Financial Crimes & Fraud Risk
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Financial Crimes & Fraud Risk
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Jack Henry Financial Crimes Defender

  • Transaction monitoring. Auto-detect fraud and get alerts before money enters or leaves your organization.
  • Reporting. Generate suspicious activity, currency transaction, and fraud reports. Help ensure BSA and other regulatory compliance.
  • Integrations. Connect to data across multiple financial tools, including Jack Henry’s Banno Digital Platform™ and payments solutions as well as third-party products like Zelle®, custom systems, and more.
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What makes Financial Crimes Defender award-winning breakthrough technology?

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see fraud from every angle

With Defender, you will be able to move all your fraud point solutions to a single platform, breaking down silos to look at fraud from every angle through a single window.

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keep up with the speed of transactions

You'll gain a fully hosted, cloud-based platform for fraud and BSA compliance with the Federal Reserve’s FraudClassifier model natively built in.

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leverage machine learning and AI

You can improve real-time fraud monitoring, utilizing the same ML/AI analytics that safeguard some of the world's largest banks and merchants.

functionalities

  • Monitor all accountholder transactions in real time*. Auto-detect fraud and get alerts to suspicious activity, before money enters or leaves your organization. Allow team members to flag and document suspicious activity directly within the platform.

  • Automatically gather all documents and accountholder data for suspicious transactions. Streamline investigations to effectively mitigate risk and recover funds related to fraud like account takeover, identity theft, and more.

  • Generate reports on suspicious activity, currency transaction, fraud, and more. See fraud trends and blocked accounts across other financial institutions. Identify potential fraud before it occurs.

  • Detect money laundering trends. Including layered, high risk, and structured transactions. Auto-screen against OFAC and watchlists. File SAR, CTR, and other federally required reports. Validate BSA and AML compliance.

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*Real-time fraud decisioning is based on Defender receiving the transaction in real-time.

$8.8B

Federal Trade Commission data shows consumers reported losing nearly $8.8 billion to fraud, an increase of more than 30% over the previous year.

$4.26

The cost of fighting fraud is rising, with every $1 lost to fraud now costing $4.26 in expenses such as legal fees and recovery.

$343B

Digital fraud losses are anticipated to surpass $343 billion globally between 2023 and 2027.

 

integrations

Differentiate your organization by connecting other tools – from Jack Henry or in combination with third parties.

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FAQs

  • Defender detects identity theft, account takeover, data breaches, and more. It also monitors transactions for AML trends, including crypto, international, rapid fund movements, and other unusual patterns.

  • Defender uses AI to monitor transactions for suspicious behavior. Including layering and structuring transactions, multiple international wires, and fraud trends. Automatically get prioritized alerts and steps to mitigate and recover funds.

  • Defender monitors incoming and outgoing transactions at your organization. Including checks and mobile deposits, transfers, ACH transactions, and instant payments.

     

  • Monitor every transaction for potential fraud and money laundering. Auto-generate suspicious activity (SARs) and currency transaction (CTRs) reports that meet regulation requirements. Easily file with the correct federal agency.

    Plus, automatically screen account holders and transactions against OFAC and other watchlists.

  • Yes, you can integrate your custom core and other third-party products using our open API. Includes account opening, loan, wealth, and payments systems. (Defender is in General Availability for SilverLake System® clients and is in the early adopter phase for Symitar®. CIF 20/20® and Core Director® integration starting soon!)

     

     

get started

Learn how Jack Henry™ can help you proactively combat financial crimes and fraud risk.

Request a Demo