APP FRAUD PREVENTION

Revolutionising financial crime detection

Run all your inbound and outbound faster payments through a fully orchestrated solution to connect to, identify and prevent financial crime threats including APP Fraud.

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The fight against fraud

The landscape of financial crime is witnessing a disturbing trend with APP fraud rapidly escalating, with a 22% increase in cases year on year. This surge in fraudulent activities has resulted in substantial financial repercussions, amounting to losses of 485 million in addition to the mental harm done to victims.

At Form3 we are setting a new industry benchmark, with the first APP fraud solution to offer inbound transaction monitoring. This is crucial as with APP fraud it is not about who sends the payment, but who receives it.

Key Features

01

Insight-Driven Protection

Benefit from our extensive market-level intelligence on evolving FinCrime threats.

02

Network Intelligence Advantage

Leverage the collective insights and data from a vast network for superior fraud detection.

03

Dynamic Outbound Scoring

Assess and mitigate risks in outbound transactions with our advanced algorithms.

04

Comprehensive Inbound Analysis

Our innovative approach to scoring inbound payments sets a new standard in fraud detection.

How it works

Outbound Transactions
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Outbound Transactions

Form3 FinCrime Orchestration on Outbound Payments allows banks to augment their own screening with additional intelligence being gathered from Anti-Financial Crime Providers, including Fraud Prevention, Sanction Screening and AML, and then shared via subscription to your decisioning platform before Form3 takes your recommended action on the payment - including Hold, Reject or Pass.

01. Submit payment to Form3.
02. Execute FinCrime Orchestration.
03. Request insights.
04. Return insights.
05. Return insights from partners.
06. Return decision.
07. Process outcome.

Inbound Transactions
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Inbound Transactions

Form3 FinCrime Orchestration on Inbound Payments operates as an additional layer of Financial Crime monitoring within the Form3 estate before the payment clears to the receiving bank account. This allows banks to augment their own screening with additional intelligence being gathered from Anti-Financial Crime Providers, including Fraud Prevention, Sanction Screening and AML, and then shared via subscription to your decisioning platform before Form3 takes your recommended action on the payment - including Hold, Generate a Return or Pass.

01. Receive payment from scheme.
02. Accept payment.
03. Execute FinCrime Orchestration.
04. Request insights.
05. Return insights.
06. Return insights from partners.
07. Return decision.
08. Process outcome.

Solution Benefits

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Elevate your fraud prevention technology

Form3's APP Fraud Prevention solution allows you to run all your inbound and outbound faster payments through a fully orchestrated solution. Identify and prevent financial crime threats and take control back from the fraudsters.