Fraud prevention & risk management

Achieve significant cost savings while preventing check, loan, and payment authorization fraud.

Ironically, as processes become more automated, financial institutions become more vulnerable to crimes, fraud, and KYC violations. Even as banks try to reduce expensive paper transactions, checks, credit, and payment documents are processed every day.

Event sponsored by ABBYY

ABA/ABA Financial Crimes Enforcement Virtual Conference

Cybercriminals and fraudsters adapt to the changing times for their gain and you need to adapt your institution’s defense strategy to stay ahead of them. Learn more on December 8-10, look for ABBYY’s virtual booth and check out our Power Lunch Session, “RPA and NLP: New Technology (and New Acronyms!) Solving Old Problems”.

Learn more

Optimize the validation and proof of documents function

As attacks are most likely to occur through process vulnerabilities and fraudulent documents, thorough process discovery and analysis is a necessary first step, followed by automating paper-based processes with the ability to spot suspicious behaviors. Banks can achieve significant cost savings and speed time to payment while preventing check, loan, and payment authorization fraud by optimizing the validation and proof of documents function. Automated and centralized processing of documents with verification against customer information and behavior patterns and KYC policies reduces slow, error-prone manual processing.

With ABBYY, hand-printed text and other critical data from checks can be identified and extracted automatically with NLP-focused entity extraction. When a bank receives a check, ABBYY solutions automatically look up reference images using signature comparison to verify the authenticity of the check and prevent forgery or counterfeits –– solving a major problem for financial institutions.

Features & benefits


Discover processes to identify and tackle vulnerabilities, and to target automation and touchless mobile input.


Retrieve and extract hand-printed information to guarantee high data accuracy.


Audit and validate document information against KYC/AML rules and flag suspicious activity for investigation.


Capture data from large volumes of paper checks.


Identify potential counterfeits immediately using modern AI and NLP-based document intelligence.

Features 235B 55X55

Reduce manual data entry.


Capture data delivered from various input devices (mobile phones, tablets, scans, etc.)


How the COVID Era Makes KYC/AML Interesting

The accelerated adoption of Hyperautomation, originally conceived for making operations more efficient with AI and bots, now is a strategic element of making contactless business for both customers and employees work.

Read about other process scenarios in financial services

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Find out how ABBYY automation solutions for Banking&Finance addresses your organization needs.

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