Auditability, Fraud Detection and Analysis
This page explains implementing the use case of fraud detection & auditability using a combination of Finscale micro-services.
Summary: Every tech system leaves a trail. In Finscale implementation too, you have the power to exploit the auditability and stop fraud before it even takes place.
Auditability:
Audit and assess ongoing predictions & analytics in the credit services with Finscale |
Presentation layer for accessing the Risk Analytics across the loan lifecycle events for a uniquely flagged loan application |
Presentation layer for accessing the Risk Analytics across the loan lifecycle events for a bulk auto approved loan application |
Presentation layer for accessing the Risk Analytics across the loan lifecycle events for a bulk auto rejected loan application |
Fraud Detection and Analysis:
Audit and assess ongoing Analytics Service manual entries with a time stamp and event oriented |
Ability to access, tamper proof audit logs for each system entries manually originated such as manual approval of flagged loan applications |
Audit transactions to identify fraud risk in credit application memo generation process, monitor suspicious decisioning behavior, false positives like money laundering |
Early warning system:
Early Warning provides info about consumers' activity and recent history to help FI's detect and tackle fraud, assess risk on consumer based triggers |
Ability to provide early warning that provides info on internalized user to help FI's detect employee fraud and assess risk |
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