NuMonitor supports your compliance needs by monitoring transactions for suspicious activity and regulatory violations. Fully integrated into NuPoint, this platform detects potential money laundering and prevents losses from check and deposit fraud. NuMonitor automates the transaction-monitoring process, providing bank fraud detection, improving your compliance posture and freeing up personnel for other revenue-generating activities.
Banks who utilize NuPoint receive the following advantages for checking and savings accounts:
- Includes standard rules that mirror the types of fraud banks are most vulnerable to
- Compares amounts and frequencies to known fraud trends and parameters
- Allows bank personnel to select and manage monitoring criteria
- Identifies and reports transactions or patterns that fall outside the identified criteria
NuMonitor gives banks the ability to review potential fraud activity daily, weekly, monthly, quarterly or annually.