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Criminals increasingly launch attacks to commit payment fraud across non-card channels including ACH payments, wire transfers, and real-time payment networks. In the era of rising instant payments, fraud is often instant and irrevocable. Once money leaves a customer’s bank account, it’s gone.
For financial institutions, payment fraud has become a real-time customer retention issue. Growing and retaining customer deposits is a top priority for most financial institutions, yet many customers switch banks due to security concerns. Effective, real-time fraud prevention is now a business imperative.
Lynx’s payment fraud prevention solution is engineered for the speed and risk of the modern payments ecosystem, enabling you to protect your customers and your deposit base:
With Lynx, you’re empowered to deliver innovative payment services with confidence, secure every payment, and build customer loyalty.
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Global transactions secured annually.
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Transactions processed in ❮50 ms*.
User Protection
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Users protected globally.
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Annual savings realized by clients.
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Add a new channel for rapid deployment across all systems.
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Value Detection Rate (VDR) minimizes financial losses.
Lynx Fraud Prevention detects and stops fraudulent transactions in milliseconds before they harm your organization and customers.
Lynx’s Daily Adaptive Models are advanced AI models that continuously learn from new data to intelligently detect more fraud with less friction.
Explore how Lynx’s Advanced Daily Adaptive Models are transforming financial crime prevention.
1. Enrichment: Payload data is enriched with user transaction, device, behavior, and financial identity data to create a high-fidelity profile.
2. AI Scoring: The Daily Adaptive Model analyzes the enriched data for anomalies and gives the transaction a precise fraud risk score.
3. Detection: A configurable rules-based decision engine suggests an “approve” or “deny” decision based on the AI risk score and your organization’s defined risk tolerance.
4. Alert: Suspicious, high-risk transactions generate an alert and are immediately halted for analyst review.
5. Daily Feedback and Improvement: Fraud analysts provide human-in-the-loop feedback by approving or denying flagged transactions, giving the Daily Adaptive Model more intelligence while ensuring it stops fraud today.
Discover how BCP is revolutionizing fraud prevention with Lynx’s advanced Fraud Prevention solution.
Lynx is trusted by multinational organizations across the globe. We detect and prevent fraud and financial crime with unmatched speed, accuracy, and expertise.
Deploy Lynx on-premises or in the cloud for rapid fraud detection. Daily Adaptive Models process 99.99% of transactions in under 50ms on-premises and under 100ms in SaaS deployments.
Layer Lynx’s advanced AI risk scoring over your existing systems or rip and replace to deploy Lynx as a comprehensive fraud detection solution.
Lynx is compliant with PCI-DSS, ISO 27001, and SOC 2 for strong data security. We also meet ISO 20022 and ISO 8583 to align with global messaging requirements.
Lynx empowers you to connect disparate data across channels to build a unified, 360-degree customer view. Incorporate data from all payment channels including online, mobile, and telephone banking as well as card present and card not present transactions.
With Lynx Flex, you can easily adjust which data fields are used for fraud detection to match your unique transactions and customers. Changes don’t require coding and take effect across the system in about an hour, delivering immediate impact.
Create custom dashboards, check the detection model’s performance, evaluate rules, and track emerging fraud trends using real-time queries in Lynx’s reporting module. We store your enriched payloads and visualize them in digestible graphics so you can see the data you want, when you want it.
*average performance for an on-premise deployment using TCP/IP socket
Are you ready to experience Lynx’s Fraud Prevention solution?
Contact us for a demo.