Fraud and Compliance
Modern-day companies are exposed to numerous and diverse risks, stemming from various sources, both external as well as internal. Dealing with these risks demands experts working dedicatedly towards averting, investigating, and resolving them and complying with the required security standards. Upverse’s comprehensive fraud and compliance services precisely prove helpful here. Our expertise covers various areas, including fraud detection, investigation, resolution, controls, and compliance. Explore more about our fraud and compliance services.
Our Services
Fraud Detection
Bad actors usually follow a particular pattern while committing fraud or implementing an attack. While these patterns keep evolving, identifying them helps you detect them and keep potential frauds at bay. It refers to a proactive approach, enabling companies to avert frauds or attacks much before they surface. Accordingly, our fraud detection services include the following.
Our expertise includes the following:
- Identifying, analyzing, and identifying patterns
- Evaluating fraud triggers to identify potential frauds
- Eliminating false positives
- Fetching support insights from public data sources
- Identifying potential fraud cases
Fraud Investigation
Investigating a fraud helps you reach its root cause, track the fraudster, and understand how the entire mishap took place. Every case becomes a case study for the company, which when documented, can help it prevent such attacks. At Upverse, our expertise helps organizations investigate fraud systematically. Our comprehensive investigation support helps reach the root of every fraud, present observations, identify gaps, and recommend improvement measures. Here’s what we do at Upverse.
Our expertise includes the following:
- Collecting information from various sources
- Validate the information and confirm it
- Investigate frauds and conduct root cause analysis
- Document the outcomes to suggest corrective measures
- Ensure comprehensive and compliant reporting
Fraud Resolution
At Upverse, we help companies resolve fraud through a series of steps and actions aimed at mitigating the impact of the fraud. Our experts conduct thorough investigations to understand the nature and extent of the fraud, gather evidence, and document the investigation. Furthermore, we take necessary actions like freezing the account to prevent unauthorized transactions and monitor other accounts closely to safeguard them against fraud. These actions aim to resolve the existing fraud and prevent others by conducting a complete investigation with a conclusive closure.
Our expertise includes the following:
- Implementing internal action direction and tracking
- Identifying the root cause and preventing fraud
- Ensuring proper case closure and feedback loop
Controls and Compliance
Strict quality controls and systems are essential to maintain the expected quality levels and ensure customer satisfaction. However, setting up a control and compliance system demands specific expertise that helps establish quality controls based on a particular industry’s needs and compliance requirements.
Our expertise includes the following:
- Ensuring Compliance
- Identifying and Mitigating Risk
- Investigating Violations
- Keeping up with the regulations
Upverse does it with its control and compliance expertise. Our experts review your industry’s quality requirements and set quality controls across every stage. Additionally, we conduct periodic audits to review your quality control systems, identify weaknesses, suggest areas of improvement, and ensure accurate implementation.