Real-Time Transaction Monitoring System

ISTL, in partnership with IDBI Intech, provides Real-time Transaction Monitoring solution to identify & alert important transactions as they occur in real-time.

Some of the unique Fraud types that the system can identify & alert in Real-Time are:

• Account Takeover Fraud – across all banking channels
• New Account Fraud – across all banking channels
• Authorized Push Payment Fraud – Using genuine persons’ details to open mule accounts that are used to transfer funds from suspense accounts
• Card Transactions Fraud – across all banking channels
• MPESA & Pesalink Transaction Types

Some of the unique scenarios that the system can identify & alert in Real-Time are:

• Monitoring Odd-Hour Transactions (after Close of Business).
• Monitoring Staff Accounts.
• Monitoring deviations in customer transaction activity.
• Transaction activity on newly created fake accounts or accounts resembling real customers, followed by quick withdrawals or funds dispersed across multiple accounts.
• Several balance enquiries immediately prior to crediting an account.