Post Bank implemented cross-channel an antifraud platform of SAS

On July 4, 2019 the Post Bank announced end of the first stage of the project on implementation of a cross-channel system of counteraction to fraud using methods of social engineering. A system is implemented on an antifraud platform of SAS. At this stage the module on protection of payment card transactions is implemented. The project is performed jointly with GlowByte Consulting company.

The antifraud system in real time counteracts transaction fraud, reaction to suspicious transactions is performed online. A system is developed on the basis of so-called fingerprint – sets of signs, confirmatory that transaction is made by this client. It can be the phone number from which it makes payments, and transaction behavior, characteristic of it. If these data do not match, then a system gives a signal to the employee of the bank that transaction can be suspicious. At the same time the antifraud platform of SAS works by cross-channel principle, protecting both maps, and mobile bank, and Internet bank, and other channels of service and also has the module AML (Anti Money Laundering is counteraction to money laundering).

"The antifraud system of SAS uses possibilities of artificial intelligence, big data and is capable to find and compare interrelations or contradictions between data on which detection and a research to the person can several months are required. Process automation of counteraction to fraud online already led to its significant decrease on card transactions and, in particular, to reduction of a p2p-fraud several times. Since launch of a system, December, 2018, it was succeeded to save more than 150 million rubles on cards of clients of bank", notedStanislav Pavlunin, the vice president, the security director of Post Bank

"We consider the field of counteraction to fraud as one of key points of application of modern technologies of processing of "Big Data" which allow to apply deep analytics in real time and to quickly reach visible business effect with its help", notedVladimir Skudin, the chief executive of GlowByte Consulting

"Creation of the cross-channel systems for counteraction to fraud is not a craze, but real need and a trend in the banking market any more. The Post Bank dynamically develops and is one of the most progressive players regarding implementation modern Real-time of technologies. It is important for us that results of the first project phase and decrease in volume of fraudulent transactions justify the confidence to solutions of SAS in the field of security", noted Alexey Konyaev, the head of practice of analytical solutions for counteraction to fraud of SAS Russia/CIS