Harmony Fraud Detectorthe easiest, fastest and most flexible IT solution for

detecting fraud

Real-time fraud detection

Vulnerable to “fraudulent” transactions ?

Use our real-time fraud detection service:

the easiest & fastest road to detect fraud.

Unlike traditional IT systems,

real-time rule changes

enable high detection levels,

and workflow controlled actions to follow-on.

This might be a fraudulent situation;

how would a bank know,

how to act upon this?

multiple card transactions in a short time frame,

average transaction amount exceeds the account profile setting.

Case 1: debit/credit card fraud

Case 2: IRS/belastingdienst benefit claims & fraud

multiple requests for social benefits,

with identical SSN* and/or telephone no, and/or email address and/or …

* BSN in NL, NI in UK

This might be a fraudulent situation;

how would the IRS know,

how to act upon this?

Case 3: Wendy confronted with fraud

This is a fraudulent situation;

because Wendy was travelling in Europe.

Obviously, her Bank didn’t know this.

Withdrawal from her account by an ATM in south-east Asia

Conclusion

Traditional IT limits to detect fraudulent behavior,

makes it hard to act upon possible fraudulent cases,

no [simple] option for customers to control

settings.

limited agility [to act],

increases “workload” [to fix/prevent]

excessive [costs].

The solution: Harmony Fraud Detector

A real-time monitoring & case management system

that filters suspicious transactions, creating tasks to

act upon potential fraudulent behavior.

Innovative profiling, adaptive, implemented in a

fraction of the time [it usually takes], at a fraction

of the cost.

Benefits

Dual purpose solution / single license fee:

- facilitates domain experts: next-to-none learning curve

- for IT experts: standard architecture & platform

Superior (mainframe) price/performance:

pay only for what you use … (like your electricity bill)

Customer self-service: Customer controlled profiles.

Connects to IoT (Internet of Things): open, sensor & event driven

“Fraud detector” monitors transactions:

filters out fraud “suspects”

using “patterns” & customer’s profile.

Creates cases,

assigns cases to groups for follow-up

Fraud detector: what it does

Domain experts, like data managers, accountants, fraud investigators, managers, even directors, define rules;

without the need for IT specialists.

Rules are simple to create: Do It Yourself IT the rules spreadsheet is an easy to understand format.

Use decision tables :self explanatory.

Setting-up Fraud Detector

The Fraud detector platform

Fraud detector runs on Google *, Amazon, Linode or your own platform

24 x 7, managing hundreds transactions/second.supports real-time rule changes

Agile and automated testing using Testimony

DIYIT = business IT, saves time & money, increases quality

* Google Compute Engine tops all other platforms for scaling, 24x7 and price

Who’s using Fraud Detector

• Financial institutions

– Banking, insurance, investment

• e-Commerce

– Companies marketing B2C goods

• Consulting partners

– Forensic knowledge providers

• In need of smart, flexible and high ROI IT solutions

Costs / business model

• We deliver a turnkey cloud solution

– licensing income based on:

• Transaction complexity

– Single record / multiple record transactions

• plus [number of] transactions

– Modeling this to “user based” pricing

• plus [number of] account profiles

– charging for extra availability & scalability

• High availability / redundancy 24x7 = 99,998

• “spikes” in transactions

– Xmas shopping, super-sales [days]

Nanno van der Laan, co-founder marketing & sales, creator of the team

Nikola Kasev, co-founder creator of Harmony

Minto van der Sluiscreator of Testimony

Nanno, Nikola and Minto (from left)

About us