Fraud Detection Software
Top Rated Products
(1-3 of 3)
D&B Finance Analytics is a global credit-to-cash solution that provides Dun & Bradstreet data, analytics, and technology to help improve cash flow, increase operational efficiency, and mitigate risk. This AI-driven solution comprises two platforms – D&B Credit Intelligence…
Riskified, headquartered in Tel Aviv, helps businesses to realize the potential of eCommerce by making it safe, accessible, and frictionless. Their eponymous platform allows online merchants to create trusted relationships with their consumers. Leveraging machine learning that benefits…
Midigator provides a chargeback management approach with the goal of protecting the user's revenue in the most efficient way possible, displacing time-consuming and error-prone processes associated with chargebacks. Midigator's strategy includes: - Preventing chargebacks - Fighting…
All Products
(76-100 of 245)
ThisData offers real-time detection of Account Takeover (ATO) attacks for web and mobile applications. ThisData provides users with total visibility with zero configuration required. How ThisData works: • Real-time detection of account takeover via analysis contextual user information.…
Digital Resolve Fraud Detection is offered by Digital Resolve, of Digital Envoy, a company in Norcross, Georgia, which in turn is a unit of Dominion Enterprises.
Explore recently added products
As businesses embrace digital transformation, they face frequent and sophisticated cyberattacks. Outseer FraudAction monitors the threat landscape to shut down cyberattacks that target your customers or impersonate your brand.
CSG Digital Wholesale supports telecom operators worldwide with the CSG Digital Wholesale suite—Interconnect, Route, Assure and Exchange—a suite designed to help protect and improve interconnect margins and improve the customer experience through comprehensive billing, rating and…
Amdocs Business Assurance (cVidya) is presented as an AI-powered, industry-specific offering predicts and mitigates all emerging and future risks throughout the business assurance lifecycle, covering acquisition, behavior, and care. The service aims to ensure faster, more accurate…
Mobileum is a provider of Telecom analytics for roaming, security and risk management and end-to-end domestic and roaming testing solutions, headquartered in Cupertino. The vendor states more than +900 operators rely on its Active Intelligence platform to increase roaming revenues,…
Comarch Fraud Protection is a software solution suite designed to detect and combat fraud with the help of AI. Comarch Fraud Protection aims to increase the efficiency of suspicious event detection compared to rule-based methods. The solution is based on machine learning, which is…
Futurae’s customer authentication helps address: «When users see the login to a customer platform as a hurdle?»«Help-desk costs are getting out of hand due to complicated onboarding and login methods?»«When existing authentication technology is inflexible and does not cover all cases…
Giant Oak's GOST is a search and retrieval platform that screens entities and prioritizes information to identify threats to operations and business at scale.
Subex operates in the space of Digital Trust, boasting having provided solutions for 75% of the world’s top 50 telcos. Founded in 1992, the year when the video-telephone was launched, Subex has been present during the evolution of mobile technology. They are consultants to global…
The faster financial payments are made, the faster fraud takes place. OneSpan Risk Analytics leverages machine learning and data modeling to analyze data in real time to produce a transaction risk score. The risk score can then drive intelligent workflows that trigger immediate action…
Just like the many-eyed giant Argos from Greek mythology, Argos KYC aims to provide a global online identity verification solution for KYC and AML screening. Argos KYC provides online identity verification solution services that help users to stay compliant with the regulations. Identity…
Visa authorization solutions include Visa Advanced Authorization and Visa Risk Manager, two tools that work together. Visa Risk Manager helps to reduce fraud and increase approval rates by harnessing global data in real-time and creating authorization rules to streamline fraud operations.…
Using proprietary data and artificial intelligence, Advanced Identity Score helps detect fraud where others don't, in order to enable new approvals with confidence and ease.
Logically is a technology company combining advanced artificial intelligence with human expertise to tackle harmful and problematic online content.
Lenvi Riskfactor is software used to prevent fraud and improve efficiency through risk management software and fraud analytics. Lenvi Riskfactor is combined fraud prevention technology and risk management software. It includes support from dedicated receivables finance experts who…
The Bottomline Cyber Fraud and Risk Management Platform, from Bottomline Technologies in New Hampshire, provides behavior analytics for suspicious behavior detection, predictive risk scoring, provides audit data and is dedicated to providing financial institutions and corporations…
Oscilar is a no-code, AI-powered risk decisioning platform that helps fintechs manage fraud, credit and compliance risks. It is designed to protect online transactions from fraud, theft and risk, by protecting online transactions of all manner. Oscilar is further presented as a real-…
aiReflex from Fraud.com is an omnichannel transactional orchestration and AI fraud detection solution, providing a definitive and final risk score to deliver precise and fair user experiences. The vendor states it scores events in under two milliseconds, offering a 360 degree view…
Fourthline is a European-based provider of digital KYC (Know Your Customer). Boasting trust by banks, online brokerages, insurers and leading fintechs, Fourthline verifies millions of identities for customers like N26, DeGiro, Solarisbank, Flatex, ING, and others. The vendor states…
Sardine is a behavior-infused fraud & compliance platform that helps to detect scams before they happen, and subtle changes in user behavior over time that demonstrate fraud, AML or sanctions risk. This is combined with data enrichment from sources like email, Telco, open banking…
Hiya Protect is a fraud and spam call service designed to block these while not interfering with legitimate calls, from Hiya, headquartered in Seattle.
WhenThen is a no-code platform for building payment experiences and automation through a simple integration and orchestration of FinTech APIs. Global e-commerce, marketplace and digital platforms can use WhenThen's no-code editor to build experiences and automations with the goal…
Learn More About Fraud Detection Software
What is Fraud Detection Software?
Fraud detection software automatically monitors transactions and events in real time to detect and prevent fraudulent activities occurring in-house, online or in-store. It prevents improper access to sensitive company and customer data. The suspect transaction or event is flagged and can be manually reviewed through an investigative dashboard.
Fraud detection software prevents illegitimate activities related to payments, purchases, and chargebacks. It is used to secure web, mobile and phone based financial transactions. The software helps prevent digital payment fraud, and account takeover by validating identities sometimes employing two step authentications, and by identifying malicious logins, and bot activity.
Click fraud software is used by online advertisers to identify and block malicious and non-converting traffic. Fraud detection software is also used to prevent insurance fraud, and money laundering. The software helps ensure compliance with security and data privacy regulations.
The software can monitor internal and external data, employees, customers, transactions, events, and databases. Detection and prevention are based upon rules or predictive models.
Fraud detection software increasingly uses AI for Predictive Analytics which identifies fraud patterns Ai is also employed for Customer Analytics which detects deviations from a customer’s usual behavior and Social Media Analytics which gathers information from social media and blogs. These patterns are analyzed to help identify fraudulent behavior.
In the future behavioral biometric capabilities will be readily incorporated into fraud detection software. This entails analyzing a user’s mouse gestures, typing speed and pattern to detect deviations from the norm as an indicator of potentially fraudulent activity. Real-time biometric analysis will prevent identity theft and account takeovers.
Fraud Detection Software Features
· Data security and privacy regulations compliance· Real-time fraud monitoring of internal and external data, employees, customers, transactions, events, and databases.· Real time transaction screening and review· Pattern recognition / Anomaly detection· Custom fraud parameters – establish organization specific parameters and thresholds to trigger fraud prevention actions· Investigations· Security management – manage role-based user access to transactional data to prevent tampering or hacking· Internal fraud monitoring – review of internal actions to determine need for investigation
Fraud Detection Software Comparison
Consider the following when purchasing fraud detection software.
Use Case – What kind of business or organization will be using this software? Banks and financial institutions, eCommerce and online retail, physical and in-person services, will all have different challenges when it comes to fraud prevention. Some fraud tools are specialized to support those needs, other vendor offerings are generalized to support a wide range of industries.
For Financial Fraud Protection – It is essential that the product has the capability to perform real-time analysis to flag suspicious activities as they occur and to take the appropriate actions.
Dashboards – a robust dashboard provides the capability to review transactions, identify patterns, provide insights, and make informed decisions.
Pricing Information
Pricing is driven by the number of transactions/queries, validation and grouping rules supported, features provided and level of customer support. Basic plans range from $25 to $1,000 a month. Some enterprise plans begin at $1250 a month. Licenses can cost $49,000 or more. Many vendors require a quote for their product and services.
Related Categories
Frequently Asked Questions
What does Fraud Detection Software do?
What are the benefits of using Fraud Detection Software?
Financial – It protects against revenue loss by identifying fraudulent transactions and minimizing false declines.
Security – It prevents access to sensitive customer and company data and prevents account takeovers.
Brand Reputation – When an organization is exposed to fraudulent activities, its reputation can suffer as there can be a loss of trust. Minimizing this exposure protects the brand.
Customer Experience – Proper use of automated fraud protection software will seamlessly approve legitimate customer transactions in a timely manner.
What are the best Fraud Detection Software products?
These are some of the more popular fraud detection products.
Sift Digital Trust & Safety Suite