Lynx Fraud Prevention
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Lynx Money Mule Account Detection
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Lynx Money Mule Account Detection

Confront the Money Mule Crisis Today

Financial institutions are at risk as money mules launder illicit funds, with over $3.1 trillion flowing through the system. Avoid becoming a statistic—Lynx provides AI-powered solutions to identify and disrupt these activities in real time, protecting your bottom line and ensuring compliance. 

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Performance

%

Transactions processed in ~50 ms*

Flexibility

%

Rapidly integrate new channels to stay agile.

Cost Savings

%

Annual savings realized by clients.

Value Detection Rate

%

Minimize losses before they affect your bottom line.

Transactions

%

Global transactions protected annually.

User Protection

%

Users protected annually.

* Known performance where connection is TCP/IP socket and the solution is on-premise.

Industry-Leading Recognition for Money Mule Detection

Lynx has been recognized as a Leader in Next-Gen Scam Prevention by Datos Insights. Our Daily Adaptive Models empower financial institutions to meet real-time demands while combating emerging threats head-on.

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Transforming Money Mule Detection: A Success Story

Partnering with a leading UK bank, Lynx tackled a staggering €7 Million annual loss from money mules.

65% ADR

Money mule account detection rate.* 

70% VDR
Successfully intercepted money mule transactions.*  
10
False Positives out of 10,000 transactions. *
EXPLORE SUCCESS STORIES

*Results may vary based on clients’ data quality.

The Real-Time Global Money Mule Challenge

Money muling has reached crisis-level proportions. Sophisticated organized crime groups are increasingly opening, compromising, and recruiting money mule accounts to launder funds tied to authorized push payment fraud (APPF), human trafficking, and drug trafficking. To effectively address these threats, financial institutions must have real-time capabilities to detect and halt illegal activities without delay. 

Money muling poses immediate challenges that demand urgent solutions. Many legacy systems contribute to high false positives, leading to significant operational challenges:  

 

Increased Workload

Analysts sifting through numerous alerts, hindering focus on genuine threats.

Financial Losses

Inaccurate identification results in considerable losses for institutions and customers.

Alert Fatigue

Overloaded systems lead teams to overlook critical fraud attempts.

Regulatory Repercussions

Non-compliance with emerging AML regulations exposes institutions to penalties and reputational damage.

Consequences of Inaction

Outdated detection systems lead to high false positives and critical regulatory repercussions.

  • 90% of money mule transactions linked to cybercrime.
  • 75% of digital banking fraud attributed to APPF.
  • $5.25 billion projected APPF losses by 2026 across major markets.

The Solution?

Real-time solutions, designed for real-time detection and regulatory compliance.
READ MONEY MULES WHITEPAPER
Unlocking the Power of Prevention

Proactive Real-Time Protection

Stopping Money Mules Before They Strike: Addressing Key Threats with Real-Time Solutions.

The threat of money mules is escalating, but Lynx is here to combat these challenges with intelligence and speed.

Disrupt Incoming Fraudulent Funds

Problem: Illicit funds from criminal activities, including APPF, human trafficking, and drug trafficking, flow through financial systems unchecked. Legacy solutions often struggle with high false positives, exposing institutions to significant risks.

Solution: Lynx’s AI-driven models analyze incoming transactions in real time, instantly identifying suspicious patterns. This proactive approach enables you to block illicit funds before they circulate within your organization, enhancing compliance and protecting your reputation.

Compromised Mules – Account Takeover (ATO) Prevention

Problem: Account takeovers expose institutions to the risk of exploiting compromised accounts for money laundering.

Solution: Our detection models proactively analyze login behavior, transaction history, and account activity to swiftly identify suspicious behavior and halt mule activities.

Recruited Mules – Deception and Incentivization

Problem: Criminals utilize deceptive tactics to recruit money mules, often without the individual’s knowledge.

Solution: Lynx employs machine learning algorithms to identify alterations in transaction behavior and unusual multi-channel activities, facilitating rapid intervention.

Fake Mules – Account Opening Fraud Prevention

Problem: Advanced identity theft tactics allow criminals to create synthetic identities and open mule accounts.

Solution: Our Daily Adaptive Models uncover fraudulent onboarding attempts by analyzing comprehensive datasets, enabling institutions to thwart malicious activities before they escalate.

Lynx Money Mule Fact Sheet

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Core Capabilities & Technology

Daily Adaptive Models: Advanced AI for Real-Time Decisions
Lynx’s Daily Adaptive Models (DAMs) are designed for adaptive detection and enhanced performance, making us a leader in the financial crime prevention landscape.
For more on DAMs, check out our Daily Adaptive Models White Paper.

Seamless Integration and Flexibility
Lynx can operate as a standalone module or layer seamlessly onto existing fraud detection systems. This flexibility enhances your overall strategy without disruption, allowing for rapid deployment and immediate results.
Daily Adaptive Models

Time to Deploy New Channels

Add new channels in less than 60 minutes, enabling you to respond quickly to evolving fraud tactics.

On-Premise and SaaS Options

  • On-Premise: Fully integrated into your internal systems for complete control.
  • SaaS: Cloud-based for easy scalability and reduced infrastructure costs.

Comprehensive Channel Coverage

Lynx supports all channels, including online, mobile, card-present, and card-not-present, effectively monitoring every transaction facet.

Supervised Machine Learning

Our algorithms offer real-time adaptability, significantly reducing false positives for more efficient fraud detection.

Real-Time Transaction Monitoring

Evaluate all incoming and outgoing transactions in real-time,  blocking illicit funds without interrupting legitimate activity, ensuring compliance and trust.

Multi-Channel Coverage

Effortlessly detect money muling activities across all channels. With Lynx Flex, easily integrate new data sources with a simple click for comprehensive coverage.

360-Degree View of Risks

Gain a holistic perspective of money mule risks across incoming and outgoing transactions, enhancing decision-making and threat response.

Multi-Protocol Support

Seamlessly integrate with various systems using our versatile support, including TCP/IP Socket and RESTful API.

Innovative Technology with No Added License Fees

Utilize our in-memory database for enhanced detection without incurring additional licensing fees, simplifying management through a no-code interface. 

Continuous Learning

Lynx’s dynamic feedback loop continuously adapts detection capabilities based on new data, keeping you at the forefront of evolving threats.

Proprietary Solutions Tailored to Your Needs

Lynx’s models are tailored to fit your organization’s architecture, adapting to the latest patterns of money mule activities.

*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
PCI-DSS compliant to ensure card, eBanking, mBanking and transaction data security. 

ISO 27001 Compliant
ISO 27001 compliant ensuring our solutions are aligned to information security management best practice and global standards. 

SOC2 Compliant
Lynx applies the strongest data management applicable keeping your data secure, available and private. 

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Our Latest Resources

Access our articles, white papers, and insights to understand how Lynx
empowers financial institutions every day.

Ready to Transform Your Fraud Prevention?

With Lynx, you can witness the difference through a Proof of Concept (POC). In just three weeks, you can implement our solution, layer it over current systems, and observe immediate results. This rapid deployment is essential for organizations striving to comply with APPF regulations and enhance their defenses against money mule schemes without disrupting existing workflows.   

No other solution offers the agility and performance of Lynx Money Mule Detection. Our unique capabilities ensure you not only meet compliance requirements but also significantly bolster your defenses against sophisticated fraud attacks. 

Proof of Concept

Transform Your Money Mule Detection in Just 3 Weeks! Discover how effective our solution can be! With Lynx, you can seamlessly integrate our system and see immediate results. Our rapid Proof of Concept (POC)—implemented without any disruption to existing workflows—will help you comply with APPF regulations while strengthening your defenses against money mules.

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Why Lynx?

  • Real-Time Money Mule Detection
  • Expert Professional Services
  • Self-Learning AI Models that Update Daily
  • Holistic 360-Degree View
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