Inefficient fraud and financial crime management can wipe off huge chunks of profits from the banks and financial institutions. The only way to thwart frauds is to have an early response system in place that automatically gives a red alert before the crime is perpetuated.
spocto Validate is a 100% automated system that identifies risks at an early stage of loan lifecycle, without any customer intervention.
spocto Validate combines psychography metaphysics, behavior predictions and demography analysis with other deep machine learning, patented algorithm and advanced tools to identify and prevent fraud in less than 30 seconds.
spocto Validate uses multiple data touch points to verify consumer data, deep machine learning and cognitive accelerators and identifies risks at an early stage of loan lifecycle.
spocto Validate encompasses all aspects of financial crimes and fraud detection including anti money laundering, fraud detection and prevention, faster and less risky loan approval process and reduced costs of operation.