TietoEVRY will help you tackle criminal activities and prevent financial losses, leaving you free to focus on what really matters to you and your customers.
This unique combination provides TietoEVRY’s customers with operational efficiency, effective end-customer interactions, fewer false positives, and shared costs on compliance and technological development.
Close to one hundred satisfied customers are already enjoying the lowest basis points in the market, monitoring and reporting in compliance with PSD2, and saving millions of Euros each year through TietoEVRY’s fraud prevention service. As an example, DNB enjoyed a 98% detection rate on card fraud in 2020. Due to the high detection rate, below one percent of cards issued by the bank were actually subject to fraud.
TietoEVRY’s calculations suggest that implementing a managed service for monitoring payment card transactions and accounts can save customers between 25% and 60% in operational costs. Moreover, utilizing consortia rule sharing enables TietoEVRY to detect fraud faster, protecting payment service users and organizations from criminal activity more efficiently.
At TietoEVRY we offer an alternative to high running costs and heavy technology investments. Through our extensive experience in running financial crime prevention operations for our customers, we have created an optimal setup for leveraging the latest technology in line with regulatory demands. Combining different transaction types in a multi-tenant monitoring utility, we can detect patterns at entity and network level, creating opportunities to share threat patterns across customer portfolios.
One of the key benefits of a multi-tenant managed service is having both depth and range in data, making it possible to see both the finer details and the big picture. Combined with the intelligence provided by our customers and partners is vital to us. It means our systems and staff are far better equipped to deal with changes than they would be if looking at a single portfolio.
In our managed service, highly trained investigators work 24/7/365 on monitoring emerging risk patterns together with machine learning algorithms and AI. As soon as the system detect or stop a specific transaction, our response team will notify your end client.
About TietoEVRY’s fraud prevention solution
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If you want to free up your resources to concentrate on your core business, innovation and value-creating activities, onboard to TietoEVRY’s financial crime prevention managed service. TietoEVRY will help you tackle criminal activities and prevent financial losses, leaving you free to focus on what really matters to you and your customers. In the fight against financial crime, we’ve got you covered.