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Product Overview The EDI Detect Platform Solution provides a Real Time Transaction Monitor seamlessly integrated with a comprehensive Case Management Workflow Solution to address AML Requirements, Fraud Control and Risk Mitigation. It leverages the application of complex rules, pattern identification and analytics to both static and transactional streaming real time data. This results in a robust, scalable, yet cost effective solution that can be rapidly deployed and tailored to the current and future needs of the financial enterprise. Implementation of the EDI Detect Platform provides an environment for companies to receive a significant Return on Investment by streamlining the AML & Fraud identification and resolution process. Further saving will be realized through the efficient use of a modest staff as your institution grows and the EDI technology identifies suspicious activity patterns and fraud while maintaining comprehensive workflow processes in EDI Detect/Case Management. Leveraging the EDI Detect/Transaction Monitor, your firm can increase profitability as well as by responding to business activity in real time. Trends of customer usage as well as patterns of behavior can be identified and assist in developing and fine-tuning marketing programs and promotions. Profitability of specific business relationships increase while minimizing fraud and addressing AML reporting requirements. This allows the ability to transition resources to opportunities which provide the highest ROI. By implementing the EDI Detect Platform Solution, your company reduces the internal development time required to build a comprehensive Fraud, AML, & Risk application. The EDI Detect/Transaction Monitor core technology was developed over a period of two (2) years with a capital investment of approximately $20 million. This platform operates in a real time environment and can scale architecturally to meet increasing capacity requirements. The technology combined with the AML & Fraud expertise provided by EDI, saves time and money in personnel resources necessary for designing, building and implementing a comparable solution.
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