Neural Technologies' Minotaur Fraud Management Solution (FMS) provides comprehensive protection against a myriad of fraud types. This powerful fraud detection software utilises a variety of methods, including sophisticated neural network technology, to empower organisations to protect themselves and their profiles against the ever-present threat of fraud.
Minotaur fraud detection software enables organisations to assess all prospective customers at the outset, to identify likely fraudsters before service or goods are provided. It also enables them to profile and monitor the day-to-day activities of every customer, along with (non-customer) transactional activity, to highlight suspect or anomalous behaviour that could be indicative of fraud or money laundering. The solution can also be used to monitor employee activity to identify incidences of internal fraud.
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Rapid return on investment - One of our customers achieved return on investment within just five weeks of implementing Minotaur fraud detection software!
Advanced detection techniques - Many fraud systems reply purely on traditional rules and threshold based techniques to identify fraud. Minotaur does much more than this by utilizing rules and thresholds in conjunction with neural behavioural modelling and neural predictive analytics, making a huge difference in fraud detection rates and false positive ratios.
Multiple data feeds - Most fraud systems monitor usage only, however there are many other sources within a business that can be profiled to predict fraud. Minotaur allows organisations to profile a practically unlimited amount of data feeds from anywhere within a business to provide highly relevant and accurate fraud detection.
Supplier independence - Minotaur fraud detection software allows organisations to set up and configure their own rules and data streams independently of Neural Technologies, avoiding associated costs and delays. New rules can be created in minutes and even tasks such as configuring a new service, or adding an entirely new data feed can be done very quicky.
SaaS/Cloud model - Minotaur is also available on a hosted basis for an affordable monthly subscription charge. Other MinotaurCloud benefits include rapid implementation, reduced resource requirement and reduced costs. Furthermore, all security and maintenance issues are taken care of by Neural Technologies, negating the need for in-house IT resource.
Price performance offer - In addition to the traditional licence fee, Neural Technologies offers Minotaur fraud detection software on a shared risk/reward basis. What this means is that there is no licence fee for the software, just the initial implementation and training fees. The customer agrees mutually acceptable and pre-defined targets with Neural Technologies, and thereafter only pays when the system satisfies those targets. A truly risk free offer!
Download Fraud Management Financial factsheet.
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