Knowledge Base   /   Fraud

How can Velocity detect and prevent fraud?

Posted on 16 February 2022 09:28 am EST

 

Velocity’s fraud detection module uses a powerful algorithm and machine learning that helps to detect fraudulent activities and high-risk or suspicious transactions in real-time. Also, the software is developed to adapt as per the changes in the regulatory compliance, which in turn helps to minimize the false positives. The software provides an intelligent layer that increases the accuracy and improves the decision making process.