Thredd has introduced the launch of One View, a fraud detection answer developed in partnership with Featurespace, a Visa firm specialising in monetary crime detection.

The brand new system permits each card and non-card funds to be monitored beneath a single, network-agnostic interface and guidelines engine to reinforce fraud detection effectivity.

One View consolidates card and non-card cost knowledge, together with account-to-account (A2A) and person-to-person (P2P) transactions, into one interface.

This supplies a extra complete view of buyer behaviour, permitting for simpler fraud detection whereas decreasing operational workloads.

The businesses stated the answer removes the necessity for fraud analysts to work throughout separate techniques for various cost varieties.

As a substitute, it affords a unified interface with constant workflows and logic, simplifying investigations, decreasing time spent switching between techniques, and dashing up case decision.

“For the primary time, fintechs, banks, and different organisations concerned in funds processing can profit from streamlined processes that allow them to totally utilise cost knowledge to spice up fraud detection and make the world a safer place to transact,”

stated Jason Blackhurst, World Head of Featurespace and Acceptance Threat Options at Visa.

“Shoppers selecting the brand new answer additionally profit from Thredd’s experience and in-house companies in integrating and optimising the system.”

“Now fraud groups can spot uncommon behaviour patterns that may not be flagged in remoted techniques and select to equip themselves with self-resolving alerts that may be despatched on to clients, enabling them to approve or decline transactions themselves,”

added Anthony Gudgeon, Head of Fraud Operations at Thredd.

“Consequently, shoppers cut back their customer support workload and might take away the necessity for twenty-four/7 guide monitoring.”

In line with Thredd and Featurespace, the API-first, plug-and-play answer permits shoppers to deploy rapidly and obtain outcomes with out in depth coaching.

It may be applied as a substitute for current fraud techniques or as a further layer throughout card and cost channels, aiming to stability fraud prevention with buyer expertise whereas decreasing false positives.

Featured picture credit score: Edited by Fintech Information Singapore, primarily based on picture by digitizesc through Freepik