Information from an application is automatically ingested as a JSON file. With a simple lightweight API integration, the platform can source data from any location including the web, mobile apps, in-branch, and over the phone.
Amount’s Rules Engine then creates a unique risk profile for each applicant. Risk identification happens in real-time using data from the application, third-party sources, and proprietary fraud models. The Rules Engine is available out-of-the-box or can be customized to your business needs.
Multi-Layered Fraud Defenses
Amount’s Multi-Layered Fraud Defenses utilize state-of-the-art machine learning, data analysis, and highly trained specialists to detect and prevent fraud as early as possible. Key features include Amount’s Fraud Score, social network linking, device fingerprinting, and case management.
Amount provides access to external data sources to enrich application data for use in rules, resolution strategies, or case management. Choose from 15+ pre-configured data vendor sources or add additional data feeds.
The Resolutions Engine facilitates applicant, agent, and system workflows that mitigate the risks identified by the Rules Engine. Configurable strategies provide the flexibility to hand-pick the suite of tools and workflows triggered by each rule.
If the Resolutions Engine triggers workflows to verify information, Amount’s Customer Dashboard can minimize or eliminate the need for manual intervention by allowing applicants to complete the verification process on their dashboard. Required workflows displayed on the dashboard are tailored to each applicant’s risk profile. Applicants use single sign-on (SSO) to access the Customer Dashboard from any device.