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What is eLoomina?

eLoomina's primary objective is to provide large corporations with early insights that can help reduce employee misconduct and manage internal risks effectively. This sophisticated tool is designed to analyze employee behavior, aiming to detect potential misconduct as early as possible. Research indicates that internal fraud can drain up to 5% of a company's annual revenue, with an average loss of around $130,000 per incident. Alarmingly, 22% of these fraud cases lead to losses that surpass $1 million, with such schemes typically persisting for approximately 16 months. It is crucial to highlight that 85% of these incidents displayed behavioral warning signs, yet most remain unnoticed or are discovered too late. Reporting statistics show that 40% of fraud cases are uncovered through tips, 15% via internal audits, and 13% through management reviews, while only 3% are detected through technological solutions, underscoring the urgent need for a more proactive stance on corporate risk management. By adopting eLoomina, organizations not only protect their financial assets but also promote a workplace culture that values transparency and accountability, ultimately leading to a more ethical environment. Investing in such tools can create long-lasting benefits for both employees and employers alike.

What is FraudXchange?

With FraudXchange, your organization can significantly improve its ability to detect, prevent, and manage financial fraud while working in conjunction with fellow banks and credit unions to bolster collective defenses. In a world where email addresses face daily threats, leveraging FraudXchange allows you to identify your institution's most vulnerable business email addresses, and you will receive prompt alerts regarding any breaches, enabling swift action to protect your at-risk staff. By partnering with other financial institutions, you will access crucial insights, strategies, and intelligence that will greatly enhance your collaborative efforts in combating fraud and reducing financial losses. Additionally, FraudXchange facilitates the swift recovery of funds whenever possible, aligning with the regulatory frameworks established by Regulation E, Regulation CC, the UCC, as well as judicial reviews and the guidelines from the FFIEC and NCUA, ensuring both compliance and operational efficiency. This all-encompassing strategy not only safeguards your institution but also strengthens the resilience of the entire financial sector against fraudulent threats. Ultimately, by utilizing FraudXchange, your organization not only prioritizes its own safety but also contributes to a more secure financial ecosystem for all.

Media

Media

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Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

$195 per month

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Not specified

Customer Service / Support

Web-Based Support

Training Options

Not specified

Training Options

Documentation Hub

Company Facts

Organization Name

eLoomina

Company Location

Israel

Company Website

www.eloomina.com

Company Facts

Organization Name

ThreatAdvice

Date Founded

2016

Company Location

United States

Company Website

www.fraudxchange.com

Categories and Features

Employee Monitoring

Not specified

Categories and Features

Fraud Detection

Not specified

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