Fraud doesn’t stop at onboarding - far from it. In fact, the global economy loses over $5 trillion annually to financial crime, with much of it occurring after a customer account is created - during logins, profile updates, password resets, and high-risk transactions.
That’s why activity and transaction monitoring is critical. It protects your business at every step of the customer lifecycle, not just at the front door. Whether it’s detecting suspicious login patterns, intercepting credential stuffing or flagging unusual fund movements, FrankieOne ensures your risk controls extend beyond onboarding to safeguard against real-time fraud and financial crime.
AUSTRAC’s 2024 priorities put a spotlight on proactive, risk-based monitoring, emphasising the need for tailored rules to detect complex threats like terrorism financing, regular independent reviews of AML programs, and strict accountability even when compliance activities are outsourced.
If your ongoing AML controls are patchy or manual, you’re exposed - not just to crime, but to regulatory fines and hours lost to spreadsheet chaos.
Effective onboarding is just the start, ongoing monitoring is how you reduce risk at every step of the customer journey.
With FrankieOne, you can layer real-time checks and automated alerts throughout the entire customer lifecycle, helping you stay ahead of threats and compliance requirements as they arise. Here’s how it works in detail:
The first line of defence is knowing who is accessing your system and how. FrankieOne uses device intelligence and behavioural biometrics to spot logins from new devices, unusual session patterns, or signs of remote access. and prevent login if required of flag this behavior for your compliance team to review
How this helps: Identify account takeovers before they cause harm to your customers
Customer risk profiles aren’t static. FrankieOne’s monitoring tracks every change: account updates, transaction spikes, payment to new beneficiaries or behaviour that doesn’t fit the pattern. Key risk events, like a high-value withdrawal or a sudden change in transfer behaviour, automatically trigger additional checks, such as ID verification or manual review.
How this helps:
3. Step-Up Verification: Re-KYC at the Point of Transaction
FrankieOne makes it easy to trigger additional identity verification (IDV) or liveness checks right at the moment of a high-risk transaction or payment. Whether it’s requesting a fresh picture of an ID, a selfie, or a liveness check, you can close the loop with robust, up-to-date identity assurance.
How this helps:
With Tranche 2 regulations on the horizon, this pressure for continuous monitoring is only increasing. Businesses across sectors, not just traditional financial services, will soon be required to meet even tougher AML and counter-terrorism obligations, making robust ongoing monitoring and adaptive controls absolutely essential.
With FrankieOne, KYC/AML, activity screening, and transaction monitoring are brought together in one connected ecosystem. You can easily tailor your compliance workflows as regulations change, empowering your team with real-time detection, effortless compliance, and peace of mind at every stage of the customer journey.
About Tranche 2 and it means for your business ->
Why Settle for “Good Enough”?
Most solutions still rely on passive monitoring and fragmented systems. FrankieOne is different. We’re the only platform that centralises fraud and AML controls, dynamic real-time risk scoring, and instant, transparent case management in one place. This unified approach allows your team to respond quickly and confidently, without juggling multiple tools or losing sight of the bigger picture.
No more patchwork solutions - just complete visibility and the confidence to deliver secure, compliant, and seamless experiences at every step.
Want to see how FrankieOne can enhance your fraud and AML workflows?
Book a demo below or explore more insights on the FrankieOne Fraud Blog.