Wolters Kluwer Financial Services has strengthened its Wiz Sentri: Anti-Fraud solution to help U.S. and U.K. financial institutions prevent crimes tied to cash management activities.

The Wiz Sentri: Anti-Fraud solution can help both U.S. and U.K. institutions monitor continuously and in real-time for criminal activity such as account hijacking, kiting, insider fraud, ATM fraud, and counterfeited check- and identity theft-based scenarios. As a result, institutions are better able to identify the precursors to cash management fraud before incurring losses.

For example, the solution helps institutions better identify accounts, customers, and transactions that are most susceptible to fraud surrounding cash management activities, ranking the relative risk exposure each entity presents. If Wiz Sentri: Anti-Fraud identifies an unusual transaction—or set of transactions—based on the account’s previous transactional history, the solution alerts the institution, which can then place a hold on the transaction.

The solution also facilitates and helps automate investigations by providing a framework for gathering and managing important forensic information. By recording and storing relevant application data across the institution in a compressed and digitally signed format, Wiz Sentri: Anti-Fraud can provide a clear chain of custody of the fraudulent activity that may be used as forensic evidence in a court of law.