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:
▪ New customer screening ▪ Deposit, payment and account maintenance monitoring ▪ Cross-channel branch, card, on-line and mobile access fraud management ▪ Internal “Occupational Fraud” oversight ▪ Leveraging shared-industry services and utilities ▪ Loss and loss avoidance data management, analysis and reporting
Engagements are unique for each client but often include:
▪ Fraud and risk management strategy development ▪ Fraud and risk management infrastructure planning and implementation ▪ Assessment of organizational fraud exposures and development of a roadmap for loss reduction ▪ Evaluation of cross-channel protection and prevention methodologies ▪ Development of loss and loss avoidance metrics and loss reduction measurements ▪ Development of education programs for fraud professionals
