Prevent and detect Financial Economic Crime in one modular system

Supporting the end-to-end process and ensuring compliance and maximum effectiveness, Fectfinder is the first system of its kind. The system modular enables optimal collaboration between risk management, investigators and AI.

Prevent and detect Financial Economic Crime in one modular system

Financial economic crime (FEC) causes billions of losses each year and fraudulent strategies are constantly changing. To prevent and detect FEC you need extreme adaptability while complying with regulatory requirements.


Fectfinder provides just that. Developed with the best-in-class “know your customer (KYC) processes” and state-of-the-art AI in mind, it is the first modular system of its kind that benefits every business, big or small.

FEC detection technology that supports the end-to-end process. And makes sure you are compliant.

But what sets Fectfinder apart?

Maximum effectiveness

It is a rule- and AI-based system that targets specific risks and enables maximum effectiveness.

Compliance & efficiency

Real-time prototyping of rules ensures compliance and efficiency.

Self-learning

All feedback and assessment outcomes are stored in the system for AI-based, self-learning software.

Continuously updated

Input for risk assessment is continuously updated and always available.

Reduce effort

It is designed and developed around an efficient end-to-end process to reduce customer effort.

No back testing

There is no need for back testing/lookback as the software always looks outside rules.

A single system for all FEC-related activities

Imagine a system that enables optimal collaboration between risk management, investigators and AI. Imagine an efficient workflow that allows for instant implementation and investigation. A system that provides a complete overview of all KYC activities at the push of a button. One designed with regulatory compliance in mind, with activities stored and ready to audit at any time. Well, welcome to Fectfinder.

Rules-based system

Translate FEC risks into typologies and rules, all stored in one system. Prototype rules in real-time by interacting with data before the rules are applied.

Artificial intelligence

Learn from case investigations to enhance rules. Detect unforeseen suspicious behaviour using Fectfinder’s advanced pattern recognition, network analysis and anomaly detection.

Case investigations

Assess and track cases using full case management. Access optimal context for investigations through intuitive data visualisations.

Management information

Benefit from a full management overview to optimise the process and improve user efficiency and effectiveness. The FEC detection technology supports the end-to-end process and ensures compliance.

Artificial Intelligence

Unsupervised machine learning

Unsupervised machine learning algorithms can detect complex fraudulent behaviour that basic rules often oversee. We have implemented a winning combination of rules, supervised and unsupervised machine learning to ensure that you stop fraud in its tracks while remaining compliant.

Supervised machine learning

Because the end-to-end FEC detection process is in a single system, the case investigations results are stored and continously used for supervised machine learning. This means the system learns and in return you will learn from the system. The challenge is to isolate suspicious behavior effectively and efficiently and you will become increasingly better at this and at the same time be aware of what improvements the system is suggesting. This will prevent the system from becoming a black box as you will understand it's internal mechanics, but you can also explain it to the regulator.

Network analysis

Technology based on graph theory uncovers and presents complex networks and clusters, helping to reveal unusual patterns.


Pattern recognition

Advanced algorithms detect text patterns in transactions based on hidden messages in payment strings.


Anomaly detection

Multiple algorithms identify inconsistent patterns such as contextual or network outliers.

Applying effective rules

Our software combines a data-driven approach with AI to create effective rules that filter out suspicious behaviour and reduce the number of false positives. Fectfinder even lets you test your hypothesis before implementation – we can connect to cloud or on-premises data storage systems and enable real-time prototyping.

Case investigations

Our system provides a user-friendly dashboard with statistics and visualisations so you can make an evidence-based assessment and reach a reliable judgment. The dashboard can be configured and extended based on your individual needs. Consult the right statistics and visuals to make better decisions. Watch the system learn more with each correct assessment outcome.

Management information

Benefit from a full management overview to optimise the process and improve user efficiency and effectiveness. The FEC detection technology supports the end-to-end process and ensures compliance.

Risk Exposure

Formulate FEC typologies and validate these based on data. Repeat if needed to find the sweet spot.

Use investigation outcomes to keep on top of (changing) risk exposure.

Investigations

Keep track of current business and plan capacity. Let investigators learn from each other. Improve case handling with KPIs and prevent backlogs.

Rule and AI performance

Learn which rules and AI technologies score well and which don't. Descope rules or use AI suggestions to improve rules. Keep reducing false positives and become an FEC-finding champion.

Full audit trail

Keep track of all changes made to scope, rules or risk lists in the system. Report capabilities for internal and external purposes. Update governance and processes based on audit reports. Drastically reduce implementation time and operational costs.

Drastically reduce implementation time and operational costs.

Technology

We prioritise end-user experience to ensure seamless and smooth interaction between risk experts, investigators, and the relevant data.

The technology behind Fectfinder is extremely flexible and can be deployed in any environment. The microservices technology can be configured in any way desired: full or hybrid cloud, or completely on-premises. Our backend scales linearly, so it doesn't matter whether you have a couple of hundred customers or a few million.

What is more, Fectfinder is designed as a modular system and can easily incorporate any new innovation. Which means no need to invest in new systems.


Got you interested in a demo? Great! We would love to show you our solution!