With an estimated $15B in check fraud attempted per year, check fraud is on the rise. While current solutions can catch many types of check fraud, they can also trigger tedious manual processes and false positives, costing institutions time and money for additional analysts and custom data science platforms. Enter Check Fraud Defender.
The premier AI-powered and cloud-hosted model for fighting check fraud, Check Fraud Defender reduces the number of checks routed for manual review and can help reduce risks associated with synthetic and account fraud, forged checks, and theft.
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