Oceanpayment’s Risk Management System

Digital online and mobile banking users exceeded 2 billion in 2018, according to the 2019 Global Identity and Anti-Fraud Report. Additionally, the industry expects an 11% growth rate by 2023. Due to this growth, fraud concerns are increasing tremendously. Here’s how Oceanpayment’s risk management system helps cross-border merchants stay safe.  

About Anti-Fraud

Anti-fraud has become an enormous priority within the digital finance industry.  Due to this, the digital payment industry is facing the growing concern of improving system defence and early warning capabilities. 

As a leading brand in the cross-border payment industry, Oceanpayment has built a professional risk control team that tackles the issues at hand. It consists of global anti-money laundering, AI technology application experts and data technology modeling and acquisition application expert accounting for more than 20 years in renowned financial institutions, they create a closed-loop risk control management and operation system. Oceanpayment is also actively applying FinTech’s new technologies based on changes in consumption scenarios, which further leverages its ability to quickly model and system iteratively. This, in turn, creates an industry-leading security and trading environment that is safe for merchants and consumers.

Oceanpayment’s Risk Management System

Effective defence 

Oceanpayment’s prior to event-effective defence system, rigorous fraud risk model and analysis tools can be tailored to different business needs. This provides customizable risk-control models and rules which enable merchants to have matchable fraud prevention.

Real-time interception 

Oceanpayment’s risk management system and capabilities are in real-time thanks to AI and big data comprehensive, multi-level detection and analysis. Real-time data monitoring and risk interception for every transaction that merchant has received, in addition to a complete transaction analysis in milliseconds. With a proper risk management system, a merchant can determine quickly if there is credit card fraud or theft of card payment accounts. Furthermore, the system can successfully convert high-quality transactions in a  short period of time. It can also interrupt fraudulent transactions quickly and efficiently and withstand most risks without the consumer’s knowledge.

Monitoring and adjustment 

Oceanpayment’s after-the-event risk management system capabilities enable multi-dimensional data analysis of all past and current transaction records. The system effectively intercepts suspicious transactions afterward and continuously tracks to identify fraud cases. Based on the ever-changing trends of fraudulent activities, match intelligently new fraud models and same apply to during and after risk management system.

While continuing to lead the industry in innovation and promote the rapid development of payment security, Oceanpayment always puts merchants’ transaction security first. On the basis of adhering to the bottom line of risk control keep one-stop service for the consumer and help enterprises better improve their risk control capabilities and increase their profits. All of this ensuring the security of merchants’ funds, information security and enhancing consumers’ cross-border payment experience.

What do you think of Oceanpayment’s risk management system? For more information make sure to visit the website.