Digital barrier created against payments fraud

Sisecam is the first company in Turkey to establish and operate a ‘digital fraud detection and control system’ in relation to payments made through banks.

The group manages its banking transactions via ‘Kyriba’, one of the most effective software solutions in its field, by means of SWIFT , a global money transfer and financial communication system. It became the first in Turkey to transfer a bank payment order with a high level of security and without the need for manual processes, subsequent to online fraud audit and blacklist company scans.

Thanks to the digital fraud detection and control system, the company aims to prevent increasing fraud cases in relation to payments made by corporate companies.

In the scope of the digital payment approval system, any payments that are reviewed in the framework of fundamental rules such as ‘payment approval limits per person’, ‘sensitive changes in payment information’, ‘new bank accounts with first incoming/outgoing payments’ and ‘payments made to countries on sanction lists’ are automatically stopped in the event that any breach is detected.

www.sisecam.com

Published: 
03/07/2020

Hot Topics