I am working on Transaction Monitoring and Fraud Risk, and I have experience using the Nice Actimize Fraud & Authentication Management tool alongside World-Check and Salesforce for this purpose.
During the use of the Fraud Monitoring feature, we have to utilize the features to identify issues, such as the SAR report and counterterrorism financing. We check if there is any counterterrorism financing and implement measures on money laundering, specifically if there is any import-export of money related to terrorism.
I have been working with the Nice Actimize Fraud & Authentication Management solution for monitoring transactions and banking tools. I am using the tool to check the banking transactions and determine if there are any spikes in transactions. Based on that, we have to fill the SAR report and check the transaction report on the tool.
Regarding the Cross-Channel Fraud Monitoring feature, Fraud Monitoring in Nice Actimize Fraud & Authentication Management is related to Transaction Monitoring. Fraud Monitoring checks if there is any fraud in particular accounts, such as business accounts or individual accounts, so it is totally dependent on Transaction Monitoring where both are related.