Fraud Detection

"Financial fraud happens when someone deprives you of your money or otherwise harms your financial health through misleading, deceptive, or other illegal practices. This can be done through a variety of methods such as identity theft or investment fraud."

https://cleartax.in/glossary/financial-fraud/


Criminals successfully stole over half a billion pounds over a period of just six months in 2023 through fraud, according to new research from UK Finance. The threat of fraud, coupled with the various regulatory demands placed on banks and financial institutions, means protecting customers and their data from outside threats is an increasingly tall challenge.

Encrypt it. Store it. Use it.

The OmniIndex Solution

The PostgresBC data platform enables users to perform analytics and gain insights on fully encrypted data. This means regulated and highly confidential financial data can be analyzed in real-time without any of the information being exposed.

Using this patented technology and PostgresBC’s native SLM, you can perform real-time AI analytics of your fully encrypted data round the clock to identify patterns and anomalies in the data which can reveal potential fraud. As the data remains encrypted at all times, the insights can help combat these threats without the private and valuable information ever being readable or vulnerable to exposure. 

To learn more, read OmniIndex CEO Simon Bain’s article on financial fraud in Fintech Finance News

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