![]() Yet the window for manual investigation and action is typically 30-90 days for banks, which could mean your cash is already long gone by the time the bank has done anything. Banks use rule based detection that will flag for manual intervention if fraud is potentially detected. However, attempting to prevent and detect fraud manually is time-consuming and prone to inevitable human error. Financial institutions must institute airtight fraud protection processes and solutions to maintain successfully mitigate risk and protect their brand reputation and credibility.īut how do banks investigate unauthorized transactions? In a fast-paced world of international commerce, fast fraud detection is crucial. ![]() But in practice, relying on banks alone is simply not good enough. Banks investigate unauthorized transactions to eliminate fraud and costly losses to businesses and individuals. ![]()
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