Four new Fortiro features to fight fraud in 2024

As fraudsters grow increasingly sophisticated, staying one step ahead demands innovative solutions.?

You might have heard a bit about Fortiro in the news recently. The surge of Fortiro's visibility in news outlets such as ABC and News.com.au, coupled with a burgeoning presence across various social media platforms, signifies a crucial response to an alarming trend: the exponential rise and escalating complexity of document fraud.?

Fortiro is a frontrunner in fraud prevention, unveiling a suite of advanced features designed to fortify defenses against the rising tide of fraudulent activities in 2024.

With a commitment to ensuring the safety and security of businesses and their clientele, we have introduced four game-changing features poised to revolutionise the fight against fraud:

1. Font Detection and Layer Analysis?

At the forefront of Fortiro's arsenal is the introduction of Font Detection and Layer Analysis, integrated into our cutting-edge product, Protect Investigator.?

This pioneering technology operates as a forensic tool, scrutinising document authenticity by examining digital documents in fine detail to check if they're genuine. By detecting anomalies in fonts, locations and scrutinising layers within documents, spotting any signs of fakes or changes with incredibly high accuracy, discerning potential forgeries or alterations with unparalleled precision.

2. AI-powered Digital Anomaly Detection (DAD)?

Fortiro's Protect platform now boasts an AI-driven Digital Anomaly Detection (DAD) system, leveraging the prowess of machine learning.?

This capability equips Protect with the ability to autonomously identify aberrations and irregular patterns in documents, by comparing them with thousands of documents from similar sources. By continuously learning from data patterns, Protect identifies anomalous and strange attributes, fortifying defenses against emerging fraud tactics.

3. Enhanced Fraud Indicators for Tax Documents

Recognising the imperative role tax documents (Notice of Assessments, Business Activity Statements, Tax Returns and Income Statements) play in verification and fraud prevention, Fortiro has implemented enhanced fraud indicators dedicated to detecting anomalies within tax-related paperwork.?

This proactive approach sharpens the focus on identifying fraudulent documents, thereby curbing potential exploitation and minimising risks associated with falsified tax documents.

4. Expansion of Document Types for Self-Employed Borrowers

Acknowledging the unique challenges surrounding self-employed individuals seeking financial assistance, Fortiro has broadened its repertoire by incorporating additional document types catered specifically to this demographic.?

By accommodating a wider array of documentation, Fortiro aims to streamline verification processes while maintaining stringent anti-fraud measures, empowering self-employed borrowers to access financial support securely.

Fortiro's unwavering dedication to innovation and security stands as a beacon of assurance for businesses and individuals.?

With these ground breaking features spearheading the charge against fraud in 2024, Fortiro reaffirms its commitment to staying at the vanguard of safeguarding against the ever-shifting threat landscape.

Stay informed, stay protected, and stay ahead with Fortiro's unparalleled fraud prevention solutions.