CashEdge

Risk Management

Today, an estimated 71 million people in the U.S. currently use online banking and this number continues to grow (Gartner). As adoption of online banking, including online account opening and funding and online funds transfers, continues to rise, so, too, does the associated fraud risk. This translates into increased pressure on financial institutions to act and to improve risk management in the online channel.

While all financial transactions inherently contain some level of risk, for online transactions, that risk can be mitigated by creating the ability to identify, monitor, measure, and prevent the risk from translating into actual loss. Successful risk mitigation for online transactions begins with comprehensive identity verification and robust funding account ownership verification and continues with proactive, ongoing monitoring that focuses on critical points in the life cycle of an account and transaction.

CashEdge's risk management services, including identity and account verification services, enabled the successful gathering of more than $4.5 Billion in new assets for financial institution clients and processing of nearly $50 Billion in online funds transfers in 2008. CashEdge prevented more than $130 Million in client fraud losses in 2008 through its comprehensive risk management services.

CashEdge Risk Management Philosophy

CashEdge's risk management services are proactive, highly specialized and truly unparalleled. Providing financial institutions with greater control and security, CashEdge's risk management services are built on a sound and decidedly progressive approach to risk management.

• Integrated: CashEdge approaches risk management with an integrated approach, implementing enterprise-wide risk management solutions with senior level participation.
• Continuous: CashEdge's risk management solutions offer ongoing monitoring and evaluation.
• Focused on Trade-offs: CashEdge looks at risk management from a global view - considering all business risks and opportunities.