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Stop Wire FraudGuardian Analytics Wire for Fiserv WireXchangeExclusive Solutions OverviewAugust 12, 2016
2© 2016 Guardian Analytics, Inc. – Confidential & Proprietary
The Rise of BEC Wire Fraud
3© 2016 Guardian Analytics, Inc. – Confidential & Proprietary
FBI Continues Issuing PSA’s for Escalating Problem
1300 percent increase in victims affected since June 2015
M
$179 M
15-Aug
M
$747 M
16-Jan
M
$960 M
16-Jun
+436%
1,198 14,0327,066
Percent increase in funds lost
Guardian Analytics Protects
4© 2016 Guardian Analytics, Inc. – Confidential & Proprietary
• Fiserv strategic partner of choice • Proven, real-time, out-of-the-box integration • 50+ WireXchange customers and growing
Guardian Analytics Wire Successfully Protects WireXchange Customers
5© 2016 Guardian Analytics, Inc. – Confidential & Proprietary
6© 2016 Guardian Analytics, Inc. – Confidential & Proprietary
Customer Successes
“In just the first three weeks of using GA real-time wire module, we prevented four fraudulent wires totaling over $21,510.”
Regional Bank | 2.8B in Assets | 2,500 wires/month
“With Guardian Analytics real-time wire, we were able to eliminate over 90% of our workload for reviewing and processing wire transfers.”
Community Bank | 600M in Assets | 500 wires/month
“Guardian Analytics helped stop $160K in fraud for our organization.”
Credit Union | 2.2B in Assets | 1,000 wire/month
“In two months, Guardian Analytics prevented $19M in BEC fraud.”
National Bank | 20B in Assets | 83,000 wires/month
7© 2016 Guardian Analytics, Inc. – Confidential & Proprietary
• Real-time integration eliminates delays in risk scoring and decision making
• Automated intervention reduces manual reviews with auto-hold of high risk wires and auto-release of low risk wires
• Streamlined wire workflow to better manage wire queue efficiently and effectively
• Easily integrated, easy to use
Fight Wire Fraud with Guardian Analytics
© 2016 Guardian Analytics, Inc. – Confidential & Proprietary
Real-Time Wire Intervention for Fiserv WireXchange
WireXchange
API Wire
RequestAuto
Release/Hold
Manual Release/Cancel
Wire Transfer Methods • Fiserv WireXchange sends wire data to Guardian Analytics for real-time risk-scoring
Customer/Criminal
Manual Release/Canc
el
Send to
Fed
• Guardian Analytics Wire returns risk-based auto-release or auto-hold instructions
• Analyst reviews prioritized alerts in Guardian Analytics Wire - risk factors and history
• Manual release or cancellation instructions managed through Guardian Analytics
Rec’d from Fed
Fraud Analyst(s)
8
9© 2016 Guardian Analytics, Inc. – Confidential & Proprietary
Guardian Analytics Wire Demo
10© 2016 Guardian Analytics, Inc. – Confidential & Proprietary
Guardian Analytics Platform Certification
Get Certified!
Learn more: GuardianAnalytics.com/ServicesRegister: [email protected]
11© 2016 Guardian Analytics, Inc. – Confidential & Proprietary
Download the
datasheet
Lorinda Garms [email protected]
Next steps
Visit us on YouTube
Contact us for a more in-depth discussion about how yourfinancial institution can fight wire fraud.
Check us out online!
For more information: www.GuardianAnalytics.comThank you!
