Question: Do you know of a system that can monitor transactions and identify suspicious behavior to prevent fraud in real-time?

If you're looking for a system to monitor transactions and flag suspicious activity in real-time to prevent fraud, ComplyAdvantage is a good choice. The AI-powered system automates laborious manual processes to reduce false positives and optimize the compliance workload. It flags transactions from suspicious locations, countries and behavioral patterns in real-time to help shorten onboarding cycle times and improve screening efficiency.

Another powerful option is IBM Security Trusteer, a cloud-based system that uses AI and machine learning to authenticate customers and prevent fraud across all channels. With features like real-time fraud detection, mobile device risk assessment and compromised device detection, Trusteer helps businesses reduce the risk of unauthorized access and keep customers moving through their journeys.

Feedzai is a financial fraud detection software company that works with retail banks, corporate banks and fintechs. Its suite of tools includes transaction fraud monitoring, AML transaction monitoring, KYC/customer due diligence and more. Feedzai protects more than 900 million customers around the world by ensuring frictionless account opening and digital trust while detecting fraud at speed and scale.

If you prefer a more flexible system, SEON uses advanced digital footprinting and machine learning to monitor user activity in real time and provide AI-powered insights for fraud detection. The system is designed for a range of industries, and can be integrated through APIs or the AWS Marketplace. SEON is used by more than 5,000 online businesses around the world to automate fraud checks and ensure regulatory compliance.