Alogent Launches Alogent Shield: Advanced Check Fraud Mitigation Suite of Capabilities Utilizing AI and Machine Learning to Reduce Losses Across All Deposit Channels
Alogent announced the launch of Alogent Shield, an advanced set of comprehensive features designed to tackle the rising threat of check fraud across all deposit channels. With two distinct offerings that seamlessly integrate into Alogent’s item processing suite of solutions, Alogent Shield and the enhanced Alogent Shield+, financial institutions can now leverage AI, machine learning, and computer vision technology to strengthen their risk mitigation strategies, while ensuring a seamless user experience across all in-branch and remote banking channels.
“Today’s financial institutions require an agile approach to combat check fraud effectively,” said Ashish Bhatia, Alogent VP Product Management. “With Alogent Shield, we empower banks and credit unions to stay one step ahead of fraudsters, safeguarding their assets and preserving the trust of their account holders.”
As fraudulent activities escalate, Alogent Shield and Alogent Shield+ offer comprehensive features that significantly reduce potential check fraud losses, while also enhancing overall transaction security.
Key features of Alogent Shield include:
- Omni-Channel Fraud Mitigation
- Real-Time Monitoring
- Account Holder Scoring Model
For institutions seeking enhanced protection, Alogent Shield+ integrates advanced artificial intelligence and computer vision capabilities that deliver unparalleled defenses against check fraud. By analyzing 24 document attributes in real-time and comparing new checks against existing profiles, Alogent Shield+ significantly reduces false positives and streamlines manual reviews.
Alogent Shield+ includes the following additional features:
- AI-Powered Fraud Detection
- Cloud-Hosted Consortium
- 24/7 Comprehensive Security Framework
Alogent Shield+ is powered by Mitek Check Fraud Defender
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