What Are Fraudulent Transactions?

Anti-fraud is a service to identify fraud such as transaction fraud, internet fraud, phone fraud, card theft and number fraud. Online anti-fraud is an essential part of Internet finance. Common anti-fraud systems include: user behavior risk identification engine, credit information system, blacklist system, etc.

Anti-fraud

Right!

Chinese name: Anti-fraud
Category: solution

Features: system
Make up: Five parts

Through this structure, it can effectively support bank risk management and meet the needs of risk management development. Banks can implement the architecture based on the current business needs and future development goals of their own risk management, as well as the banking business system environment (as shown on the right)

The credit card transaction anti-fraud system contains five parts: data collection, fraud detection, system management, reporting, and database.

Anti-fraud database

The database includes a rule base, a fraud transaction base, a checked transaction base, an information base, and a behavior model base. The rule base records the rules used to detect fraudulent transactions; the information base records system maintenance information; the fraud transaction base records have been confirmed by the fraud system as suspected fraudulent transactions; and the tested transaction base records bank card transactions.

Anti-fraud system management

The system management part is responsible for handling fraud monitoring, parameter management, transaction inquiry, and rule management. It maintains the stable operation of the entire system. The operator of the risk management department processes the fraudulent transactions through the system management module, is responsible for connecting the case management system, and submits suspicious transactions to the case management system for further processing through system management.

Anti-fraud data collection

Data collection is responsible for transaction screening, field clipping, and data loading. The collected data comes from the tested transaction library. The data acquisition subsystem is responsible for obtaining various specifications of transaction data and converting these transaction data into a unified format that can be recognized by the detection subsystem. In this way, the detection subsystem can focus on the detection work without having to worry about the transformation of external transaction formats.

Anti- fraud and fraud detection

Fraud detection is responsible for transaction scoring, rule detection, and fraud storage. It is the core subsystem of the entire anti-fraud system. Including scoring engine module and rule engine module.

Anti-fraud monitoring reports

Monitoring reports are extremely important for the application and management of transaction anti-fraud systems. It is mainly divided into management application, business statistics, and system security. Reports can help business and risk managers understand the effectiveness of fraud detection and staffing. At the same time, by monitoring the process and analyzing the reports, you can evaluate the existing rules and make necessary corrections and adjustments to the parts that are not ideal, so that the anti-fraud rules for credit card transactions can be gradually changed over time and changes in fraud patterns . In addition, it can also help to reasonably allocate personnel, so that the efficiency of auditors can be brought into full play. The rationality of the design of the monitoring and reporting system will directly affect the final application effect of the system.