Account Takeover

Similar to identity theft, this type of fraud happens when an unauthorized individual gain access through online banking applications, capturing the account information to create and write bad checks.

Account-Centric ECM Software

Account-centric enterprise content management solutions allow users to access account holder information based on their account numbers.

Adverse Action

An adverse action notice is a document sent to a loan applicant stating a bank’s rationale for denying a loan. It may also contain a counteroffer, such as a lesser amount or a request for an approved co-borrower.

Aging Exceptions

The term “aging exceptions” refers to a group of critical exceptions that have not been resolved within a reasonable amount of time.

Altered Checks

Altered check fraud occurs when a fraudster changes the amounts and Payee from a stolen check.

API

API is short for “application programming interface.” Technology companies like Alogent rely on APIs to connect multiple software applications, thereby enabling a two-way exchange of information to support users’ needs.

Audit & Exam Prep

Audit and exam prep is a process that financial institutions go through in order to adequately prepare for upcoming audits and exams.

Authorized Signer Form

An authorized signer form is a document that allows an account holder to grant a range of clearance levels to individuals to perform certain functions within a bank account.

Document-Centric ECM Software

Document-centric enterprise content management solutions store content and make it accessible specific to the document category. Loan documents (for example, HELOCs and auto loans), credit documents, and other collateral are siloed and grouped by type. Bank and credit union employees can search by collateral type and retrieve all account holder information relative to that collateral (i.e., all customers with an auto loan at your financial institution will be revealed in the search results, leaving users to continue searching for the account holder they’re seeking information on). 

Learn more about Alogent’s ECM solution suite and its person-centric approach

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Alogent Shield+ Datasheet

Check fraud poses a significant challenge for financial institutions, leading to substantial costs and risks for account holders. As fraud tactics continue to evolve, banks and credit unions must be proactive in protecting their assets and maintaining account...
Read More »

Alogent Shield Datasheet

As check fraud becomes increasingly complex and costly for financial institutions, finding a universal solution is more challenging than ever. With rising threats across all deposit channels, no institution is safe—just one successful attack can lead to...
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