Today banks either own payment solution in-house or commonly outsource it through payment service providers. This creates silo view of the payment across various channels for the same customer and hence collective intelligence cannot be harnessed. RS IntelliEdge™ (Banks) is designed to solve this problem by preserving what it banks have today but creates a common infrastructure to harness unified perspective.
This is an in-flight risk assessment solution for all payments channel and fund sources – covering cards, accounts and alternate payment methods (APM). Key features include:Multi-tenant, SaaS based solution to support banks and branchesAPI based access for transaction scoringSupport for multiple data formats ISO 8583 and XLMChannels and message specification covered spans ATM, POS, ECOM, biometric payments, ACH, immediate payments, faster payments, check payments, etc.Rule Management system with user-friendly rule-editor, rule-verification against sandbox, rule maker-checker and rule promotion to productionSupports federated business architecture: rules can be provisioned at global level which can have bank level overrides plus banks can develop custom rulesProvides Case Management with access to central bank users as well as branch usersSupports AI/ML models for efficienciesEnables fund movement tracing across accounts to support AMLEnables tracing of reported frauds to point of purchase to detect common point of purchase (CPP) to issue possible compromise reports to consumersTrue cross channel perspective using Customer ID as keyBranch Level RulesCan be extended to Loan, Treasury, EFTStep-up authentication (Risk Based Authentication)