Propello

Continuous Fraud Monitoring (CFM) solutions, effective detection methods and proven ROI. Propello are the Fraud Management specialists.

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Fraud is the problem

Fraud is a critical and growing issue for companies. The typical organization loses an estimated 5% of annual revenue to its own employees -- a global total of $3.5 trillion.
Source: Association of Certified Fraud Examiners

Detecting potential fraud earlier reduces losses and protects future revenue.

With business data growing up to 120% a year, new tools are necessary to understand, identify and prevent fraudulent activity before it occurs.
Source: KnowIT

Propello is the solution

Propello's Continuous Fraud Monitoring (CFM) solution enables your organization to detect fraudulent activity and identify suspicious trends to reduce losses and improve compliance.

CFM uses next generation relational database tools. with industry specific fraud detection rules to automate monitoring and protect against fraudulent activity.

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  • Propello's CFM can monitor...

    Multiple Customers Paying from the same bank account against different insurance policies on the same person vehicle or building.

  • Propello's CFM can monitor...

    Employee addresses or phone numbers matching supplier contact details.

  • Propello's CFM can monitor...

    Customers and suppliers against internal and external fraud alert lists.

Industries that use Propello

Propello's CFM is effective in a number of different industries including some of the ones below:

Insurance

Insurance

CFM enables insurers to detect fraudulent claims and accelerate processing of legitimate claims, reducing losses and improving customer satisfaction.

Banking and Finance

Banking and Finance

CFM enables Banks & Financial Institutions to conduct continuous monitoring and control of many aspects of financial compliance in a flexible solution to achieve control over fraud.

Retail

Retail

CFM allows retailers to monitor transactions and cash balances across sites to detect suspicious trends, monitor staff and supplier records and identify fraud.

Utilities

Utilities

CFM allows Utilities to monitor and identify unusual billing or usage behaviour to quickly identify fraudulent transactions.

Telecommunications

Telecommunications

CFM provides Telcos with tight monitoring and control over business processes and financials systems to expose and prevent fraud from taking place.

Government

Government

Enables local and central Government entities to detect fraudulent behaviour internally and externally across programs, suppliers as well as check compliance against policies and procedures.

Why choose Propello?

Propello's 3 stage CFM approach sets it apart from other detection systems.

  • Phase 1: Analysis

    Clients transactional data is extracted and examined for patterns of fraudulent activity using industry specific tests.

  • Phase 2: Monitoring

    Continuous Fraud Monitoring (CFM) is implemented to detect, alert and prevent fraudulent activity as it occurs.

  • Phase 3: Future Security

    To maintain protection the CFM platform is updated to the most up to date rules and logic to enable detection of new fraudulent methods and techniques.

Propello's solution has impressed me by providing a state of the art solution to make significant operational improvements in the way we can detect fraud and manage our large datasets
Dave Ashton, CEO
Insurance Claims Register
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Proven ROI

Propello recently completed a study for a large insurer using its historical claims transactions over the last 5 years, to profile for fraudulent claims that had been paid. We identified savings of at least $5m per annum had continuous fraud monitoring been implemented at this insurer.

Contact us

To find out more about how Propello can enhance your business, please don’t hesitate to contact us.

info@propello.net
PO Box 301775
NSMC 0752 NZ
+64 9 950 2697

Articles & Downloads

The Impact of Anti-Fraud Controls

Infographic

Copyright 2014 by the Association of Certified Fraud Examiners, Inc.

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Profile of a Fraudster

Infographic

Copyright 2014 by the Association of Certified Fraud Examiners, Inc.

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The Cost of Fraud

Infographic

Copyright 2014 by the Association of Certified Fraud Examiners, Inc.

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Propello - CAS for Fraud Management | Propello - CAS for Fraud Management