FCDMS

Financial Crime Detection & Management

Your defence against financial crime
Financial fraud is as old as the industry itself, and it continues to be a significant expense for many financial institutions.
The threat is real, immediate and persistent. Fraud in financial institutions exposes them to both monetary loss and
reputation risk.
One of the greatest challenges that financial institutions face in managing fraud is handling huge volumes of fragmented
data from disparate sources. This, coupled with multiple products, channels, instruments and parties makes fraud detection
sub-optimal without automated systems. A comprehensive solution must include the ability to scour vast amounts of data,
provide an integrated view across data streams and must possess the tools to analyse, investigate, and enrich data,
thereby transforming it into meaningful, valuable, and actionable intelligence on preventing and detecting potential fraud.
Financial Crime Detection & Management Solution (FCDMS) combines analytics and monitoring. The unique two pronged
approach enables users to pick product components and/or services that are most relevant to their environment and
processes.

Real time
intervention
coupled with
batch mode
capability
Covers
external as well
as employee
fraud

Seamless
integration with
verification and
databases

FCDMS
Flexibility to
mix and match
product and
service
requirements

Proprietary
Beehive model
for core
analytics
Differential
monitoring
using ID
analytics

BANKS BUILDING SOCIETIES FACTORING COMPANIES

INSURANCE COMPANIES GOVERNMENT

Financial Crime Detection & Management

Key features
FCDMS is a browser based web application developed on the J2EE framework with industry standard design patterns.
The system runs on multiple operating systems, is scalable and interacts with multiple source systems.
Its unique technology platform is designed to handle security vulnerabilities and an active-passive clustered environment
ensures minimal downtime to users. The solutions unique and innovative modules provide organisations with:
Flexibility to identify potential fraud in real time or batch mode
Customisable algorithms to suit environments and product/channel specifications as per explicit requirements of
organisations
ID analytics enable calculation of ID scores at the application entry level using a combination of inputs such as
application scoring, check against external databases, and evaluation of third party involvement
De-duplication to trace and analyse all existing relationships with the applicant, irrespective of the type of relationship
as a customer, beneficiary, or even a third party. De-duplication helps mapping activities of customers across segments
and also at application entry level
Built-in proprietary Beehive model of core analytics to generate scores with respect to inconsistencies within a
transaction or with reference to the larger environment of operations
Powerful tracking mechanism to track breaches and surges to trace frequency and patterns of Repetitive or Unusual
Behavior (RUB)
Built-in rule library and builder to target patterns in identity fraud, cheque kiting, account takeover, employee/internal
fraud, loan fraud, invoice fraud, debtor fraud, benefit fraud and third party fraud
Rules engine to create new/hypothetical patterns
Integrated alert and case management system to optimise work efficiency, prioritising, analysing and resolving
warnings/alerts raised by the system based on rules and profile monitoring

Core benefits
Aggregate evidence across multiple fraud Indicators
Leverage multiple techniques and differential filtering mechanisms using the complete information available to make
intelligent decisions
Early warning system includes checking, blocking, flagging or limiting transactions in case of suspicion
Incorporate proven adaptive profiling technology
Adaptive profiles scale down false positives and provide a direct spin-off benefit of increased investigation efficiency
Configurable, risk based approach
Risk scoring parameters and thresholds can be configured to a bank's specific fraud risk environment
Real time checks and fraud propensity assessment help reduce the incidence of fraud

For further information contact:

marketing.we@3i-infotech.com
+44 (0)20 7071 3000
www.3i-infotech.com

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Disclaimer: This document is for informational purpose only. 3i Infotech makes no warranties, expressed or implied in this document. Copyright 2010 3i Infotech. All rights reserved.