
It allows users to embrace a new approach to grow their revenue by preventing all types of online fraud. Sift offers a user-friendly console that enables users to investigate easily and automate and align the user experience according to the risks. Lastly, it provides expert consultation through a team that offers tailored assessment solutions.
#24 Global RADAR
Global RADAR is a fraud and money laundering control management system that helps you eliminate any kind of suspicious behavior before it harms your system. The solution helps you create a secure environment where users trust the company and easily open accounts while ensuring compliance with global regulatory requirements.
It simplifies the process of identifying new customers, assessing risk, and ensuring their proper due diligence throughout the onboarding process. For example, banks are required to check and verify the identity of their clients using global databases. The process is highly manual, inefficient, and very prone to error.
Global RADAR’s software platform automates the process and can help banks comply with the Bank Secrecy Act, reducing operating costs and false positives. With Global RADAR, businesses can speed up the process of account opening, have 365 days of access to their account 24/7/365, and digitalize customer records while maintaining compliance with all high-risk account opening regulations. All in all, Global RADAR is a great tool that you can consider among its alternatives.