Centralized Check Fraud Prevention for Banks and Credit Unions: Reduce Consoles, Boost Efficiency

Check fraud remains one of the most persistent and costly threats to financial institutions, with billions lost annually and millions of account holders affected. From altered checks and account takeovers to sophisticated scams like check washing and kiting, the fraud landscape is constantly evolving—and so must your fraud prevention strategy.

Yet as fraud tactics grow more complex, many banks and credit unions are burdened with an equally complex web of fraud mitigation tools for every deposit channel. Each solution comes with its own console, login credentials, workflows, and decision-making processes. The result? A fragmented back-office, redundant manual tasks, and a lack of centralized data and actionable insights.

Ask yourself: Are your fraud analysts and operations teams able to review and decision items without switching between multiple portals? Is there any convergence of data or consistency in the actions taken across these platforms?

If the answer is no, it’s time to rethink your approach.

Alogent’s Fraud Mitigation Solution: One Console, All Deposit Channels, Smarter Decisions

Alogent solves this challenge by delivering a centralized fraud mitigation solution purpose-built for banks and credit unions. With Alogent Shield and Alogent Shield+, institutions can consolidate their fraud prevention efforts into a single, unified console. This reduces the number of systems your back-office staff must access, streamlines workflows, and eliminates siloes. 

• Powered by AI and real-time image analytics, Alogent’s solution enables:
• Real-time risk scoring across all deposit channels
• Access to a consortium of check profiles and financial institution data
• Automated alerts and performance dashboards
• Faster, smarter fraud decisioning

The Benefits of Centralized Check Fraud Prevention

By consolidating fraud mitigation tools, financial institutions unlock hyper-efficiency: a state where routine tasks are automated, manual processes are minimized, and data is transformed into decisions. Alogent’s centralized capabilities break down operational siloes and empower cross-functional teams to collaborate more effectively, improving fraud detection and streamlining back-office operations.

In today’s fast-paced financial environment, fraud never sleeps, and your systems shouldn’t either—but they should work smarter, not harder.

Ready to reduce fraud and increase efficiency? Discover how Alogent can transform your back-office.

How does your check fraud strategy measure up? Download this checklist

Learn more in this eBook: Check Fraud Mitigation

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* Alogent Shield+ is powered by Mitek Check Fraud Defender