The BFSI vertical is among the most fraud-hit verticals due to its amount of transactions (both monetary and data centric), number of transactions, and technological advancements. With online and card-related transactions becoming more common, the possibility of frauds in this vertical is increasing significantly. This BFSI vertical faces both internal and external fraud threats, which can lead to disastrous losses. The vertical has implemented several technology-based solutions and is one of the early adopters of FDP solutions. However, these technological advancements still create nightmares for the BFSI vertical. Fraudsters and hackers are trying newer and advanced technology-based solutions to hack into or access (unauthorized) networks and systems. As a result, banking and financial service providers spend millions of dollars to keep their systems up-to-date with the latest security measures.

Fraud Detection Software in BFSI Quadrant

Comparing 42 vendors in Fraud Detection Software across 127 criteria.

Find the best Fraud Detection Software solution for your business, using ratings and reviews from buyers, analysts, vendors and industry experts


Below criteria are most commonly used for comparing Fraud Detection Software tools.
  • Breadth and Depth of Product Offerings
    • Product Offerings
    • licenses
    • Solutions Offered
      • Fraud analytics
      • Authentication (SFA and MFA)
      • GRC solutions
      • Other Solutions
    • Services
      • Professional Services
      • Managed Services
      • Consulting Services
      • Training and Support
      • Others
  • Product Features and Functionality
    • Type of Integrated Features
      • Insurance claims
      • Money laundering
      • Electronic payment
      • Mobile payment
      • Other features
  • Delivery
    • Platform/Technology
    • Deployment Model
      • On-Premise
      • Hosted / On-Cloud
    • Delivery of Service
      • Full Time Equivalent
      • Subscription / Licensing
      • Per User / Workstation Basis
    • Channel of Delivery
      • Directly
      • Through Partners / Third-Party Vendors / MSSPs
  • Scalability
    • Number of End Users
    • End User Organization Size
  • Support and Services
    • services
      • Technical Support
      • Customer Support
      • Sales Support
      • Others, please specify
    • Pre Sales Support
      • Software Requirement Specification (SRS)
      • Product Demos
      • Proof of Concept
      • Dedicated Account Manager (DAM)
    • Channel for Delivery of Support Services
      • Remote Support
      • On-Site Support


  • 1

    The company provides the IBM Security Trusteer Fraud Protection Software Suite, which includes IBM Trusteer Pinpoint Detect, IBM Security Access Manager, IBM Counter Fraud Management, and IBM Trusteer Rapport. The IBM Security Trusteer Fraud Protection Suite helps organizations and businesses to detect and safeguard themselves from fraudulent activities.

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    • Enterprise
    • New York, USA
    • Founded: 1911
    • $50BN to $100BN
    • 1,00,001 to 5,00,000
  • 2

    The company offers fraud and security intelligence solutions to mitigate risks and fraud practices with the help of anomaly detection techniques. SAS provides fraud and security softwares that implement fraud detection techniques to gain a consolidated view of the fraud risks. SAS Fraud Detection Software provides solutions such as fraud data management, alert management, detection, alert generation, and case management to the government, enterprise, and BFSI sectors.

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    • Enterprise
    • North Carolina, USA
    • Founded: 1976
    • $1BN to $5BN
    • 10,001 to 15,000
  • 3

    FICO offers various solutions, such as FICO Enterprise Fraud and Security, FICO Retail Fraud Manager, FICO Application Fraud Manager, and FICO Falcon Fraud Manager, in the FDP market. FICO Falcon Platform for fraud management provides real-time protection to enterprises from frauds occurring through multiple payment channels.

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    • Enterprise
    • California, USA
    • Founded: 1956
    • $500MN to $1BN
    • 1,001 to 5,000
  • 4

    In order to protect financial institutions from financial and reputational harm, BAE Systems provides AML compliance solutions. These solutions are used by banks, insurance companies, and law and enforcement agencies. The company also offers a solution for insurance fraud prevention named NetReveal P&C Claims Fraud solution.

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    • Enterprise
    • 501 to 1,000
  • 5

    ACI Worldwide has developed practical solutions to implement customer-centric financial crime management. Most financial institutions have to face considerable risks in technical malware, vishing, whaling, and hacking, etc. ACI helps prevent this by keeping track of all activities within the institution. The company works for fraud detection and prevention on online and offline level enterprises and also provides compliance solutions.

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    • SME
    • Naples, Florida, United States of America
    • 1,001 to 5,000
  • 6

    The SAP Fraud Detection Software provides users with real-time information to help organizations prevent revenue losses. The company uses predictive analytics technology in its solutions to offer better fraud management for its customers and proactively minimize fraud risks.

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    • Enterprise
    • Weinheim, Germany
    • Founded: 1972
    • $10BN to $50BN
    • 75,001 to 1,00,000
  • 7

    Oracle provides effective solutions such as Oracle Communications Fraud Monitor, Oracle Financial Services Anti Money Laundering, Oracle Database, Oracle Partitioning, Oracle Advanced Analytics, Oracle Active Data Guard, Oracle Fusion GRC, GRC Intelligence, Oracle Enterprise GRC Manager, and GRC Application Controls.

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    • Enterprise
    • California, USA
    • Founded: 1977
    • $10BN to $50BN
    • 1,00,001 to 5,00,000
  • 8

    It comprises various technologies, such as predictive data modeling technology, identity search technology, fraud indicator business rules, company claims information, and industry data sources, to minimize losses associated with fraudulent attacks.

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    • Enterprise
    • Virginia, US
    • Founded: 2017
    • $5BN to $10BN
    • 1,00,001 to 5,00,000
  • 9

    Fiserv is a prominent player offering financial services to SMEs and large enterprises across the globe. The company delivers risk and compliance solutions and services. Fiserv offers solutions such as Payment Fraud Manager, Fraud Risk Manager, Fraud Risk and AML Compliance Management, and Check Fraud Manager in the FDP market.

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    • Enterprise
    • 501 to 1,000
    • Startup
    • Mountain View, CA, US
    • Founded: 2005
    • $11MN to $50MN
    • 101 to 500
  • 11

    MASTERCARD has invented a fraud detection software to resist the financial loss of their clients. Nowadays, the major part of the monetary exchange is dependent on online fund transfer. There are numerous individuals who havoc other people’s property illegally. Multiple organizations and people in business nowadays face severe problems regarding monetary safety. MACARDSTER has launched an identity recognizing tool, dependent on EMV 3 D specification to resist online financial fraudulent.

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    • Enterprise
    • 501 to 1,000
  • 12

    Fidelity Information Services on FIS works against fraudulent activities by real-time monitoring, robust and useful intervention tools. There are account and card monitoring solutions that alert the customers and the teams working at fraud detention so that your company incurs minimum losses by lowering your liability. Thereby all transactions are authenticated, and the environment is secure for smoother business.

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    • Enterprise
  • 13

    VISA has launched plentiful materials to help people to secure their debit and credit cards from frauds. Recently, VISA has brought a new tool to block the treats by scams. It will help to transact money securely and will add reliability to the ecosystem of the method of payment. This technological software named eCommerce THREAT DISRUPTION scans the front part of online commercial websites and detects malware promptly.

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    • Enterprise
    • 501 to 1,000


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Marie Stelle

Engagement Partner -