Check fraud remains a costly challenge, draining financial institutions of over $1.3 billion annually. As fraudsters adapt, traditional tools fall short. Criminals now exploit ATMs, mobile deposits, and remote channels to evade outdated detection methods.
AI-driven check fraud detection solution
Check fraud management for
banks and credit unions
Early adopters of Abrigo Fraud Detection are recouping their investment after six months or less of use based on their average monthly reduced fraud losses.
Combat check fraud
Abrigo is your trusted partner in combating check fraud, equipping your institution with advanced AI-driven tools to defend against fraudulent activity. Abrigo Fraud Detection provides a tailored approach, combining machine learning with rule-based logic to enhance accuracy and efficiency. By automating fraud detection and decisioning, the system reduces manual workload, flags suspicious transactions, and streamlines investigations. This empowers fraud teams to act swiftly, minimize losses, and protect assets before fraud can occur.
Features & advantages of check fraud detection
Comprehensive check fraud detection
to stay ahead of the curve
Abrigo provides a multi-layered fraud detection approach by integrating Mitek’s AI-driven check image analysis, a nationwide check image data consortium, and Abrigo’s decision engine to identify forgeries, altered checks, and fraudulent transactions. By processing data from teller systems, mobile and remote deposits, and ATMs, our solution delivers end-to-end fraud protection.
Check Image Analysis
Deep computational visual analysis examines 24 distinct check attributes, including check stock, payee integrity, ink consistency, and signature validity, to help you find fraud faster.
Consortium Analytics
Participate in a nationwide consortium of financial institutions sharing check fraud data to learn from your peers and strengthen your detection capabilities.
Customer Collaboration
Enable text message verification through the solution to involve customers in the fraud detection process, allowing for faster and more accurate alert resolution
Check Fraud Reports
Monitor analyst performance and get actionable insights into the impact of fraud at your institution to help you make better decisions and anticipate new threats.
"Abrigo's check fraud solution identified a $190k fraudulent check, preventing a significant loss to our bank. Without the tool, we likely would have incurred the full loss."
Mike Gillen, BSA Officer, Richwood Banking Company
Get a Demo
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. FRAUD DETECTION. ANTI-MONEY LAUNDERING
