PAYMENT FRAUD PROTECTION
Expose deception and accelerate payments with AI
Identify and stop criminals in real-time with enterprise-wide, AI-powered fraud detection analytics—and prevent fraud at the source.
Protecting brands from payment fraud
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55%
Reduction in false positives
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50%
Increase in payment fraud detection
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<50ms
Detection and scoring latency
Preventing payment fraud is an organizational priority
When criminals access accounts, customers are angry, regulators critical, and reputations damaged. SymphonyAI’s payment fraud solutions outpace the volume, speed, and sophistication of fraud and outperform antiquated security measures.
Access out-of-the-box rules and models for immediate results. SymphonyAI’s library includes 45+ scenarios such as romance scams, account takeovers, and money mule schemes.
Outpace regulations and demonstrate compliance with simplified workflows, reporting, and models. SymphonyAI’s financial crime prevention solutions evolve with mandates.
Enable investigators to make concise, confident decisions based on key contextual information. SymphonyAI’s payment fraud solutions process alerts quickly and effectively.
Create a cohesive strategy. Payment fraud solutions from SymphonyAI support your organization with a single, enterprise-wide deployment.
Payment fraud solutions—powered by AI
Screen extreme transaction volumes in real-time while enabling instant payments and effective investigations. NetReveal Transaction Screening combines flexible list integration with generative and predictive AI to improve match accuracy and bolster your sanctions screening efforts.
SymphonyAI’s NetReveal Transaction Screening draws upon 350 supported watchlists in 60+ languages. Screen against millions of watchlist entries in as little as 40 milliseconds. Dynamic risk assessments are supported by automated watchlist updates, and new watchlists can deploy enterprise-wide in as little as 15 minutes.
Screen extreme transaction volumes in real-time while enabling instant payments and effective investigations. NetReveal Transaction Screening combines flexible list integration with generative and predictive AI to improve match accuracy and bolster your sanctions screening efforts.
SymphonyAI’s NetReveal Transaction Screening draws upon 350 supported watchlists in 60+ languages. Screen against millions of watchlist entries in as little as 40 milliseconds. Dynamic risk assessments are supported by automated watchlist updates, and new watchlists can deploy enterprise-wide in as little as 15 minutes.
Innovative AI—unmatched, expert support
Utilize our deep domain knowledge to protect your customers
With 25+ years of experience developing market-leading payment fraud products, SymphonyAI is a partner to the world’s largest financial institutions.
Investigate and understand the full customer lifecycle
Cover the complete customer lifecycle and integrate your data with a single solution for anti-money laundering efforts and your entire compliance ecosystem.
Transform your capabilities with predictive and generative AI
Enhance your payment fraud prevention efforts with industry-leading predictive and generative AI, and supervised and unsupervised machine learning.
Connect enterprise-wide payment fraud prevention efforts
Tear down the silos that inhibit investigators with complete, scalable payment fraud and financial crime prevention solutions for your entire organization.
Customer success is our success
EUROPEAN BANK
Leading European bank saves €3.5m per year
A leading bank was looking for a high-scalable case manager to deal with the increasing complexities of global operations and support investigators in efficiently navigating compliance requirements.
SymphonyAI’s Sensa Investigation Hub was chosen for its infrastructure and ability to connect and consolidate risk. With a single, subject-centric view for financial crime investigations, it proved to be an invaluable AI assistant for the bank, improving investigation quality and resulting in approximately 20% of effort savings within the first few weeks of use.
U.S. REGIONAL BANK
Large Bank Prevents Payment Fraud with SymphonyAI
In the preceding year, a large U.S. regional bank saw a 140% uptick in attempted payment fraud attacks, specifically for wire and SWIFT transactions. The bank needed a solution that protected large payments settled quickly.
Upon implementing NetReveal Payment Fraud, financial crime prevention was enabled at the source. The solution provided a safer and faster customer journey. By arming the team with real-time information, they were empowered to identify and counter threats instantaneously.
Remarkably, the bank has experienced several ‘no payment fraud loss’ months—an exceptional achievement given the volume of transactions they process.
Industry awards
Employ end-to-end financial crime prevention—scalable to your needs
Tap into fully-integrated and connected detection
Solidify each aspect of your organization’s anti-money laundering and financial crime prevention efforts. SymphonyAI’s end-to-end solutions for payment fraud ensure investigators are prepared to expeditiously protect your customers—while conserving resources allocated for payment fraud prevention.
Adapt to risk as it emerges
Expose new financial crime typologies across risk domains with easy-to-understand connected detection. SymphonyAI’s payment fraud solutions show investigators where risk is coming from and how to counteract it. Investigators can update your organization’s rules and AI models with ease—and stay one step ahead of criminals.
Connect fragmented data and siloed teams
Transform your organization’s investigations by connecting once fragmented data and teams. SymphonyAI’s solutions for payment fraud create a single-subject view across all risk domains. Equip your investigators to succeed at financial crime prevention—with remarkable precision and speed.
Discover the value of SymphonyAI
Strengthen your ability to prevent payment fraud with AI-driven financial crime prevention solutions—backed by support from strategic experts.
Related resources
Payment fraud FAQs
The team at SymphonyAI is here to answer your questions about financial crime prevention and our solutions. Here are some of the most common.
SymphonyAI provides AI-powered payment fraud prevention solutions designed to detect and stop fraud in real-time, protecting financial institutions from losses associated with account takeovers, scams, and unauthorized transactions.
The platform uses AI to increase payment fraud detection by 50% while reducing false positives by 55%, ensuring quicker and more accurate identification of fraudulent activities.
The platform uses AI to increase payment fraud detection by 50% while reducing false positives by 55%, ensuring quicker and more accurate identification of fraudulent activities.
SymphonyAI’s out-of-the-box models cover 45+ fraud scenarios, including romance scams, account takeovers, and money mule schemes, allowing institutions to counter diverse types of fraud.
Yes, SymphonyAI’s solution supports real-time transaction screening with detection and scoring latency under 50 milliseconds, making it suitable for handling large transaction volumes effectively.
Clients have reported significant improvements, such as a U.S. regional bank that reduced payment fraud losses to zero for several months despite a 140% increase in fraud attempts.
SymphonyAI’s payment fraud solution includes simplified workflows, dynamic risk assessment, and real-time reporting, helping institutions meet regulatory mandates with greater ease and accuracy.