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Risk Management System

Project overview

Risk Management System is a web app based on a single page application principle. The system is based on behavioral analysis that detects and blocks potentially fraudulent activity with payment cards, digital banking systems, and mobile wallets in real time. 

This is a server application that is installed in the client’s infrastructure and integrates with the necessary data sources for analysis (payment card authorization systems, the server part of digital banking, mobile wallet, as well as other systems) and after integration, it receives real-time data on any activity in the data source system (e.g. card transaction parameters, any user activity in the digital banking system or mobile wallet).

After receiving the data, the app analyzes it in real time and, if suspicious activity is observed, takes actions to prevent potential threats, such as rejecting authorization for card transactions or temporarily suspending certain digital banking functions. All this happens in real time, without preventing the customer from using your services.

Risk Management System Dashboard
Risk Management System Transaction List
Risk Management System Data Management

Client

The client is an international company specialized in banking software development, integration, and maintenance.

Industry

FinTech, banking software development.

Challenge

The challenge was to develop a tool that will allow users to customize forms and save custom settings. It is intended to solve the problem of bank and financial organizations’ losses due to fraud with digital services, such as digital banking, payment cards, and others.

Development process

The application is created using React.js in conjunction with Material-UI. 

As a result, it allows customers to view, edit, and add the necessary information. Various filters for data tables and searches were implemented. An opportunity to import data from CSV files has been added.

Result

Finally, we developed an app that provides customers with the following advantages:

  • reduces the number of losses from chargebacks and other financial fraud methods
  • protects financial companies from fraudulent activities without additional obstacles for users
  • improves the customer’s experience reducing unnecessary worries

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