An evolving landscape.

As the financial landscape shifts, so do the measures needed to protect consumers and businesses from fraud. In 2022, authorised push payment (APP) fraud losses in the UK alone reached £485.2 million, with cases rising as fraudsters employ increasingly sophisticated tactics. This places growing pressure on financial institutions to adopt stronger, more cost-effective fraud prevention strategies.

In October 2024, the UK Payment Systems Regulator (PSR) introduced a landmark change to APP fraud reimbursement. The new rules split the financial burden equally between the victim's bank and the recipient institution, incentivising all parties to enhance fraud detection and prevention. Other markets are now exploring similar frameworks.

Scam Transaction Monitoring.

One of the most pressing challenges for banks and payment service providers is implementing a fraud detection solution that is both effective and efficient.

Scam Transaction Monitoring addresses this need with precision. Powered by our advanced machine learning model, it works seamlessly right out of the box, requiring no historical data. By leveraging real-time insights, the system quickly and automatically detects even the most complex scams.

Find more about Scam Transaction Monitoring in our downloadable factsheet.

Why choose Thredd?

  • The benefits of using Scam Transaction Monitoring:

    • Instant protection, no waiting period
      From day one, our system shields your customers with real-time, automated scam detection, keeping fraudsters at bay from the moment you launch.

    • AI-driven scam detection
      Leverage an augmented risk score powered by advanced machine learning to detect nuanced and evolving scam patterns. Our dynamic approach consistently outperforms static rules, ensuring you’re always one step ahead of fraudsters.

    • Unmatched accuracy and coverage
      Traditional rules-based systems miss the mark when it comes to detecting ever-changing fraud patterns. Our intelligent model learns and adapts continuously, reducing false positives and ensuring you catch scams that other systems overlook.

  • The advantages for your business:

    • Faster time-to-market
      Seamless integration with minimal data requirements allows you to launch quickly and start protecting your customers right away.

    • Cost savings through consolidated pricing
      Take advantage of our scale to reduce costs while benefiting from top-tier scam detection

    • Reduce operational burden
      Our continuously maintained detection model minimises the need for in-house updates, freeing your team to focus on what matters most.

Let's get started.

Get in touch to discuss how Scam Transaction Monitoring could help your business.

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