The Growing Problem of Fraudulence:

Businesses that onboard customers must adhere to strict regulatory and security standards. Unfortunately, fraudsters continuously devise new methods to deceive systems and exploit vulnerabilities. Effectively safeguarding against such fraudulent activities requires robust data consolidation and filtering mechanisms. However, many existing solutions face limitations in terms of scalability, reliability, and the ability to adapt to evolving fraud methodologies. Frauds often involve document modification techniques aimed at outsmarting the system.

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What is Dfraud?

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Jukshio's Dfraud is a powerful tool that goes beyond traditional Know Your Customer (KYC) solutions. By leveraging advanced Face Recognition technology, Dfraud assists businesses in identifying and preventing fraudulent onboarding attempts. The solution incorporates a multi-pronged approach that tackles various aspects of fraudulence, ensuring a comprehensive defense against fraudsters.

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Deduplication:

Using facial recognition technology, Dfraud performs deduplication to consolidate documents with different data but identical faces. For example, the solution can detect instances where a user creates multiple variations of the same document, potentially indicating fraudulent behavior.

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Document Modification Detection:

Dfraud employs AI-based modules to detect document spoofing with a high level of accuracy. It can identify various tampering methodologies, including:

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• The capture of customer photos from a display screen during verification.
• Pasting face photos on ID cards and creating multiple photocopies to avoid detection.
• Pasting paper on printed information, such as QR codes, to deceive the system.
• Capturing images from HighRes TVs to bypass liveness detection.
• Blacklisting: Dfraud includes a real-time blacklisting mechanism to identify and block users engaged in fraudulent activities. By consolidating data related to fraud attempts and document spoofing, a blacklist is generated to prevent future fraud incidents.

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Manual Re-verification:

To add an extra layer of security, Dfraud incorporates manual re-verification performed by a highly skilled team trained to detect fraudulence. This diverse team analyzes extensive databases and makes 68,000-80,000 decisions daily. Their expertise helps identify subtle document tampering and pick up on fraudulent patterns. Reports and real-time tasks from the manual re-verification team can be shared regularly to ensure transparency and prompt action.

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What are The Benefits of Dfraud?

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Jukshio's Dfraud solution offers significant benefits for businesses, including:

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Improved Fraud Detection: By combining AI-powered modules and manual re-verification, Dfraud enhances the ability to identify cases of fraudulence in customer onboarding data.

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Streamlined Database Consolidation: Dfraud consolidates the entire database, reclassifying data and providing easy access for businesses.

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Easy Blacklist Creation and Maintenance: The solution creates a blacklist of offenders, enabling businesses to incorporate it into their onboarding processes and effectively prevent future fraud attempts.

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In an era of evolving fraud methodologies and stringent regulatory requirements, organizations must employ advanced solutions to protect themselves from fraudulent activities. Jukshio's Dfraud offers a robust and comprehensive approach to combat fraudulence in customer onboarding. By leveraging cutting-edge technologies such as facial recognition, face liveness, and AI-based modules, combined with manual re-verification by a highly skilled and dedicated team, Dfraud empowers businesses to detect and prevent fraud attempts effectively. With Dfraud, organizations can ensure compliance, maintain operational efficiency, and safeguard their brand value in an ever-changing business landscape.

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