Excellence in Fraud Risk Management for Financial Institutions

A Roadmap to level up your fraud fighting activities

The financial ecosystem, which is continually renewing itself and expanding day by day, carries the burden of fraud risks which cannot be mitigated with conventional methods.
The battle against fraud is a challenge that requires extensive evaluation and diligent management given the impacts it causes.
With our Holistic Fraud Fighting Services, we support financial institutions in managing these risks by adopting a comprehensive approach.

Top 3 Fraud Types For Financial Institutions

PwC's Holistic Approach

"PwC Turkey Fraud Risk Management" Framework is a multidimensional approach used to identify potential fraud and compliance risks, likelihood of occurrence of the identified risks and their possible impact in order to help organizations to manage fraud risks in a more efficient and effective way. Nearly 50% of the fraud cases occurred due to lack of internal controls (29%) and override of the existing controls (20%).

Source: ACFE Report to Nations 2022.

Fraud Fighting Solutions

Our Organization-Wide Anti-Fraud Management Consultancy enables organizations to fight and respond to risks they encounter. We provide assurance to senior management by taking a closer look at an organization through the eyes of experienced professionals, advice to specialize in anti - fraud management, and a methodology to assess the effectiveness of risk management, and the effectiveness of controls.

This section is a quick win project to benchmark anti-fraud activities and to uncover main improvement areas such as roles and responsibilities, risk identification, a risk catalogue, and assessment methodology in order to achieve best-functioning fraud risk management.

Governance
Risk Assessment
Prevention
Detection
Monitoring & Reporting

This project covers a comprehensive and an end-to-end Fraud Prevention and Detection analysis specifically concentrating on Digital Channels.

Web
Mobile
Call Center
Card processes

Our Anti-Fraud Technologhy Services focus on digital activities such as tools that are used by 2nd and 3rd line to monitor controls/attacks, data analytics capabilities, rules/scenarios and more.

Data Analytics Capability Assessment
Rule and Scenario Review and Design
Digital Monitoring and Reporting

Program Design

AI-powered Fraud Detection
Data-Driven Fraud Detection

This section purely analyses organizations’ anti-fraud activities from a holistic perspective. It covers all 3 Lines activities including prevention, detection and investigation of both internal and external fraud.

Business Processes
Support Processes
Management Processes

Our Investigation Program and Talent Assessment Services include a broad review of incident triage, examination, investigation, case management and staff skill/competency assessment.