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Lynx Fraud Prevention
AI-Powered Protection for a Connected World. Stop fraud before it impacts your bottom line. Our multi-channel, AI-driven solution continuously adapts to evolving threats, protecting your organization and customers in real time.
Transactions
%
Global transactions secured annually.
Performance
%
Transactions processed in ❮50 ms*.
User Protection
%
Users protected globally.
Cost Savings
%
Annual savings realized by clients.
RAPID IMPLEMENTATION
%
Add a new channel for rapid deployment across all systems.
High Accuracy
%
Value Detection Rate (VDR) minimizes financial losses.
*Known performance where connection is TCP/IP socket and the solution is on-premise
Transforming Fraud Prevention Through Trust and Technology
Unlock Trust in Every Transaction with Lynx Fraud Prevention. Our AI-powered solutions adapt in real-time to predict, detect, and prevent fraud, ensuring robust security for your organization. At Lynx, we believe every transaction is an opportunity to build trust, reinforcing our commitment to secure financial interactions. Watch now!
Client Spotlight
How BCP Achieves a 30% Fraud Reduction with Lynx Tech!
In this exclusive video, Banco de Crédito (BCP) shares their journey in combating fraud using Lynx’s advanced AI-driven solution. Discover how they’re setting new standards in fraud prevention, enhancing customer experience, and achieving a remarkable 30% reduction in fraud incidents.
Lynx recognized as a Representative Vendor in the Gartner Market Guide for Fraud Detection in Banking Payments.
This designation underscores our commitment to delivering cutting-edge, adaptive AI solutions that help financial institutions (FIs) combat the rising tide of sophisticated financial crime. Read More
New Analyst Recognition
Lynx Fraud Prevention.
Protecting Against Every Fraud Threat.
Lynx Fraud Prevention is tailored to address emerging fraud threats at enterprise scale for issuing banks, corporate and investment firms, payment service providers (PSPs), and acquirers. Our solution offers comprehensive fraud detection across all channels—including Card Present, Card Not Present, digital banking, mobile banking, telephone banking, and emerging technologies like digital wallets.
Account Takeover Prevention
Challenge: Account takeover attempts from credential stuffing, brute-force attacks, and sophisticated phishing compromise customer accounts and your institution’s reputation.
Solution: Lynx’s advanced detection system identifies suspicious login attempts and anomalies, minimizing fraud losses and enhancing customer trust while reducing recovery costs and strengthening loyalty.
Multi-Channel Fraud Detection
Challenge: Fraudsters exploit vulnerabilities across payment channels through card skimming, subscription attacks, APPF, and internal fraud, endangering you and your customers.
Solution: Lynx Flex dynamically adapts to new channels and data, analyzing transaction patterns and real-time risk scoring to identify anomalies. This enables comprehensive cross-channel fraud detection with minimal false positives, reducing losses and protecting genuine transactions.
Social Engineering and Scam Protection
Challenge: Social engineering scams like phishing, smishing, and vishing along with romance, investment, and CEO fraud exploit trust to deceive your customers and can cause significant losses.
Solution: Lynx generates behavioral insights for customers and beneficiaries, identifying suspicious activities and providing proactive protection against social engineering attacks, thereby reducing losses and safeguarding your customers.
Self-Learning Adaptive Models (DAM)
Challenge: Traditional fraud prevention methods struggle with the evolving threat landscape, leading to increased fraud losses and false positives.
Solution: Lynx’s Daily Adaptive Models (DAMs) leverage supervised learning and daily updates to adapt to changing customer behaviors, payment technologies, and fraud patterns. Our proprietary machine learning models are built bespoke to your organization’s unique environment, detecting and neutralizing fraud in real time while driving savings, lowering friction, and improving customer trust.
360° Risk Visibility
Challenge: Legacy systems limit visibility across customers and payments, slowing fraud investigation and response times.
Solution: Lynx offers a unified 360-degree view of transactions, channels, and users. Our no-code user interface seamlessly configures API and intelligence feeds, propagating new data fields throughout model training, rules, and reports. This empowers fraud analysts to make faster, informed decisions, enhancing the ability to combat fraud effectively.
Strong Customer Authentication Compliance
Challenge: Meeting SCA regulations, including PSD2 and upcoming PSD3, requires robust authentication methods. Non-compliance risks fines and reputational damage.
Solution: Our solution meets SCA requirements through device fingerprinting, rich onboarding data, and risk-based scoring while ensuring transparency and explainability. We help you implement strong authentication methods to comply with evolving regulations and reduce fraud risk.
Lynx Fraud Prevention Fact Sheet
The Evolving Threat Landscape
Financial institutions are increasingly challenged by the complexity of evolving criminal tactics, payment technologies, and user behaviors. The rise of real-time payments, combined with sophisticated fraud schemes, necessitates a dynamic solution that adapts in real time to effectively counteract these threats. Legacy systems often prove inadequate, resulting in a surge of fraud and unnecessary friction for legitimate transactions.
In 2023, an astonishing $3.1 trillion in illicit funds flowed through the global financial system, contributing to $485.6 billion in global fraud losses. This constant drain undermines trust, disrupts financial stability, and ultimately cripples the global economy.
$3.1T
Illicit funds that flowed through the global financial system in 2023
Nasdaq Verafin 2024 Global Financial Crime Report | Nasdaq
$485.6B
Global fraud losses in 2023
Nasdaq Verafin 2024 Global Financial Crime Report | Nasdaq
How It Works
Real-Time Fraud Detection
Lynx Fraud Prevention employs advanced machine learning models to assess the probability of fraudulent transactions. This system rapidly sends a recommended approve or deny decisions in milliseconds, ensuring swift and accurate transaction processing.
Illustration: Transactions flows
Daily Adaptive Models (DAMs)
Our DAMs are designed to detect more fraud while minimizing false positives. This results in significant savings and reduced friction for your organization, enhancing overall operational efficiency. Our models adapt continuously to combat evolving attack strategies, boosting fraud detection efficiency. Change is constant—whether from shifts in user behavior, new financial products, or emerging threats.
As you move towards the daily adaptive model curve, you reduce friction and stop more fraud.
Seamless Transaction Flow
The process includes a straightforward transaction flow:
- Enrichment: Initial data enrichment from multiple sources.
- AI Scoring: The enriched data is analyzed to produce an AI score.
- Detection: The model detects potential fraud based on the score.
- Alert: An alert is generated for suspicious transactions.
- Feedback: Continuous feedback loops refine and improve model accuracy.
Explore How Lynx’s Advanced Daily Adaptive Models are Transforming Financial Crime Prevention
Advanced AI for Real-Time Decisions
Lynx’s solution is custom-built to tackle emerging fraud threats at enterprise scale for issuing banks, corporate and investment firms, and acquirers. We offer comprehensive fraud detection across key channels, including Card Present and Card Not Present payments, digital banking, mobile banking, telephone banking, and cutting-edge technologies like digital wallets.
Intelligent and Adaptive Fraud Detection
Lynx deploys advanced Daily Adaptive Models (DAMs)—self-learning AI—to evaluate transactions and interactions for fraud in real time. Unlike static models, our DAMs continuously learn and adapt to new threats, ensuring exceptional accuracy while minimizing false positives. This proactive strategy empowers us to prevent fraud before it affects your institution.
Seamless Integration and Data Enrichment
Easily integrate Lynx into your existing systems. We accept transaction and interaction data from any device or payment channel—online, mobile, card present, and card not present. Our proprietary in-memory databases enrich this data with contextual insights about historical user behavior, location, and related entities, significantly improving model accuracy and decision-making.
Predictive Risk Scoring and Actionable Insights
Our sophisticated machine learning algorithms generate precise fraud risk scores for each transaction. Lynx’s decision engine leverages these scores alongside your institution’s risk tolerance to suggest an “approve” or “deny” decision in under 50 milliseconds* for 99.99% of transactions. High-risk transactions are promptly halted and flagged for further review.
Continuous Learning and Improvement
Our process is ongoing. Fraud analysts examine flagged transactions, supplying valuable feedback that refines our DAMs. This closed-loop system guarantees that Lynx continually learns, adapts, and enhances its fraud detection capabilities.
*Known performance where connection is TCP/IP socket and the solution is on-premise
Advanced AI for Real-Time Decisions:
A Closer Look
Our solution is custom-built to handle emerging fraud threats at enterprise scale for issuing banks, corporate and investment firms, and acquirers. We provide comprehensive fraud detection coverage across all key channels from Card Present and Card Not Present payments to digital banking, mobile banking, telephone banking, authentication, and emerging technologies like digital wallets.
Dashboard
Alerts
Rules
Explore how Lynx’s Fraud Prevention Solution is Transforming Financial Crime Prevention
Lynx is trusted by multinational organizations across the globe. We detect and prevent fraud and financial crime with unmatched speed, accuracy, and expertise.
Supervised Machine Learning
Our proprietary supervised machine learning algorithms detect more fraud than traditional rules-based or unsupervised solutions, providing superior performance.
Flexible Risk Scoring or Full Solution
Utilize our advanced AI risk scoring or deploy Lynx Fraud Prevention as a comprehensive solution. We can layer our capabilities over existing systems or rip and replace, based on your needs.
Dynamic Feature Generation
Our innovative feature generation algorithms swiftly categorize incoming data and automatically create relevant features. During model training, features correlated with fraud are selected, effectively combating feature selection bias.
Enriched Transaction Detection
Our proprietary onboarding and account feeder data supplements the original transaction payload for enhanced detection.
Real-Time Detection and Rapid Response
Experience continuous transaction and behavioral assessments and make lightning fast decisions with Lynx’s sub-25ms response time and the ability to analyze 2,400+ transactions per second.*.
Compliance and Messaging Standards
Lynx is compliant with PCI-DSS, ISO 27001, and SOC 2, ensuring top-tier data security. We also meet ISO 20022 and ISO 8583 standards, guaranteeing your transactions align with global messaging requirements.
Data Agnostic, Multi-Channel Interface
Ingest data from any payment channel with Lynx Flex, propagating it throughout the solution—from models to rules, reports, and dashboards. Our adaptable dashboards enable just-in-time queries and responses.
Self-publishing APIs and No-code Configuration
Send the data you want with the click of a button. Our no-code configuration, flexible responses, and seamless automations ensure that anyone on your team can utilize Lynx Fraud Prevention- no data scientists required.
Comprehensive Data Visualization
Gain a unified customer view through dashboards powered by Kibana and Elastic, facilitating real-time insights.
Available On-premise or in the Cloud
Integrate with AWS cloud services or deploy Lynx on-premises to meet your operational preferences.
Advanced AI Risk Scoring with Configurable Rules
Accurate fraud risk scores are paired with a dynamically configurable decision engine, all within an intuitive interface that supports flexible responses and workflow automation.
In-memory Database
Lynx’s proprietary in-memory database outperforms the competition while offering zero license fees.
Seamless Integration
Quickly integrate Lynx with your existing systems and workflows. While other solutions may take months, Lynx can be integrated in just days.
Daily Model Updates
Our Daily Adaptive Models tune themselves daily without the need for any uplift or data scientists.
*average performance for an on-premise deployment using TCP/IP socket
Security Certifications and Standards
At Lynx, we prioritize security and compliance, ensuring that our solutions meet and exceed industry standards. Our adherence to PCI-DSS, ISO 27001, and SOC 2 frameworks guarantees that your data remains protected, aligned with best practices, and managed with the utmost integrity.
PCI-DSS Compliant
Fully PCI-DSS compliant to ensure the highest level of card and transaction data security.
Fully PCI-DSS compliant to ensure the highest level of card and transaction data security.
ISO 27001 Compliant
ISO 27001 compliant, aligning our solutions with information security management best practices and global standards.
ISO 27001 compliant, aligning our solutions with information security management best practices and global standards.
SOC2 Compliant
Lynx adheres to SOC 2 compliance, applying stringent data management practices to keep your data secure, accessible, and private.
Lynx adheres to SOC 2 compliance, applying stringent data management practices to keep your data secure, accessible, and private.
Recognitions
Lynx is a market leader in fraud and financial crime detection and prevention.
Recognised as a Representative Vendor in the 2024 Gartner Market Guide for Fraud Detection in Banking Payments.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Ready to Transform Your Fraud Prevention?
Stop more fraud, reduce false positives, and significantly lower costs with Lynx.
Proof of Concept
Discover how much you could save! Partner with Lynx to eliminate fraud and protect your customers. Our fast Proof of Concept (POC)—with no personally identifiable information (PII) required—will reveal your potential fraud savings and false positive reductions.
Why Lynx?
- Real-Time Fraud Detection
- Expert Professional Services
- Self-Learning AI Models that Update Daily
- Holistic 360-Degree View
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Access our articles, white papers, and insights to understand how Lynx
empowers financial institutions every day.
