Abrigo’s wire fraud detection solution combines real-time analysis, behavioral insights, customizable controls, and seamless integration with wire payment providers. This enables institutions to detect threats early and reduce fraud losses with greater speed and precision.
Stop wire fraud in real-time
Wire fraud is fast, final, and increasingly sophisticated, making pre-transaction detection essential. The threat is growing, as FinCEN has reported instances of wire transfer fraud jumped from 98,000 in 2023 to 120,000 in 2024.
Abrigo’s real-time wire fraud detection solution stops fraud before funds are sent, reducing losses and protecting customers. The solution closes critical gaps left by manual review and post-transaction detection through an automated, expert-informed system that can be easily configured to your institution’s unique needs.
Features & advantages of wire fraud detection software
Smarter wire fraud defense
Seamless integration
Connect to wire payment providers to support real-time data exchange and accelerate deployment.
Advanced real-time detection engine
Detect high-risk patterns using explainable behavioral fraud logic, including unusual sender behavior or new beneficiary activity
Self-service rules configuration
Enable fraud teams to create and adjust rules to fit institutional policies, thresholds, and risk tolerance parameters.
Actionable fraud reporting
Track analyst performance and identify fraud trends to improve decisions and anticipate emerging financial threats.
Instant customer outreach to resolve alerts
Text customers instantly for verification, enabling faster resolution and reducing false positives during reviews.
Verify recipients before sending
Verify new recipients with consortium data from 2,500+ institutions for account activity, payment history, and more.
Wire fraud is part of a broader fraud problem that saw $12.5 billion in losses in 2024, a 25% annual increase.
Federal Trade Commission
Integrated systems with Abrigo
Financial crime systems built for your institution
Breaking down silos between fraud detection and AML
Abrigo is dedicated to supporting banks and credit unions in the fight against financial crime. With Abrigo’s comprehensive financial crime solutions and services that include fraud detection software and AML software, you can collaborate across teams to better detect, manage, and resolve suspicious financial activity throughout your institution.
