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.
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.
It is a rule- and AI-based system that targets specific risks and enables maximum effectiveness.
Real-time prototyping of rules ensures compliance and efficiency.
All feedback and assessment outcomes are stored in the system for AI-based, self-learning software.
Input for risk assessment is continuously updated and always available.
It is designed and developed around an efficient end-to-end process to reduce customer effort.
There is no need for back testing/lookback as the software always looks outside rules.
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.
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.
Learn from case investigations to enhance rules. Detect unforeseen suspicious behaviour using Fectfinder’s advanced pattern recognition, network analysis and anomaly detection.
Assess and track cases using full case management. Access optimal context for investigations through intuitive data visualisations.
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.
Technology based on graph theory uncovers and presents complex networks and clusters, helping to reveal unusual patterns.
Advanced algorithms detect text patterns in transactions based on hidden messages in payment strings.
Multiple algorithms identify inconsistent patterns such as contextual or network outliers.
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.
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.
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.
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.
Keep track of current business and plan capacity. Let investigators learn from each other. Improve case handling with KPIs and prevent backlogs.
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.
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.
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.
