Rules, regulations and mandate are in place not to slow you down – hence they are meant to protect you, your business and your clients.
Many organisations within the financial services are aware that this particular sector has a more detailed appreciation of risk and compliance than other market. In such a tightly regulated industry, it’s imperative that organisations keep up with the latest regulatory and technological developments.
We can supply best-practice solutions for GDPR compliance and aligned with the Philippines DPA, from understanding the position and developing a remediation roadmap through to implementing a best-fit data protection framework.
The GDPR has transformed how personal data is collected, shared and used globally. To ensure GDPR compliance, organisations will need to make changes to policies, processes and contracts, as well as in technical and organisational measures.
Cyber attacks continue to make headlines on a regular basis. As the techniques used by criminal hackers become increasingly sophisticated and financial services organisations remain attractive targets, it has never been more important to improve organisational cyber resilience.
Please contact Geniusto to find out how we can help your organisation protect itself from cybersecurity threats.
Geniusto can help you risk management, IT Governance and compliance solutions, with a special focus on cyber resilience, data protection, the PCI DSS, ISO 27001 and cyber security.
Whether you are a financial institution or enterprise customer, we can tailor our wide range of products and services to meet your organisational needs.
We understand that fraud prevention is a serious challenge in the mortgage market. The emphasis to speed up the mortgage application process goes against the need for careful assessment of the applicant’s profile. Incorrect evaluation of a potential lender is associated with high expenses and can cause serious financial damage to organizations. Therefore, we provide mortgage providers with proper fraud prevention techniques.
FPS is a fully automated solution developed by Davinci that uses different rules, profiles and risk models to check mortgage applications on the possible presence of fraud. FPS supports mortgage providers in fraud prevention and thus helps cut risks of bad investments. FPS brings effectiveness to the mortgage application process by the quick automated disclosure of fraudulent cases. With FPS, your organization can significantly reduce time and operational errors associated with the manual assessment of fraud in mortgage applications.
Fraud Risk Evaluation. The most essential part of FPS is a fraud scorecard utilized to carefully assess each mortgage application item on the possible presence of fraud. Variables are checked on different levels of control detecting inconsistencies, improbabilities and similarities with previous registrations. On a basis of decision rules, a score is assigned to every application and if a specific limit set by the organization is exceeded, the item is identified as potentially fraudulent.
Efficient Automated Process. All applications are assigned to fraud researchers who evaluate them and follow the steps to investigate the particular fraud type as efficiently as possible. The output of this evaluation is then sent to the manager for approval. FPS provides additional functionality to use models of the Dutch Property Valuation (NBWO) in order to verify if the appraised value received by the notary represents the real value of property. FPS business rules exist like dynamic components of the software tool and can be easily configured to meet requirements of clients.
Fraud & Improper Payments. Anticipate, protect and prevent using modern analytics and embedded artificial intelligence (AI) techniques. Safeguard your organization’s reputation and your bottom line. Stop improper payments associated with fraud, waste and abuse before they occur. Get early warning of emerging threats. And keep costs in check. Geniusto in collaboration with SAS adds an essential layer of security intelligence protection to your e-banking solutions so you can:
Meet growing global compliance demands.
We can provide consultancy services covering any framework or management standard to any organisation.
Spend less time investigating crime, more time preventing it.
Prevent cyber attackers from lurking in your network’s blind spots…