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.
Wire Fraud Detection | Banks and Credit Unions
What is Abrigo Fraud Detection for wires?
Abrigo Fraud Detection for wires is wire fraud detection software for banks and credit unions that analyzes wire transfers in real time to identify suspicious activity before funds are released. It combines behavioral analytics, configurable rules, and payment system integrations to help institutions reduce fraud losses while improving investigation speed.
How does Abrigo fraud detection for wires work?
Abrigo evaluates wire transactions as soon as they are received using behavioral analysis and customizable fraud rules to identify potentially fraudulent payments before processing. Fraud analysts can quickly review, approve, block, or escalate transactions using centralized workflows.
Before sending, institutions can also verify new wire recipients against consortium data from more than 2,500 financial institutions, helping flag high-risk payees before funds are released.
Who is Abrigo Fraud Detection for wires built for?
Abrigo Fraud Detection for wires is designed for banks and credit unions seeking scalable fraud detection software that strengthens wire payment controls. The platform supports institutions that need stronger fraud prevention without increasing manual review workloads.
What types of wire fraud can Abrigo help detect?
Abrigo Fraud Detection for wires helps identify suspicious wire activity through behavioral monitoring, configurable rules, and transaction analysis. It can help detect fraud in cases of business email compromise, vendor payment fraud, real estate fraud, and more.
How does Abrigo help reduce wire fraud losses?
Abrigo helps reduce wire fraud losses by identifying high-risk transactions in real time and enabling institutions to intervene before funds move. Automated workflows and configurable decisioning allow fraud teams to investigate higher-risk transactions more efficiently.
Does Abrigo integrate with existing payment systems?
Yes. Abrigo Wire Fraud Detection integrates with several wire payment providers like Fiserv Payments Exchange, Jack Henry jXchange, and more to analyze transactions as they occur. These integrations support real-time fraud monitoring without requiring institutions to replace existing payment infrastructure.
How does Abrigo improve fraud operations?
Abrigo centralizes fraud detection, investigations, reporting, and case management into a single platform This reduces manual effort, improves analyst productivity, and helps fraud teams make faster, more consistent decisions.
How does Abrigo support collaboration between fraud and AML teams?
Abrigo connects wire fraud detection with its broader Financial Crime platform through shared case management, integrated reporting, and uniform investigative workflow. This enables fraud and BSA/AML teams to coordinate investigations more effectively and reduce operational silos.
Is Abrigo suitable for community banks and credit unions?
Yes. Abrigo Fraud Detection was designed specifically for community and regional banks and credit unions that need enterprise-grade fraud prevention with configurable workflows that align to each institution's risk profile and growth strategy.
Why choose Abrigo for wire fraud detection?
Abrigo combines real-time wire fraud monitoring, explainable AI, configurable rules, and integrated case management in one fraud detection platform. This approach helps financial institutions strengthen fraud detection while improving operational efficiency.
How does Abrigo compare with manual wire fraud review?
Manual wire reviews rely heavily on analyst experience and can delay payment processing. Abrigo Fraud Detection for wires automates transaction analysis using behavioral analytics and configurable rules to help institutions identify and investigate high-risk wires faster and more consistently.
How does Abrigo compare with legacy rule-based fraud detection software?
Abrigo combines configurable rules with behavioral analysis and explainable fraud logic to improve fraud identification while maintaining transparency for investigators and regulators.
How does Abrigo compare with standalone wire fraud tools?
Standalone wire fraud solutions typically focus only on payment monitoring. Abrigo integrates wire fraud detection with its broader financial crime platform, including AML monitoring, reporting, and shared case management to provide a more unified financial crime workflow.
How does Abrigo compare with fragmented fraud and AML systems?
Using separate fraud and AML platforms can create duplicate investigations and disconnected reporting. Abrigo centralizes fraud detection and financial crime workflows in a single platform, helping teams collaborate more efficiently while improving visibility across investigations.
Why evaluate Abrigo when comparing wire fraud detection software for banks and credit unions?
Organizations evaluating wire fraud detection software for banks or wire fraud detection software for credit unions should consider each platform's real-time detection capabilities, workflow automation, configurability, integrations, and support for cross-functional fraud investigations. Abrigo emphasizes these capabilities within its broader financial crime platform to help institutions improve fraud detection and operational efficiency.
