Finovifi has taken a significant step in the fight against banking fraud. By acquiring Turner Software Technologies, Finovifi aims to revolutionize teller security for community banks. The launch of FrontLine Sentry marks a new era of real-time fraud prevention.
Finovifi Acquires Turner Software to Boost Fraud Defense
The acquisition of Turner Software Technologies by Finovifi brings more than 50 community bank clients into the Finovifi network. Turner’s Teller21 platform has helped banks streamline transaction processing and reduce errors. Now, it will be further enhanced under Finovifi’s umbrella.
Notably, Jerry Turner, Turner Software founder, will join Finovifi as Senior Vice President of Engineering. He will work closely with CTO Terry Ray to push product innovation. This development strengthens Finovifi’s mission to embed real-time fraud detection directly at the teller level.
FrontLine Sentry Brings Real-Time Protection to Tellers
The newly launched FrontLine Sentry is a real-time teller fraud prevention platform targeting community banks. Unlike traditional systems that catch fraud after transactions, FrontLine Sentry intervenes during the transaction process.
- Instant fraud risk analysis on scanned checks
- Early identification of suspicious items before transactions complete
- Reduction in back-office fraud investigations
- Strengthened compliance visibility at the point of transaction
With these features, FrontLine Sentry transforms the teller line into an active fraud defense hub.
Unified Fraud Prevention for Community Banks Explained
FrontLine Sentry doesn’t work alone. It forms a key part of Finovifi’s unified fraud and compliance ecosystem. This platform integrates with solutions such as FraudXchange, which monitors the dark web for stolen checks, and BSA Guardian, which automates AML monitoring and reporting.
- FraudXchange: Detects compromised payments before they’re used.
- BSA Guardian: Reduces manual work through automation of compliance tasks.
Together, these solutions deliver layered fraud protection at every stage of the banking process.
In summary, Finovifi is moving quickly to protect community banks against rising fraud threats. The Turner Software acquisition and the launch of FrontLine Sentry signal an advanced, integrated approach to real-time fraud defense. As fraudsters get more sophisticated, Finovifi’s solutions help ensure community banks stay a step ahead.
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