With the modern fraud detection tools that always take a new form from the latest technology and developments, it has become very easy to detect the frauds that can be done in an increasing and unlimited variety. Fraud detection tools that fight many dangers such as identity theft, fraudulent money and check transactions, cyber-attacks, and stolen credit card transactions, which create a great business danger for the financial institution and economy that enter the virtual world, can monitor every move instantly and reveal the data flow in front of you and suspicious flows. Data Gear Anti-Fraud Solution warn you and stop the flow if you wish, by making use of the latest technological systems such as artificial intelligence and machine learning.

The banking sector, where money exchange is at the highest level and almost all workflows and transactions are based on money, is one of the most popular sectors for fraudsters. This situation reinforces the importance that banks should attach to fraud detection compared to all other sectors, and the sensitivity they should show in operational processes. Every bank that wants to provide good and quality service to its customers should first aim to give them confidence and be able to assure to them that their money is protected. Undoubtedly, this guarantee of trust is the biggest factor that straightens a bank's stance and makes it a strong brand. Banks must protect their users and be the future security of their money. For this very reason, fraud detection reveals a customer’s work unit for banks. Data Gear’s Fraud detection experts working together with modern technologies allows a bank to root for the future now. Fraud detection tools, which track tiny anomalies in financial transactions within the organization, protect organizations from external impacts and money losses thanks to their instant monitoring, while also aiming to make organizations more reliable and stronger. Especially with the increasing mobile banking systems, customers are now carrying out many banking transactions with digital tools. The fact that customers are so adaptable to digital banking systems makes it necessary for banks to adapt to current technologies as quickly as possible and to develop security measures in this context. With the increasing transaction volume, manual and real-time inspection of customer movements becomes almost impossible. At this point, the need for artificial intelligence technologies that can rapidly process big data and gain self-learning skills from this data to act faster than fraudsters are increasing. The development of mobile banking and many institutions and companies that provide virtual money flow are undoubtedly obliged to protect their customers from many threats today. The strongest form of this shield is fraud detection tools powered by artificial intelligence and machine learning. If the customer's information and movements, as well as the bank's information and workflow are protected by fraud detection programs, banking will be a profession that can be carried into the future. Artificial intelligence-powered fraud detection tools and technology-embracing risk experts are now banks' new and most powerful weapons in the war against fraudsters. Risk is always alive and transforming. For banks, catching up with the changing and rising risk is only possible with real-time fraud detection. In 2019, the loss of money due to fraud in the United States alone amounted to 439 million dollars. Today, it is estimated that this number has increased considerably as the shopping habits that have changed with Covid -19 have become more digital. According to FT data, credit card and identity fraud increased by 45% in 2020 compared to 2019, reaching 4.8 million. That's exactly $4.5 billion in fraudulent money loss