Navigating Intelligence Sharing Challenges in the Banking Industry

The banking industry faces mounting challenges in sharing intelligence to combat both authorized and unauthorized fraud threats. These threats include APP scams, cash-out fraud, synthetic identity fraud, Account Take Over (ATO), and first-party fraud. Simultaneously, banks strive to meet consumer expectations for enhanced services. However, this pursuit comes at a cost, as operational expenses rise for financial institutions and intermediaries.

One critical hurdle lies in the industry’s shift toward single-vendor approaches. While this trend may offer benefits, it also creates disparities in data centralization and normalization. Consequently, institutions find themselves unable to fully harness the power of intelligence to safeguard against fraud and enhance customer experiences

Enhancing Fraud Management with ACI’s Payment Intelligence Framework

ACI’s fraud management solution stands out due to its robust Payment Intelligence framework. Here’s why it matters:

Risk Mitigation: Beyond mere detection, ACI safeguards reputation and revenue. Its precise and actionable intelligence empowers institutions to respond effectively
AI Optimization: ACI’s patented AI capabilities dynamically and continuously optimize models, reducing operational costs while staying ahead of evolving threats
Rich Insights: Processing over 225 billion transactions annually, ACI leverages diverse signals—device IDs, behavioral analytics, pattern detection, and more—to build accurate decision profiles (event and non-event-based)

In the dynamic landscape of fraud prevention, ACI’s blend of intelligence and innovation sets the gold standard.

ACI’s Cutting-Edge Fraud Management: Empowering Financial Institutions

ACI’s robust fraud management solution is anchored in the Payments Intelligence framework, a sophisticated ecosystem that seamlessly integrates advanced technologies. Let’s delve into the specifics:

State-of-the-Art AI Models: ACI harnesses the power of cutting-edge artificial intelligence (AI) models. These models continuously learn and adapt, ensuring optimal fraud detection and prevention.
Proprietary Network Intelligence: Our proprietary network intelligence technology enables secure sharing and consumption of industry-wide fraud signals. Banks, processors, acquirers, and networks collaborate seamlessly, enhancing the effectiveness of machine learning models. By maintaining the strength of custom, proprietary signals while complementing them with community-exchanged insights, ACI empowers institutions to stay ahead of evolving threats.
Operational Efficiency: ACI’s approach has yielded impressive results. Institutions have witnessed a remarkable 75% reduction in operational costs and fraud losses. Moreover, our false positive precision ratio stands at an impressive 3:1, minimizing unnecessary alerts and streamlining investigations.
Strategic Autonomy: ACI’s technology isn’t just about mitigating risks; it’s about enabling institutions to thrive. We empower business autonomy, allowing institutions to align our solutions with their core strategies. Whether it’s optimizing revenue streams or enhancing customer experiences, ACI’s technology is a strategic enabler.

In summary, ACI’s Intelligent Payments Orchestration not only safeguards against fraud but also fuels growth and innovation. As financial institutions navigate the complexities of the digital landscape, ACI stands as a trusted partner, driving excellence and resilience

Learn More - ACI Fraud Management for Banking - Knowledge Hub

ACI Fraud ManagementACI Worldwide

ACI Fraud Management

ACI Worldwide

ACI Fraud Management

ACI Worldwide

ACI Fraud Management
ACI Worldwide