Empowering Financial Institutions to Combat FinCrime Collaboratively
In today’s digital age, financial institutions face an escalating wave of sophisticated scams. From romance scams to complex investment scams, criminals are not only becoming smarter but are also collaborating more effectively than ever. A staggering 94% of fraud incidents now involve intricate scams, exploiting the trust and resources of banks and their customers. In the instant payment world, criminals are transferring illegal proceeds across the banking ecosystem in a fast way. In fact, payments could swiftly traverse multiple money mule accounts within minutes. These highlight a challenging shift, emphasizing the need for a proactive and effective approach to fraud prevention.
At NetGuardians, we understand that it takes a network to defeat a network of criminals. Our Community Scoring & Intelligence (CS&I) solution is designed to transform how financial institutions combat fraud, scams, and money mules. By harnessing the collective intelligence and insights of a networked community transformed into a powerful scoring capability, CS&I significantly boosts your ability to detect and prevent financial crime more effectively, all while being fully compliant with GDPR and nLDP regulations.
Achieve up to a 20% improvement in fraud/scam detection through community-based insights
Proactively identify and stop money mules within your institution.
Contextualized information to accelerate case resolution
Participate in a secure and compliant exchange of financial crime insights with a network of trusted financial institutions and organizations.
Leverage AI-driven models that ingest real-time community insights to detect unusual patterns indicative of fraud or money laundering.
Improve detection with an advanced scoring system that reduces false positives by comparing new transactions against a community-generated database.
Contribute to and benefit from a continuous cycle of feedback that enhances collective knowledge and defensive measures.
The NetGuardians’ Community Scoring & Intelligence allows us to share information about new modus operandi with NetGuardians. Together we try to find new ways to mitigate these new frauds and improve our risk-models.
It is important for us, that other community members can benefit in a trustworthy environment from frauds which we have encountered.
Romano Ramanti, Ethical Hacker at Zürcher Kantonalbank
The NetGuardians’ Community Scoring & Intelligence Service will help organizations better protect themselves from cybercrime and fraud. We are pleased to be involved in this global movement to stop the fraudsters and help financial institutions protect their customers.
Michael Fuchs, Senior Information & Cyber Security Consultant at SWITCH-CERT, a CSIS Partner
Banque Cantonale de Fribourg (BCF) significantly benefits from NetGuardians’ Community Scoring & Intelligence service since its implementation. Thanks to the power of NetGuardians’ shared intelligence, we enhanced the effectiveness of our defense strategy, allowing us to make more informed decisions. The ability to automatically integrate, capture and share insights from NetGuardians allows us to flag fraudulent counter-parties already identified by the community. At BCF, we believe sharing intelligence is the way to combat fraud. We highly recommend this service for any organization looking to improve its risk management strategy.
Anne Maillard, Board Member at Banque Cantonale de Fribourg
CS&I is not just a tool; it’s a partnership. By joining, you become part of a formidable community of financial institutions united against financial crime. Together, we can protect our customers, reduce operational costs, and maintain the integrity of the financial system.
Take a proactive stance against financial crime with NetGuardians’ Community Scoring & Intelligence. Connect today to learn how collaboration can transform your fraud prevention strategy.
