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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 SENTRY: FraudSuite?

SQN Banking Systems delivers an advanced check fraud prevention platform, SENTRY: FraudSuite™, that integrates multiple detection technologies to safeguard banks from a wide array of check fraud threats. Utilizing AI and machine learning, the system performs in-depth check image analysis, examining every detail printed on checks to uncover counterfeit attempts. It builds detailed customer profiles based on transaction behavior and historical data, allowing it to detect anomalies and suspicious activity with high accuracy. The platform’s signature verification tool compares new signatures against a database of verified ones and adapts to legitimate signature changes over time. Handwriting variance detection further strengthens security by analyzing handwritten alterations on checks, such as modified payee names or amounts. SENTRY: FraudSuite™ protects against common fraud types including altered, counterfeit, forged, duplicate, and kiting checks, as well as fraudulent deposits from closed or empty accounts. The solution’s holistic approach consolidates multiple fraud measures into one seamless platform, helping banks reduce losses and enhance operational efficiency. SQN Banking Systems also provides banks with a variety of educational resources, such as brochures, guides, and real-world case studies to demonstrate the platform’s effectiveness. This ensures banks are equipped to identify evolving fraud tactics and maintain robust defenses. Overall, SENTRY: FraudSuite™ empowers financial institutions to secure their check processing workflows with cutting-edge technology and data-driven insights.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

Not specified

Customer Service / Support

Not specified

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Not specified

Training Options

Not specified

Company Facts

Organization Name

eLoomina

Company Location

Israel

Company Website

www.eloomina.com

Company Facts

Organization Name

SQN Banking Systems

Company Website

sqnbankingsystems.com/check-fraud-protection/

Categories and Features

Employee Monitoring

Not specified

Categories and Features

Banking

Compliance Tracking
Corporate Banking

Check Fraud

Not specified

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