A modular approach integrated in all-in-one solution

Product Overview

SMASH® is an Anti-Fraud framework based on a widespread model of Transaction Monitoring. It “learns to recognize” users of online payment services and their usually behavior thanks to Closed algorithms, able to analyze and to correlate more than one hundred of parameters.  These information are correlated and matched with usually behaviors of users themselves, determining in real time the factor’s risk of every transaction.

The evolution of SMASH® is based on the growing needs of EFM’s (Enterprise Fraud Management) solution, in order to provide a unique framework able to manage Anti-Fraud processes across different channel.

Key Benefits

Who Is SMASH® For?

SMASH® is specifically designed for those who need to:

How Does SMASH® Work?

SMASH® core is based on different engine of analysis focused on behavioral analysis algorithms, it is customizable by the user through the policy editor, which it is an integrated tool that allows the completely visibility and the management of rules implemented, and that allows the creation of new rules in agreement with the business specific needs of every financial institution.

SMASH® is able to perform different kinds of Anti-Fraud controls, as illustrated, and it is able to correlate them in order to provide a unique risk score of the transaction. SMASH® provides a unique solution, implementing different layers as defense, as also suggested by Gartner (refer to “The Five Layers of Fraud Prevention to prevent malware frauds”).

SMASH® Details

SMASH® was initially developed (and it is evolving) in order to protect financial institutions against internet banking frauds. It provides a wide range of powerful algorithms developed to identify and to protect from phishing, account takeover and financial malware. It is possible to configure different kind of controls to provide a deep analysis of critical transaction, correlating anti-malware checks, user behavior analysis and typical fraud patterns attacks.

The growing number of financial transaction via mobile banking channel had determined the choice to develop a dedicated module of SMASH® to cover up the mobile banking channel.

New innovative payment services like P2P (person-to-person) and e-wallet can be now protected with an innovative solution aimed to fight fraud with security checks, which correlate user behavioral analysis with the risk score of mobile device used.

SMASH®TSS+ extends the antifraud analysis field to paradigms of anti-malware control onto the traditional end-point (i.e.: laptop and pc), to identify suspicious alteration of the browser pages of users, and thanks to this information, to determine a unique global level of risk of the transaction, which considers both of technological and behavioral controls.

SMASH® SWIFT extends the antifraud checks to SWIFT payment channel, enlarging the monitored perimeter to the internal payment generated within bank.

2016 is the year of the emerging of new threats targeting SWIFT channel, with clamorous attacks and huge amounts of stolen money from international financial institutions.

We believe that transaction monitoring and behavior analysis for traditional payment system (online banking, credit/debit card) are the solution to protect banks from internal fraud and malware targeting SWIFT network. Starting from this point, SMASH® was evolved also to parse and analyze critical SWIFT messages (M103 and M202) in order to detect suspicious payments.

The Analytics module extends SMASH® capabilities in the investigation of suspected events providing “snap-in” views of user activity and behavior, transaction analysis, relationship between entity involved in the transaction. SMASH® Analytics also provides a powerful advanced reporting tool, developed in order to provide advanced KPI and metrics regarding the monitored transactions, the trend of frauds and the efficiency of implemented antifraud policies.
SMASH® for e-commerce & POS module extends online banking (web and mobile) monitoring also to credit/debit card transaction transmitted via PoS and virtual merchants (e-commerce).

Do you want to know more about SMASH®?

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