CCG Catalyst, a Phoenix, Ariz.-based bank consulting firm providing strategic guidance for financial organizations, has announced that the company is offering its Fraud Review services in which experts review existing processes and make recommendations on how best to modernize an organization’s fraud operations.
Employing a combined 100 years of extensive hands-on experience specifically in the fraud industry, CCG Catalyst’s fraud consultants conduct an initial health check to fully assess the efficiency of existing fraud prevention measures and identify areas for improvement in the technology, systems and/or processes in place to better combat potential fraud and risk. CCG Catalyst tailors each set of recommendations to the specific needs of the client, examining the broader aspects of the fraud process, how it interacts with other systems and its place within the organization.
CCG Catalyst continues to work with the financial institution’s internal fraud and risk team to review progress made since the health check and provide further support, guidance and assistance to the relevant employees to improve and tune the rules. They also provide advice on improving the management information system (MIS), reporting and query development and they re-examine the system performance and provide a report on it.
“During this time of great financial stress, fraud is a growing problem and many financial organizations are not fully aware of how serious the threat really is or even how capable they are at defending against it,” said Paul Schaus, president of CCG Catalyst. “CCG Catalyst’s fraud consultancy program arms financial institutions with guidance to ensure their fraud departments are delivering optimal fraud management, ongoing support to constantly tune their operations and the peace of mind knowing they are safe-guarded against the latest fraud schemes.”
For more information, visit www.ccg-catalyst.com.