FRED is a self-optimizing machine-learning capability that provides fraud protection across all payment channels. FRED helps Financial Institutions to apply a highly effective defense, in a rapidly changing technology landscape against sophisticated fraud. With an advanced risk ranking algorithm, FRED will transform unstructured data into useful intelligence that ensures accurate decision-making.
FRED Addresses Several Common Industry Problems
- Challenges of buying, deploying, training, and managing separate technology platforms for different needs (e.g., products/instruments/portfolios including debit and credit cards, checks, ACH / Wire, etc.)
- Barriers to using state-of-the-art, data-driven decision-making systems using smart rules, ML and AI, in fully automated real-time response settings, or in conjunction with manual submissions guided by data insights
Information silos that are disjointed and do not talk to each other, preventing a single version of information, either across the board or in a single view of customers’ transactions across products/portfolios
- Lack of easy access to customer behavior with respect to debit, credit, and retail banking as a means to identify emerging trends
FRED Is a Smart Solution For Cross-Channel Fraud Mitigation
Competitive Advantage Through Operational Excellence
We believe driving operational excellence is the pathway to digital transformation and competitive advantage. To help clients achieve that goal, we combine technological innovation with data-driven insights and human expertise. Our solutions and services can be customized to meet the needs of financial institutions of all types and sizes.
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