What it is
Fraud Transaction Alert Automation uses AI to detect unusual account activity in real time and notify customers and banks immediately. Instead of relying on delayed manual reviews, the system flags suspicious transactions instantly to prevent losses.
Why it matters
Fraudulent transactions can damage trust, cause financial loss, and harm customer relationships. Manual fraud detection is too slow for today’s fast digital banking. Automation ensures rapid detection, reduces false positives, and enhances security.
How it works
- AI monitors all transactions in real time.
- Flags unusual behavior like large withdrawals, overseas payments, or rapid transfers.
- Sends instant alerts to customers via SMS, WhatsApp, or email.
- Customers can confirm or reject transactions with one click.
- Alerts also notify bank security teams.
- Dashboards analyze fraud trends and false positives.
