As technology advances, so do fraudsters. Abrigo creates fraud scenarios used to monitor the fraud areas that directly affect the institution and its community. As a result, banks and credit unions can tailor the solution to meet their specific needs while saving money and reducing false positives.
Fraud Prevention Software
Detect and prevent fraud systematically.
Tailored for Your Institution
Our fraud prevention software will detect and alert you to a host of customizable fraud types while providing a central case management system to resolve alerts quickly and efficiently. Better identify, detect, and stop the fraud that impacts your institution with BAM+ Fraud.
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Advantages of BAM+ Fraud
Detect, track, and resolve your
fraud cases in one place.
Fraudsters are constantly adapting and changing, and your institution needs a solution to stay ahead of the curve. With BAM+ Fraud’s enhanced reporting, efficiency, and flexibility, you can identify trends in your data, share your findings with leadership, and adapt to new environments in one easy-to-use platform.
Enhanced Reporting
BAM+ Fraud makes it easy for you to visualize and report on the fraud impacting your institution. With customizable reports, you can identify your fraudulent transaction types, common types of fraud, and how much your institution lost, prevented, and recovered all in one place. Keep your leadership informed and monitor fraud trends with built-in data visualization.
Collaboration & Efficiency
With a centralized control center, fraud reporting can be given to multiple sources, allowing for more internal collaboration and standardized data input.
Control & Flexibility
Customize fraud scenarios within BAM+ Fraud to match your institution's risk tolerance and minimize false positives, putting you in control of your time and workload.
"BAM+ has not only helped our internal communication but our communication with law enforcement as well. Having a full view of what's happening at our institution with case management made our jobs easier."
A BAM+ Fraud User
Make your job easier today
Features and Functionality of BAM+ Fraud
A layered approach to fraud detection
that won't leave you exposed.
that won't leave you exposed.
BAM+ Fraud gives financial institutions unique functionality. It accepts data inputs from varied sources, beyond your core, to give you a wider breadth of coverage. The software also identifies fraud from manual sources, enabling front line resources – the eyes and ears of your institution – to identify potential fraud.
Enterprise Case Management
BAM+ Fraud’s case management system allows financial institutions to track and record fraud cases in one location. It gives you the power to manage investigations on any fraud type selectively or in aggregate. BAM+ Fraud provides a bird’s-eye view of what’s happening at your institution and the ability to control the flow of information with those working the cases.
Single- and Multi-Channel Detection
It is common to find fraud solutions on the market that depend on a two-way transaction path of funds to detect fraud. We call this multi-directional dependency, and it is a shortcoming that can be difficult to overcome. BAM+ Fraud is not dependent on funds coming “in then out.” Rather, our system generates alerts based on behavioral anomalies, as well as other methods to give you a layered detection approach that provides better coverage.
Artificial Intelligence (AI) and Machine Learning
We use artificial intelligence (AI) in tandem with our other fraud detection methods to create a more holistic solution. We use this logic in our scenarios to identify abnormalities, provide easy-to-understand alerts, and give you the information needed to determine any outliers.
Fraud has many faces.
BAM+ Fraud is watching them all.
"Without this fraud software, there is no way we would know
about some of these fraud cases."
Chris Hamm, BSA Officer
protect your institution today
Integrated Systems with Abrigo
Ensuring success throughout your experience.
Abrigo is dedicated to providing more than just great software to our partners. The Abrigo Assurance Plan and Abrigo Data Center ensures that you get the support you need throughout your journey and that your product and program are running effectively. It is good to have someone in your corner.
Abrigo Assurance Plan and Abrigo Data Center
You're making an investment in your fraud protection, so you should ensure it's always running at optimal levels. The Abrigo Assurance Plan takes a proactive approach to product maintenance. By leveraging the state-of-the-art Abrigo Data Center, we provide the safest hosted environment for your fraud protection to help you better protect your customers and members. Learn More
Partners For Success
Fraud detection is an important facet of your institution’s battle against financial crime. Along with customizing BAM+ Fraud to match your risk tolerances, we provide hands-on implementation, initial training, ongoing guidance, and opportunities to network with institutions that are similar to your own.
Q6 Cyber
Harness the dark web to prevent fraud before it happens with debit/credit cards, account takeovers, compromised employee credentials, and more. Learn More
Advanced Fraud Solutions
Arm tellers with TrueChecks to scan checks in real-time to proactively prevent check fraud at the front line and limit its impact on your bottom line.
Resources on Fraud Detection
Omni-Directional Detection
Success Story - First Citizens
First Citizens National Bank prevented an elderly customer from wiring out their retirement savings after they were alerted to the potential fraud from BAM+.
Elder Financial Exploitation
Whitepaper - Elder Fraud
Elder financial exploitation is estimated to affect one in 10 elders, for a total loss of $36 million each year.
Fraud Trends Around COVID-19 Pandemic
Webinar - Data & Best Practices
This session explores best practices for preparing for emerging fraud trends based on big data and historic trends from recent recessions.
