%20(1)%20(1).svg "finovifi-white-logo 1 (1) (1) (1)"){kind=small}
Exposed check value identified.
Dark Defend FraudXchange
Your Defense Against Financial Fraud
FraudXchange can help you and your customer stay ahead of financial threats and ensure a more secure financial future.
What We Do
Advanced DarkWeb Monitoring and Centralized Case Management
FraudXchange is a revolutionary solution designed to empower financial institutions in the fight against fraudulent transactions. Featuring advanced dark web monitoring and robust internal fraud case management components, FraudXchange equips banks and credit unions with the tools needed to detect, prevent, and mitigate fraud effectively.
Contact us today to learn more about how a FraudXchange membership can revolutionize your institution's approach to fraud prevention.
Our Services
Build & Track Fraud Cases
Easily document all types of fraud cases from start to finish with our system that automatically generates detailed reports. Examiners will appreciate the consistent format for all your documented fraud cases.
Suspects Tracking
Keep detailed records of all suspects involved.
Impacted Financial Institutions
Document all financial institutions affected by fraud.
Unlimited Storage
Upload all relevant documents without storage limits.
Exposure Documentation
Record the potential exposure amount for your institution.
Total Loss Documentation
Document the total financial loss incurred by the institution.
Case Timeline and Progress
Track and document each case's timeline and progress.
How It Works
Advanced Fraud Detection and Case Management
Stolen Check Detection
FraudXchange can be easily incorporated into inclearing processing to prescreen cash letters for potential forged or altered checks.
Fraud Tools
• Search for Business Scams through Scam Tracker
• Verify a broker
• File an elder fraud compliant or business email compromise compliant with the FBI
Fraud Training
Empower your team with the knowledge and skills to recognize and combat fraud effectively. Our training platform equips your staff with the latest tools and techniques.
Fraud Alert System
React promptly to potential threats with our instant fraud alert system, ensuring you stay one step ahead of fraudsters.
Combat Multiple Scams
Our platform is equipped to halt multiple fraudulent transactions linked to the same scam, preventing further financial losses and strengthening your institution's defenses
Treasury Check Verification System (TCVS) API
• FraudXchange now integrates directly with TCVS via API, providing check status and payee name details—crucial information when handling Treasury checks.
• Unlike manual verification, our automated API retrieves comprehensive check details instantly, reducing fraud risk and streamlining check processing.
• Unlimited users: We recommend setting up your tellers, new accounts team, and fraud prevention specialists as users for seamless operations.
Active Check Fraud Intelligence: Last 30 Days
Updated daily, this map highlights locations where compromised checks are being bought, sold, or traded online. It represents current fraud intelligence uncovered by FraudXchange's dark-web monitoring—designed to help banks act before checks are deposited or paid. (Zoom in to increase specific detail.)
Current Customer Snapshot
What FraudXchange Is Finding for Current Customers.
FraudXchange gives financial institutions visibility into exposed check activity surfaced across the current customer dataset.
Customer institutions had exposure identified.
Had more than $100K in exposed check value identified.
Had more than $1M in exposed check value identified.
Why it matters
Median institution exposure Approximately $78K
Average exposed check amount Approximately $16.6K
Exposed check items Approximately 1,370
Request a FraudXchange Demo View Active Check Fraud Intelligence
Source: FraudXchange customer dataset of 58 institutions. Exposed check value reflects check value surfaced in FraudXchange and should not be interpreted as confirmed fraud, actual loss, or guaranteed prevented loss.
Now With Card Monitoring!
CardGuard – Proactive Debit & Credit Card Protection from Finovifi
Now included with FraudXchange, CardGuard gives your financial institution the ability to proactively detect and respond to card fraud. With continuous dark web surveillance tied to your institution’s BINs, CardGuard alerts you to compromised credit and debit cards and provides a searchable index for rapid investigation. Strengthen your card security, act faster, and protect your customers with confidence.