Duplicate Message and Fraud Detection

The processing of duplicate and fraudulent messages is easily avoided and yet it occurs far too often.

Increasingly, organisations have invested in sophisticated automation that can process large volumes of requests in real time. These companies need to protect themselves against the financial and reputational risk attached with processing duplicate and fraudulent payments.

Aqua Global’s Duplicate Message and Fraud Detection Module safeguards an organisation from this problem arising as a result of accidental or deliberate actions.

The solution is highly flexible and can be configured to select exactly, what data elements in a message are to be used, to determine if a message is a duplicate or fraudulent. The solution can be configured for any service channel such as SWIFT FIN, ISO 20022, Local Clearing, mobile banking etc. as well as manual input.

Benefits

• Monitors and protects in real time
• Highly scalable for any service channel
• Increases security and reduces risk
• Automatic alerts for exceptions
• Simple to use
• Minimal changes to existing environment
• Quick to deploy
• Full audit