Fraud and Risk Management

Bank Risk Management Tools

From federal mandates to the persistence of fraudsters, your bank must maintain constant vigilance to ensure compliance and mitigate risk. CSI’s suite of fraud detection and financial crimes solutions allow your financial institution to decrease its risk while adhering to federal regulations.

Features

Fraudulent Check Detection

A fraud detection system is an essential element of your bank’s risk mitigation strategy, and it’s the most effective way to prevent fraud against your financial institution. CSI’s fraud detection software integrates into our core banking platform, scanning for check fraud and safeguarding your bank and customers by:

• Leveraging automated positive pay to secure retail and commercial customers from potential check fraud
• Enabling customizable check number ranges and high-dollar limits based on your customers’ needs
• Identifying counterfeit, altered and unauthorized checks
• Detecting suspicious activity based on customers’ previous activity
• Alerting tellers of suspected items and verifying authenticity before checks are cashed

How to Mitigate Risk in Banking

Mitigating risk and fraud in banking is a dynamic. Luckily, CSI has the infrastructure, expertise and technology and meet the challenge of today’s most threatening fraudsters. Our core-integrated risk mitigation tools proactively monitor all retail and commercial accounts and enhance your bank’s fraud detection and prevention by:

• Monitoring transactions for suspicious activity and money laundering violations
• Issuing alerts for various types of bank fraud vulnerabilities
• Comparing amounts and frequencies to known fraud trends and parameters
• Maintaining FinCEN compliance
• Allowing authorized employees to create reports based on selected criteria