NICE Actimize Xceed Wire
Fiserv partners with NICE Actimize to offer Xceed Wire. This solution applies industry-leading, behavior-based fraud detection technology to wire transactions, providing fraud prevention for all originated or received wire transfers through any channel.
Highlights
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Reduce Losses
Proactively detect many types of fraud such as Business Email Compromise (BEC) scams and account takeover.
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Frictionless Protection
Achieve business imperatives by enhancing protection without impacting customer experience.
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Operational Efficiency
Increase operational efficiency by focusing on the highest risk transactions and reducing callbacks.
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Enhance Compliance
Conform to FFIEC guidance recommending detection as part of your layered security strategy
Overview
Fiserv partners with NICE Actimize to offer Xceed Wire. This solution applies industry-leading, behavior-based fraud detection technology to wire transactions, providing fraud prevention for all originated or received wire transfers through any channel.
Xceed Wire monitors, analyzes and calculates a real-time risk score for every transaction and can automatically quarantine high-risk wires while expediting processing for low-risk wires. Xceed Wire is available for any organization that can generate Fedwire-formatted wire files.
With Xceed Wire, financial institutions can speed wire processing time to help balance risk management needs with goals for meeting customer service levels and cut-off times. Rather than spending time reviewing all wires, banking staff can focus their investigation efforts on high-risk wires.
The solution enables financial institutions to proactively identify fraudulent wires before the money leaves the bank. Accurate risk scoring and automated intervention trim operating costs by reducing the time spent on manual reviews and outbound verification calls. Clients are able to provide better customer service by offering expedited wire processing.
Features:
• AI and behavioral analytics fraud detection
• Turnkey real-time integration with major payments platforms
• Business Email Compromise (BEC) scam detection
• Sophisticated modeling of originators and beneficiaries
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