Orion Financial Crimes Service
Your security | Our priority
In this section
Real-time monitoring.
Safer payments.
Indue’s Orion Financial Crimes Service provides real time 24×7 fraud detection and management, anti-money laundering (AML) monitoring, counter terrorism financing (CTF) monitoring, and sanctions checking across Australia and New Zealand. We fully understand the way financial crime has evolved, with technology now playing an increasingly significant role.
Powered by IBM Safer Payments, the industry’s first true cognitive fraud prevention tool, our agile solution integrates AI machine learning and model building tools. This enables our Australian based team of on-site fraud analysts to respond quickly to new fraud vectors.
We are embedding behavioural biometrics technology into our end-to-end payment solutions to create a seamless and safe digital experience for users. This technology analyses the physical and cognitive digital behaviour of customers to authenticate payments and detect fraud. These advancements will empower customers to make secure transactions without fear of cybercrime.
Established 20 years ago, our Orion Financial Crimes service consistently outperforms the Australian industry average in financial crimes prevention, offering credible, major-bank grade anti-fraud capabilities for small to mid-tier banks. Our performance is industry leading.
Why work with us?
The last 12 months have been busy! With more than 2.4 million accounts under management, our Orion Financial Crimes Service has access to a large pool of transactional data to detect trends, with rules tailored to meet your organisation’s needs.
Solution Highlights
Since the integration of IBM Safer Payments, the Orion Financial Crimes team has experienced a significant reduction in false-positive rates, and have been able to make rule changes up to 90% faster when compared to traditional platforms, while managing all payments channels in the one system.
Indue consistently outperforms the industry average in financial crimes prevention, offering credible, major-bank grade anti-fraud capabilities for small to mid-tier banks. We understand the way financial crime has evolved considerably, with technology now playing an increasingly significant role.
As the speed of transactions increases, through advancements such as real time payments, so too does the risk of fraud. To mitigate fraud, Orion Financial Crimes integrates human and artificial intelligence with machine learning algorithms to deliver a 24 x 7 fraud monitoring solution.
Because we offer a broad bureau service, we have a large pool of transactional data to detect trends that benefits each individual client.
To meet the challenge of the changing nature of payments, risk and compliance head-on, Indue, through its Orion Financial Crimes service, has placed IBM’s Safer Payments as the foundation software for transaction monitoring, enabling our clients to benefit from award winning state of the art tools for managing financial crimes.
Safer Payments utilises multiple supervised learning models that are customised by institution, payment channel and financial crime type. The models have the ability to be changed in real time avoiding large lead times, mitigating changing patterns and addressing events as they occur in real time.
Features:
- Comprehensive, flexible service
- Modular based solution able to build capability as commercial and compliance needs arise
- State of the art, award winning technology
- 24x7x365 Australian based team of experts
- High quality solution for fraud mitigation and AML/CTF monitoring
- Multi-channel solution
Orion’s card-fraud service monitors, identifies and acts to prevent suspicious card transactions – 24x7x365.
Features:
- real-time monitoring, identification and actioning of suspect transactions
- dynamic management of fraud detection rules and parameters
- support from Indue’s dedicated Orion Financial Crimes Analytics team
- 3D Secure Visa Secure, Mastercard Secure and we will support eftpos Secure
Anti Money Laundering/Counter Terrorism Financing
Indue’s Orion Financial Crimes AML/CTF transaction monitoring service monitors transactions for unusual patterns, which may indicate that the customer account is being used to facilitate activity reportable under the Anti-Money Laundering and Counter Terrorism Financing Act 2006 (Australia) or the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (New Zealand).
Features:
- Monitoring for unusual patterns that suggest potential reportable activity
- A flexible delivery model that lets you choose how to deal with unusual activity through Indue’s transaction monitoring tools (Safer Payments) and case management solution – Indue Connect
- Extensive end-to-end profiling on singular and multiple dimensions (accounts, ATMs, POS devices, and more)
- Any type of data can be used to inform the behaviour profiling, the data dictionary is user defined
- An Industry-leading detection platform. Safer Payments is completely configurable by Indue
- The option to subscribe to a managed detection ruleset, including:
- A program of ongoing detection model optimisation
- Actively managed typological risks & coverage
Where financial sanctions are applied to individuals by DFAT, our Orion team can screen customer or account names against a list of names – so you can ensure your payments won’t be in breach.
Features:
- Real-time monitoring, identification and action on suspect card transactions.
- Dynamic management of fraud detection rules and parameters by our dedicated Orion Financial Crimes Analytics team.
- Support by a specialist analytics and operations team to ensure monitoring algorithms remain up to date.
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