Early Warning®

Fraud Solution Profile

Through unmatched network itelligence delivered by the National Shared DatabaseSM resource, Early Warning® helps financial institutions stop fraud, facilitate payments and protect the U.S. financial system. The new Early Warning® Platform with its robust data, scalable technology and rich analytics provides the next level of service to support this mission by allowing financial institutions to fully leverage its capability bundles.  

Consortia Data 

The National Shared DatabaseSM resource contains a broad set of deposit performance data contributed by 2,500+ FIs with scored account data on 693 million deposit accounts, 618 million deposit account owners and 10.5 billion annual transactional records. Early Warning is upgrading its powerful predictive models and employing machine learning to identify patterns in activities and behaviors to provide more accurate and precise risk predictions in real time. 

Account Opening Capability Bundles

Verify Identity: Helps prevent fraud loss by detecting false and synthetic identities before they make it a financial institution’s systems. It provides a reliable assessement of an applicant’s true identity. It offers a risk score and attributes, a synthetics indicator pointing to information warranting further cross-check and a name, DOB, and SSN match in real-time.

Predict New Account Risk: Provides a transparent view into an applicant’s deposit account history and behavior to protect against losses related to new account openings, allowing financial institutions to make knowledgeable decisions that align with their goals and threshold for risk. 

Payments & Deposits Capability Bundles 

Verify Deposit: Leverages account deposit data contributed from 2,500+ financial institutions to help balance consumers’ expectations for immediate availability of deposited funds with the FIs need to guard against losses due to fraudulent, high-risk, counterfeit, or duplicate items. 

Verify Payment: Facilitates the ability to promptly mitigate non-sufficient funds and administrative returns by identifying high-risk payments and other account attributes through a single account inquiry in real time. 

Verify Account: Corporate and government entities, along the treasury resellers that serve them, can reduce transactional fraud and facilitate account validation in real time. 

Additional Capability Bundles 

Detect Identity Activity: Continuously monitors accounts allowing service providers to alert consumers of potential fraud through actionable alerts specific to banking activities and data breach situations. 

Determine Assets & Eligibility: Responds to government program eligibility and government administrative inquiries on behalf of financial institutions to quickly and accurately identity a consumer’s financial assets in order to reduce improper payments and better serve U.S. citizens. 

Verify Identity: Helps prevent fraud loss by detecting false and synthetic identities before they make it into a financial institution’s systems and provides a reliable assessment of an applicant’s true identity. It offers a risk score and attributes, a synthetics indicator pointing to information warranting further cross-check and a name, DOB, and SSN match in real-time.