Bureau launches 'Money Mule Score' to combat rising identity theft in the BFSI sector
India, April 18 -- Bureau, a no-code fraud and identity decisioning platform, has introduced the 'Money Mule Score,' an advanced solution designed to empower financial institutions, NBFCs, and fintech firms in proactively identifying potential money mules during user onboarding. This innovative solution offers a comprehensive risk assessment beyond traditional KYC processes, safeguarding businesses and customers from fraudulent activities. As per NASDAQ's Global Financial Crime Report 2024, money mule activity ranks as a significant concern among anti-financial crime professionals, highlighting the urgency to address this threat. Traditional KYC-AML processes are proving inadequate against this dynamic threat landscape.
The Money Mule Sc...
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