The ability to identify the risk of a scam payment in an exceptionally small timeframe is a challenge that has many fraud executives scratching their heads. How can such a challenging and prevalent fraud typology truly be dealt with effectively?

This report, in partnership with Aite-Novarica Group, explores the vulnerabilities that make scams such an attractive method of attack for fraudsters and a significant challenge for fraud executives to tackle. It also shares design principles that fraud executives can apply to effectively approach the problem head-on. And, how a trailblazing partnership between NatWest and Featurespace pioneered a bespoke transaction monitoring framework for authorized and unauthorized payment fraud attacks that improved scam detection rate by 135%.

Download this report to learn:

  • The main vulnerabilities that make scams irresistible to fraudsters and why they can be challenging for financial institutions to control
  • The optimal design objectives fraud executives can apply to overcome these challenges and achieve game-changing scam detection results on a scalable infrastructure for possible future controls, such as monitoring inbound payments
  • How a partnership between NatWest and Featurespace improved scam detection rates by 135% and reduced false positives for scams by 75% – blazing new territory on the fraud and scam detection frontier

What’s inside:

  1. Key findings
  2. Overcoming the challenges of fraud detection
  3. Trailblazing new territory on the scams frontier – NatWest embarks on a quest for innovative scam detection
  4. The partnership between NatWest and Featurespace
  5. NatWest’s scam and fraud detection results: realizing success
  6. Conclusion: your potential next steps