Conduit is the only SaaS solution to pro-actively manage the risks associated with Wire Fraud.
Conduit’s streamlined, rules-based platform ensures every step is safely taken in the wire process.
1. Codified best practices & procedures
- Internal controls including: verification calls, contact validation, team review
- Built by CFOs and COOs
- Divide roles & responsibilities
- Online paper trail & checklists (confirmations & signatures)
2. Transparency, accountability, and repeatability
- Monitor in real time, online, anywhere
- Centralized, shared diligence checklist
- Recorded verbal confirmations
- Text alerts
3. Smart risk intelligence
- Cross reference routing & account numbers against “naughty & nice” list
- Scale processes to risk ($5K vs. $1M wire)
- Risk scoring by factors:
- New/Updated wiring instructions
- Holiday or Friday sends
- Unusual amounts
- Transaction amounts
Conduit protects assets from wire fraud through proven processes and our simple software platform.