Fraud Practice

Global regulatory shifts are compelling financial organisations to prioritise fraud prevention more than ever, and rising fraud complexity highlights the critical role of operational teams as the first line of defence.

Plenitude’s Fraud Practice can help you navigate this ever-evolving landscape. Immediate action and long-term strategic planning are crucial to ensure your fraud risk management approach delivers operational resilience and effectiveness in order to minimise fraud losses and costs, while meeting regulatory expectations.

Our comprehensive suite of services addresses the full spectrum of internal and external fraud risks.

Fraud Independent Assessment

Assessment of existing strategies, rules, technology and operational processes to improve fraud detection rates, enhance the customer experience and reduce fraud losses. The independent assessment is vendor-agnostic allowing for a wider review of all technology and processes used.
Horizon Scanning and Threat Analysis

A service offering that anticipates potential risks (AI, etc.), conducting comprehensive threat assessments and advising clients on effective preventative measures to ensure they stay secure in an ever-changing technology landscape.
Fraud technology market evaluation

A detailed fraud technology market evaluation service, focusing on comprehensively analysing emerging technologies, market trends and competitive landscapes. Enabling clients to make informed decisions and strategically align their operational teams with best practice and cutting-edge solutions.
Fraud Education and Awareness Training

Advanced fraud training programmes for operational staff to enhance their understanding of fraud risks but also customer behaviour, enabling them to deal with complex scams and fraud threats.
Outsourced Fraud Teams

A dedicated service, offering tailored fraud teams, deployed to organisations to bolster fraud defences, enhancing their business security, reputation and trustworthiness within the marketplace.
Fraud Transformation

Fraud transformation support, including Fraud Strategy and Target Operating Model definition, and to implement recommendations from our Fraud Independent Assessment as well as wider transformation support.

Benefits and Outcomes Delivered

We understand that all firms’ business activity, customer base and risk appetite will differ. We therefore work closely with our clients to develop a deep understanding of their business and FCC framework in order to develop an effective, proportionate and risk-based approach to financial crime risk management.

Plenitude’s services and capabilities are grounded in our multi-jurisdictional expertise, our proprietary suite of tools and RegTech products, and our deep understanding of sector-specific regulatory obligations and needs. This enables us to deliver the following benefits and outcomes to our clients:

Market-leading advisory, transformation and technical expertise with tech-enabled delivery

Our full-service offering enables us to meet all of our clients’ needs. Our tech enabled delivery approach leverages our extensive suite of proprietary tools and RegTech products which enables us to accelerate delivery and reduce overall engagement costs.
Regulatory compliance and assurance

We enable clients to fully understand and meet their regulatory obligations, along with the ability to present robust documentation to demonstrate their conformance with regulatory requirements.
Enhanced efficiency, effectiveness and cost reduction

Our tech advisory, data analytics services and RegTech products enhance efficiency, optimise detection accuracy, streamline workflows and reduce false positives, leading to improved effectiveness and significant cost savings.
Access to cutting edge technology and future-proofed compliance

We enable our clients to stay ahead of evolving regulations and criminal tactics by optimising current systems and controls, deploying the latest AI-powered technology and data analytics services.
Compliance transformation

We partner with clients to transform their entire compliance function, fostering a culture of data-driven decision-making and continuous improvement.