Alpine Financial Services
Fraud and collusion wipe out nearly 7% of U.S. business revenues annually, yet few companies have the time, expertise, and funds needed to combat them. Proven innovators and practitioners, Alpine Consulting leverages a revolutionary IT solution known as IBM InfoSphere Identity Insight a scalable entity resolution and analysis platform for fighting threat and fraud. Its pioneering identity and relationship disambiguation technology combined with innovative complex event processing helps organizations recognize and mitigate the incidence of fraud, threat and risk.
Financial institutions are continually challenged by individuals who seek to defraud their business. These challenges stem from a variety of avenues, both internal and external. The crimes take a variety of shapes — Common Point of Purchase, Bust-out Fraud, Identity Theft, Impossible Geography, Card Not Present, and many others. Governments have placed the burden on the banks to identify and disrupt these schemes in order to protect their customers.
Identity Insight provides Financial Institutions with a rich analytical platform that can be leveraged within and across an enterprise. With Identity Insight, these organizations can discover attempts at misrepresentation of identity, find networks of suspicious individuals who are collaborating, and dissect complex event scenarios that may indicate nefarious activity. Enterprises have the ability to customize the rules and thresholds to provide maximum flexibility to the business. Our clients are adopting Identity Insight to provide this key analysis. Combining both entity resolution and complex event processing within a single product, organizations are able to establish an identity, proactively discover suspicious relationships, and test for violations of business thresholds.
Alpine’s knowledge and skills with the Identity Insight solution is comprehensive and well recognized, primarily by the impact we have had to the client’s success. By leveraging this industry leading technology, Alpine gives companies of every size enterprise-wide protection at a fair and reasonable price. Identity Insight is offered as an Alpine Software-as-a-Service (SaaS) or as a standalone solution that is highly customizable to best address specific business needs. Alpine’s experience implementing sophisticated and successful fraud protection solutions for large, global enterprises, gives us the ability tailor a solution that’s right any caliber business.
Alpine Consulting can assist with:
• Federal Law Compliance
• Bank Secrecy Act (BSA)
• Operational and Compliance
• Risk – Anti-money laundering
• SAR, CTR and OFAC monitoring
• Consumer Qualifying
• Credit Card fraud
• Identity theft
• Mortgage Fraud
• ACH/Wire Transfer fraud
• Insider threat
Additionally, Alpine allows financial service providers perform advanced due diligence on customers, employees, service providers, and other “insiders” required to comply with Sarbanes Oxley, Gramm-Leach-Bliley, and other regulations.
• Eliminate as much as 80% of investigator time and expense— drastically improving ROI
• Examine vendor, employee, and customer data to uncover potentially harmful individuals or relationships that enable fraud, and produce distilled lists of leads and connections
• Run detailed, immediately actionable Intelligence Reports to manage, deter, and address criminal activity
• Improve your line of sight across business units to help reduce risk with anti-money laundering and fraud detection processes.
• Avoid and identify money laundering and fraud through a single, connected crime platform.
• Shrink financial loss with enhanced awareness through automated crime deterrence actions.
A Partner to Your Business
The Alpine Identity Insight team is committed to empowering customers and we believe the first step is knowledge. Let our team help you gain visibility into your vulnerabilities with the power of Alpine Identity Insight through a complimentary Data Fraud Assessment. This exercise will pave the way toward an optimized fraud prevention solution by helping you define and understand the following:
• Gap Analysis and implementation of risk management processes
• Alert Modeling and Analytics Reporting
• Data profiling and quality measurement
• Recommendations provided using our sophisticated modeling approaches to enhance your understanding of risks
• Entity Resolution Reviews of “inappropriate” or “suspicious” relationships
• Initial Return on Investment Analysis of the Identity Insight solution.
Contact Alpine Consulting today
Call Stan Duda, EVP, Sales & Marketing at 224.520.7400 or email: sduda@alpineinc.com