SMARAGD FPD IT-based system for the - cellent finance solutions AG

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ANTI-FINANCE-CRIME SUITE by Cellent Finance Solutions AG SMARA FPD IT-based system for the detection of financial fraud Financial fraud within banks has many facets and can cial institutions that detects and prevents all types of sometimes only be detected after the fraud has been committed. According to UN estimations approximately 5% of the real social product is accrued through financial and economic crimes. Companies are obligated to implement measures to prevent financial fraud. This must be done preventively, which means a detection of the fraud for short-term analysis. On the other hand this must be performed during normal operation, which means immediately prevent any further business actions after the detection of a fraud attempt. Detection of financial fraud 12 ■ Identification of complex fraud scenarios with time series analyses ■ Daily checking of business activities for fraud suspicion ■ Stopping of suspicious transactions based on complex fraud patterns ■ Identification of frauds and the customer base or as business partners ■ Exposure of corruption and internal fraud financial fraud. The application is comprised of two components that are combined in a professional way. ■ Fraud detection The methods and procedures for the detection of conspicuous business conduct will be used together with the processing of historical data of customers, accounts and transactions (fraud-detection). ■ Fraud prevention Prevention of fraudulent business through the online monitoring of transactions (fraud-prevention). Fraud-Detection ■ Daily accurate monitoring of customers, accounts and transactions for fraudulent behavior ■ Detection of fraudulent behavior based on predefined behavior patterns ■ Creation of customer and account profiles, that described the business behavior of each individual customer Fraud-Prevention In Fraud-Prevention the payment is monitored in real time for a predefined set of risk factors, such as the payment amount or involved risk countries. If during a payment significant deviations are detected which can indicate a financial fraud, the payment will be stopped. Subsequently this transaction will be analyzed by the case processing department. ■ Online checking of payment transactions based on customer profiles due to a fraud suspicion ■ Stopping and evaluation of online transactions with fraud suspicion SMARAGD FPD contains intelligent rule codes as well Case processing as scenarios and indicator models, which are adjustable The screening results are antomatically and audit-securely taken by the staff of the Compliance Department. over in the application, where they can be processed in a work- The SMARAGD FPD is the all-in-one solutio n for finan- flow. Case data is a relived and can be used in subsequent
GD FPD Innovations researches. Examples for fraud patterns: ■ Detection of fraud and unwanted business partners in the customer base ■ Monitoring of risk payments, such as - risky business partners - risky countries - risky business types ■ Account looting through stolen/forged account authorizations (phishing) ■ Capital collection points for illegal money or illegal usage ■ Financial agents for camouflaging illegal money ■ Corruption ■ Direct debit fraud ■ Misuse of dormant accounts ANTI-FINANCE-CRIME SUITE by Cellent Finance Solutions AG SMARAGD FPD combines the methods of long-term analysis of abnormal movements of funds with the methods of online transaction monitoring for the prevention of fraudulent financial transactions. What does FPD perform? With SMARAGD FPD fraudulent behavior of customers, business partners and staff can be detected through a long or short-term analysis. The fraud scenarios are configurable and can be modified or supplemented at any time by the specialist department. 13
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SMARAGD FPD IT-based system for the - cellent finance solutions AG

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