Fraud Risk Indicator
IBAN-Name Check Add-on
Provides additional data points upon a payment
Lowers manual time and costs
Sharpens your fraud detection
Limited integration effort
How does it work?
The Fraud Risk Indicator (FRI) is a solution on top of IBAN-Name Check: an add-on to the current API. Essentially, the add-on provides additional data points; risk indicators that will help the bank to determine whether there’s an increased risk or a decreased risk of fraud.
Fraud Detection & Monitoring
The FRI is meant for implementation at the Fraud Detection / Transaction Monitoring system, not in the front-end.
This helps to prevent fraud because additional fraud cases can be spotted upon payment initiation, thanks to risk increasers, like a “hit” in the PolitieNL database or the fact that an account is newly opened.
Lowers the number of false positives
The FRI helps to lower the number of false positives on the fraud analysts backlog, thanks to risk decreasers like the number of account holders.
FRI Modules
Account Context
- Get additional data points on the context of the bank account, e.g. was the bank account recently opened
- Use these data points to significantly reduce the number of false positives in your fraud detection system
Dutch Police
- Get an alert if more than 3 police reports were filed against the beneficiary IBAN. This supports Dutch and non-Dutch IBANs.
Overview additional features
for Banks
PayID
European IBAN-Name Check
Switch Check
Ready to use the Fraud Risk Indicator?
Integrate the Fraud Risk Indicator in your API
Do you already use the IBAN-Name Check API and are you interested in implementing the Fraud Risk Indicator? You can schedule a meeting with Wendel Middendorp, Business Development Manager.
