Product Overview of Guardian Analytics
Guardian Analytics is a pioneering provider of behavioral analytics and machine learning solutions designed to prevent banking fraud and enhance financial crime risk management. Here is a detailed overview of what the product does and its key features:
Purpose and Functionality
Guardian Analytics is tailored for financial institutions and enterprise organizations to detect and prevent various types of fraud, including account takeover, business email compromise (BEC), fake invoicing, and other sophisticated fraud schemes. The platform leverages advanced behavioral analytics and machine learning to create probabilistic profiles of users, enabling real-time risk assessment and fraud detection without requiring any action from the account holders.
Key Features
1. Behavioral Analytics and Machine Learning
- The platform uses a risk engine that merges analytics and behavior-based models to create detailed profiles of users. This allows for accurate detection of anomalous behavior that may indicate fraudulent activity.
2. Real-Time Risk Scoring
- Guardian Analytics provides a real-time risk-scoring engine that assesses transactions and user activities continuously, enabling immediate identification and automated hold of high-risk transactions.
3. Comprehensive Fraud Detection
- The platform is designed to detect a wide array of fraud types, including account takeover, BEC, fake invoicing, fake purchase orders, and modified wire and ACH templates.
4. Multi-Channel Support
- Guardian Analytics offers solutions for various financial interactions, such as online banking, mobile banking, wire transfers, and ACH transactions. This includes specific products like Guardian Analytics Online, Mobile, ACH, Wire, and Access.
5. Managed Services
- The platform includes managed services like FraudDESK, which provides continuous fraud monitoring and support to financial institutions.
6. Integration and Deployment
- Guardian Analytics can be deployed quickly, often within 60 days, and is available as a software-as-a-service (SaaS) solution. It is built on an open API architecture, facilitating seamless integration with existing systems.
7. Scalability and Compliance
- The platform is designed to scale operations and enhance compliance for financial institutions. It supports anti-money laundering (AML) requirements, including link analysis and FinCEN reporting, all within a single platform.
Recent Developments
Guardian Analytics has been integrated into NICE Actimize’s Xceed platform, which combines the best-in-class AI, data intelligence, and behavioral analytics from both Guardian Analytics and NICE Actimize. This integration provides a unified cloud platform for financial crime risk management, offering advanced real-time behavioral analytics and machine learning capabilities. The Xceed platform is notable for its “Always On” AI-based technology, which self-learns and adapts to new threats without the need for manual intervention or a team of data scientists.