Your institution is vulnerable to sophisticated fraudsters when you use disjointed and manual detection methods. Abrigo’s new fraud detection software for banks and credit unions finds more fraud faster by automating workflows and leveraging AI, giving you real protection against fraudsters who exploit weak systems.
Fraud management software
Fraud detection software 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.
Smarter tech, safer future
As technology advances, so does the arsenal of fraudsters. Abrigo’s fraud solutions provide the adaptive shield needed to protect from the ever-growing threat of fraud. We understand that operational inefficiency, reputational damage, and frustrated customers are all on the line, so we strive to give institutions the tools they need to protect what they value most.
Reduce loss and protect your customers with our sophisticated detection and fraud management software.
Comprehensive fraud management software keeps you one step ahead
Features and functionality of fraud detection software
It can be a challenge to balance effective fraud detection with a frictionless customer experience. Abrigo Fraud Detection simplifies it for you. By blending the reliability of rules-based fraud detection with cutting-edge AI, our solution identifies sophisticated fraud patterns and helps teams increase efficiency with configurable capabilities to approve, decline, or engage with your customers to get to a swift resolution.
Simplify data ingestion
Unify data from across your institution to gain a more comprehensive view of potential fraud exposure. Customized frequencies through a single-entry point eliminate the risk of duplicate data collection.
Accelerate inspection
Make data-driven decisions by examining transactions from multiple angles to identify potential behavioral red flags. Obtain a transparent fraud risk score, empowering you to make faster, more accurate decisions and optimize review times.
Streamline decisioning
Rapidly approve, decline, or flag transactions for review with configurable rules developed with Abrigo’s fraud expertise. Seamlessly conduct time-sensitive investigations using comprehensive end-to-end case management to make swift decisions.
Gain insights
Easily track key trends and monitor analyst performance with advanced fraud reporting. Our reports deliver actionable insights to help you optimize processes, make data-driven decisions, and stay ahead of emerging threats.
Step-Up Authentication
Enable fraud analysts to add an extra layer of security by texting customers when a transaction is flagged as suspicious. Customers can instantly confirm or deny the activity, and their response is captured within the platform to help analysts make faster, more informed decisions. Read more
Optimize Case Management
Efficiently manage fraud cases from detection to resolution with Abrigo’s end-to-end case management. Automate workflows, centralize case data, and facilitate collaboration to accelerate decision-making and minimize fraud losses.
Covering your fraud detection needs
Abrigo Fraud Detection empowers financial institutions to combat fraud proactively, stopping fraudulent checks before they impact operations. In 2025, Abrigo Fraud Detection will expand its coverage to include additional transaction types such as wire and ACH, while enhancing its check fraud detection to tackle new threats. Institutions can continue to detect fraud for check kiting/deposit, ACH, wire, debit card, and new accounts with Abrigo’s existing fraud scenarios.
Check fraud detection
Detect altered items, forgeries, and fraudulent check images at a higher rate with a solution that unifies Mitek’s AI/ML powered check image analysis, a nationwide consortium of check fraud data, and Abrigo’s configurable decision engine.
Check Kiting Fraud Detection
Receive alerts on account-based scenarios based on drastic changes in prior behaviors and sudden activity or out-of-pattern movements.
Wire Fraud Detection
Receive alerts on account-based scenarios based on drastic changes in prior behaviors and sudden activity or out-of-pattern movements.
ACH Origination Fraud Detection
Prevent Corporate Account Takeover with scenarios that run immediately after a batch has been uploaded to Abrigo.
ACH Incoming Fraud Detection
Identify changes in behavior using an account-based detection library to inform the financial institution of fraud and/or possible money mule account activities.
New Account Fraud Detection
Monitor new accounts with aggressive or excessive behaviors concerning currency vehicles and their transactional traits.
Debit Card Fraud Detection
Detect known patterns of fraudulent debit card behavior, including unusual spikes in activity and changes in usage frequency.
"We're catching fraud before it happens, and we're able to catch fraudulent checks with image analysis that we couldn't have caught [before]."
Stephen Wager, Chief Risk Officer and Chief Compliance Officer, TEXAS NATIONAL BANK
Advantages of fraud detection software
Abrigo provides community financial institutions with access to powerful fraud detection software that was once available only to the largest banks. Defend your institution, customers, and bottom line from costly attacks.
Time savings
AUTOMATED END-TO-END WORKFLOWS
Increase efficiency with automated end-to-end fraud detection workflows that can be tailored to your needs, including data ingestion, inspection, decisioning, and reporting. This minimizes the burden of manual processing, lowering costs and proactively preventing fraud's impact on your institution and customers.
Accuracy
CHECK IMAGE ANALYSIS
The solution’s AI/ML-driven check image analysis, powered by Mitek, examines 24 elements like handwriting and signatures and leverages a nationwide consortium of check data. Get a smarter, transparent fraud risk score that reflects multiple factors to power your automated decisioning process.
Explore Accurate Check Image Analysis >
90%+ Fraud Detection
Abrigo Fraud Detection has identified more than 90% of fraudulent check value for the most engaged early adopters by calibrating to each institution’s unique risk profile, providing accuracy and protection.
Integrated Systems with Abrigo
Your partner in the fight against financial crime
Abrigo offers world class software, but we are more than just a software provider. On top of our solutions, we equip you with a powerful network of over 85,000 Abrigo Community members, seasoned financial crime consultants, and industry experts at your fingertips. Abrigo makes it possible to combat financial crime with software and services built for your institution.
Combat financial crime with software and services built for your financial institution
Our robust, transparent, and adaptable financial crime solution suite includes both fraud detection software and AML software. With shared case management, data integration, and reporting, banks and credit unions can break down internal siloes to better detect, manage, and resolve suspicious activity.
Our tailored AML training and workshops get you started, while our AML advisory services guide you towards success.
Resources on Fraud Detection
Combatting fraud in your institution
Success Story - Texas National Bank amplifies fraud prevention with Abrigo Fraud Detection
Learn how a financial institution faced the challenge of increasing fraud threats and complexity in detection.
Reg CC: Funds availability requirements and fraud
Blog - How to comply with both Reg CC and fraud requirements
Read about the rules outlined by Reg CC, the circumstances that allow exceptions, and what to do when your financial institution suspects fraud.
Modern fraud typologies and prevention methods
Fraud Guidebook: Practical insights for financial institutions
Download this guide, which includes best practices for establishing a fast, effective fraud detection program.
