Build instant payments, not instant fraud
Protect your hard-earned reputation with frictionless authorized push payments fraud prevention at every step of your customer journey.
This rapidly growing fraud is your biggest existential threat
Authorized push payment fraud (or APP fraud) is a type of fraud in which fraudsters manipulate their victims into sending them real-time payments under false pretences, generally using social engineering and impersonation.
APP fraud accounts for 75% of all digital banking fraud losses, and neobanks and instant money transfer apps are prime targets for tech-savvy fraudsters looking to set up money mule and exit accounts. This exposes you to ruinous fees, reputational damage, and potential blacklisting by the wider financial industry—all putting at risk the frictionless convenience that drives your customer acquisition & retention.
Root out APP fraudsters to stay off payment blacklists
Cut down P2P scam rings without sacrificing customer experience. Resistant AI's expertise in document examination, behavior analysis, and transaction monitoring provides layers that complement one another and your existing systems, allowing you to stop money mules at onboarding, map suspicious relationships, and uncover the sleeper accounts lying in wait.
Stop synthetic money mules at onboarding
APP scams scale best by creating armies of fake accounts using forged or stolen information—and today it's easier than ever thanks to editing software, generative AI, and dark web marketplaces. As you take in documents through your usual workflow, our Document Forensics pick up on clues that humans can't—from near-invisible forgeries to reused genuines to device characteristics—to prevent synthetic money mules from entering your customer base.
Clean out sleeper accounts hiding in your customer base
APP fraud requires a large number of mule accounts to keep the money moving. So if you have a receiving account, you likely have sleeper mule accounts waiting to be activated. Find them with Transaction Forensic detectors specifically designed to identify behaviors associated with APP fraud, such as anomalous money flows and out-of-the-ordinary transaction information.
Perpetual KYC, network-wide
It's not enough to prevent one phony onboarding or identify one money mule account. When one suspect is unmasked, the combined capabilities of our entire product range check their info against every other bit of data at your disposal. Documentation, PII, onboarding behaviors, and content shared across accounts can reveal fraud rings and criminal enterprises even if they haven't yet sprung into action. This AI-powered approach adapts with and learns from each new customer and each new fraudster to give you end-to-end, perpetual KYC (pKYC).
Investigate scam transactions more quickly and effectively
Even with the best safeguards in place, customers can fall prey to scams that seem quite believable, and institutions are increasingly on the hook to reimburse victims. Transaction Forensics provides a one-two punch of support. First, flagging unusual characteristics in real time can help you notify customers of potential scams. Second, the straightforward explanations cut investigation time by hours or days, helping analysts track down perpetrators before the trail goes cold.
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