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 and Prevention Solutions in BFSI Quadrant

Comparing 42 vendors in Fraud Detection and Prevention Solutions across 209 criteria.

Find the best Fraud Detection and Prevention Solutions 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 and Prevention Solutions tools.
  • Breadth and Depth of Product Offerings
    • Product Offerings
    • licenses
    • Solutions Offered
      • Fraud analytics (Predictive analytics, Customer analytics, Social media analytics, Big data analytics, Behavioral 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
      • Others (bank account fraud, bank card and check fraud, employee fraud, identity fraud,investment fraud, tax,inheritance and gambling frauds)
  • 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


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

    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
  • #

    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
  • #

    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, US
    • Founded: 1956
    • $500MN to $1BN
    • 1,001 to 5,000
    • Enterprise
    • Florida, USA
    • Founded: 1968
    • $10BN to $50BN
    • 50,001 to 75,000
  • #

    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
  • #

    The company provides the IBM Security Trusteer Fraud Protection 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
    • 1 to 50
    • Enterprise
    • 501 to 1,000
  • #

    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
  • #

    The solution 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
    • Walldorf, Germany
    • Founded: 1972
    • More than $100 BN
    • 501 to 1,000
  • #

    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 solutions that implement fraud detection techniques to gain a consolidated view of the fraud risks. SAS Fraud Framework 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
    • Enterprise
    • 501 to 1,000


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