CDQ Fraud Prevention

Ready to use fraud detection solution for safe and compliant business operations 

Whether within the European Union or beyond, your cross-border activities must meet legal requirements of tax authorities and the responsibility for accuracy of information lies on your shoulders. Real time qualified checks of your business partners names, addresses, and tax numbers by authority services reduce risks of financial and reputational damage and keep your business tax compliant with no additional manual work.
Image
Fraud_Prevention_webinar
LIVE webinar

CDQ Fraud Prevention: Combating fraud challenges with data collaboration

Join our 30-minute session on Tuesday 11 of October, 16 CEST and learn how the power of community intelligence can safeguard your business against continuously evolving fraud techniques. At CDQ we believe we are stronger together: tune in and find out, what makes CDQ Fraud Prevention a protective shield that is hard to tear down.

Register now

Prevent fraudulent invoices

CDQ Trust Score and community warnings

Fraudsters continuously develop their methods. Companies can only prevent fraud by staying on top of the game with ongoing improvement of fraud prevention.  

Payment fraud with falsified invoices is a serious threat for companies. Instead of error-prone manual verification of new or changed bank details, you can automate data maintenance by utilizing the strong sharing network of larger enterprises. CDQ Trust Score indicates reliability of a given bank account in real-time. In addition, the members of our community alert each other to new fraud attempts and bank data can be monitored accordingly.  

Fraud intelligence for early risk identification

Automated alert flow powered by collaboration

We leverage Data Sharing Community know-how to build an efficient process to prevent fraud. Use automated tools to increase security and design fraud 
prevention process​ that best matches your business situation. Bank accounts can be validated via web app or through direct system integration​ into your workflows. You can also individually configure trust score calculation to fit your risk threshold.

At a glance

Safeguard your company from insecure business partners on full fraud alert

  • Out-of-the-box fraud protection via web app or direct system integration  
  • Prevention of payment defaults with proactive insolvency warnings 
  • Geographical and political risk alerts for supply chain protection 
  • Real-time bank account verification  
  • Master data enrichment to reveal business partner data hierarchy  
  • Protection from unintentional use of personal identifiable information  
  • Direct access to continuously updated Fraud Case Database 
  • Community know-how from the CDQ Fraud Prevention working group 

Innovate with us and join our CDQ Fraud Prevention Working Group for a lively discussion about recent fraud cases and ways how to overcome those using best practice approaches. ​Let's discuss the future of fraud prevention. ​Please contact me if you have any remarks or questions! 

Frederik Jelden
Fraud Prevention Working Group Lead​ at CDQ

CDQ Fraud Prevention key capabilities

Non-compliance of trade embargoes and sanction lists can generate significant costs and reputational damage. ​Get automated alerts on companies, affiliates, or persons sanctioned or affected by embargoes.

Learn more about Sanctions & Watchlist 

Automate screening for critical accounts and get trusted bank account data with just one click. Instant verification via web app or direct system integration for real-time member companies of our Data Sharing Community.

Stay compliant no matter the number of your business partner records. Easily identify hidden personal data in your business partner master data and generate compliance report quickly.

Natural disasters, environmental events, uprisings, or military conflicts affect the respective region and the global markets and supply chains. Obtain proactive alerts about geographic or political risks  protect your company from potentially insecure business partners.

Receive notifications about a business partner’s current or impending insolvency. We proactively inform you about flagged insolvency cases during data maintenance.

Receive alerts when a fraud attempt with fake banking details is detected. The fraud case browser enables companies to share fraud cases internally across all systems.

Ready to protect your business from fraudsters?

See our experts showcase key product features and answer your questions.

Leading corporations already rely on our solutions