How It Works

• The tool sources transaction data from various channels such as RTGS, NEFT, IMPS, CHEQUE, POS, CASH, ATM, FUND TRANSFER, etc.
• The data is routed through the rule engine processing module
• Transactions are analyzed and behaviors are identified based on the bank defined rule sets
• The alert message processing module kicks into action based on the analyzed behavior, thus generating timely alert
• Relevant parties are notified as per the respective rule set
• The workflow processing module comes into effect
• The flow of the suspected transaction analysis and investigation follows a predefined workflow defined by the bank.
• The data is sent for multilayer authentication levels starting with the maker/checker layer at the branch level
• The data is processed by analyst and the FRM teams at the central level
• The final authentication level constitutes the admin stamping the transaction, categorizing it as non-suspicious, suspicious or fraudulent
• In the latter scenario, the data flows back to the CBS for necessary actions of clearing, further investigation and legal actions respectively