Heugo - Invoice
Heugo - Connect
Heugo - ML
Features
Heugo - Invoice
Heugo - Email Listener
Turium Against Financial Fraud
Next Generation Financial Crime Solution
Financial fraud is difficult to identify and prevent, with digital transformation speeding up sophisticated cyber attacks, and new unregulated digital assets like cryptocurrency increasing exposure.
Turium combines multi-layered security with an industry-leading architecture to provide solutions for
​
-
Transaction Monitoring, Investigations
-
KYC
-
Customer and Transaction Risk Rating, and
-
Enhanced & Customer Due Diligence
02/
Why Should You Choose Turium
Fraud detection on your own terms
Companies that do not have machine learning experts, can use Turium AutoML to add ML-based fraud detection capabilities to their business applications in minutes while companies with a dedicated team of data scientists can bring their models or build models on Turium CustomML to develop highly specialised fraud detection solutions in days.
Risk-Based Models & Scenarios
Turium's solution takes a hybrid approach, giving full out-of-the-box modules, scenarios, and ML models while also providing the flexibility required to fulfil regulatory standards dictated by your specific client base and risk tolerance. This enhances alert accuracy and efficiency while providing regulators with more high-quality, automated SARs and reports.
Give fraud teams more control
By automatically handling the complex tasks required to train, tune, and deploy a fraud detection model, Turium's Fraud Detection ML Solutions make it possible for users who aren’t machine learning experts, but are familiar with fraud issues, to participate in developing and updating highly accurate models.
Prevent and detect online fraud in real-time
Turium's Fraud Detection ML solutions scores the risk of an event in real-time, allowing customers to instantly apply containment or remediation measures designed to block or deny fraudsters and fast-track low-risk activity to provide better customer experiences for legitimate customers.
Best-in-Class Tooling & Reporting
Built-in Turium workflow management allows for prompt and appropriate escalation, triage, and review — with complete cooperation and transparency across all relevant departments. Turium creates needed reporting information with full data lineage to source systems after an enquiry is completed, dynamically updates reports as information changes, and informs analysts of new risks.
Powerful AI/ML Foundation
Turium's ML-based entity resolution and powerful network-based risk models make linking consumers, networks, and unknown counterparties simple and accurate. This provides the bank with a stable, future-proof foundation along with a central client file that can be dynamically updated across functions.
Commercial Off-the-Shelf Product
Turium serves as the foundation for the Next Generation Financial Crime Solution as a productized, out-of-the-box solution. It comes with a dependable, scalable backend designed for complex data environments.
Trusted
Security
Turium is known for its unrivalled granular security measures. Turium encrypts all data in transit and at rest, and it provides high auditability and role-based access control frameworks so that teams may access and share data without compromising security.
Speed to Implementation
Turium solutions can be rapidly implemented and will deliver a significant portion of the solution functionality out-of-the-box - meeting needs on an expedited timeline of weeks rather than years.
Foundation for Future Capabilities
As the world changes, the data infrastructure is designed to adapt and scale along with changing organisational needs.
Cost-Effectiveness
Turium is a fully integrated SaaS solution with a fast time to value and a plethora of capabilities to reduce Total Cost of Ownership – even when implemented on-premises. Organisations save money on labour, maintenance, support, and operating costs by bundling a suite of flexible applications.
Openness & Interoperability
Turium is an open, extensible, and scalable system. All data in Turium can be securely exported in industry standard, open formats for use in other systems, and all of the logic used to integrate our clients’ data is available and usable in any environment.
02/
Payment or transaction fraud
The event of interest is an attempt to complete an online purchase or make or process a payment online. One common example in the e-commerce space relates to a “guest checkout”. The transaction involves a user who does not have account history or has selected a “guest” checkout option for a more anonymous experience.
Promotion abuse
The event of interest is typically the act of a user redeeming a benefit granted via a demand generation or marketing promotion. Bad actors will access a legitimate user’s account and drain loyalty credits or points via transfer or purchase. They will also create multiple fake accounts to exploit promotions such as a free trial or free credits that come with a new account, or perform a self-referral to get a referral bonus.
Authentication Detection
During online account registration, machine learning-powered facial biometrics can enable identity verification for any situation. With pre-trained facial recognition and embedded analysis capabilities, you can add this to enhance your user onboarding and authentication workflow with no machine learning expertise required.
New account fraud
The event of interest is the act of signing up or registering for a new account. Fraud starts when a bad actor creates fake, stolen, synthetic identities, or generates multiple accounts, often through the use of bots. Once identity is established on a digital platform, executing an attack is easier.
Account
takeover
The event of interest is a login attempt for a legitimate user account. Account Takeover refers to the situation where a legitimate user’s login has been compromised, either because a bad actor has stolen their user id and password, purchased them on the dark web, or managed to guess it.
03/
Looking to Get More Out of Your Customer Data?
Build once, use plenty, a future-proofed open architecture to design context-driven and customer-focused strategies for your business.
​
Integrate multi-channel data and our top-tier predictive capability to quickly roll out data-enabled applications.
​
Use powerful AI, decision models, and comprehensible data connectivity to ensure regulatory compliance.
Ensure that every activity is audited and relies on granular security levels for dynamic control.
​
​
Watch ALGOREUS and ENIGMA in Action
05/
Impact Study: Building the Customer Centric Bank
Siloed operations hinder collaboration and knowledge exchange, which restricts the bank's ability to identify the appropriate offer for the right consumer at the right time.
In order to make client-centricity the core of their digital transformation plan, Turium teamed with a significant retail bank.
​
Turium was able to resolve millions of unique clients from a single data asset, generate fresh leads for up-sell and cross-sell opportunities, and then leverage this knowledge to create new use cases throughout the bank.
PARTNER
Retail bank
REVENUE UPLIFT
$50M +
CUSTOMERS INVOLVED
$10M +
CAMPAIGN CYCLE
From years to weeks
RESPONSE RATE IMPROVEMENT
15%
AUGMENTED AGENTS
10,000 +