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Fraud Analyzer Bolsters Help to CO-OP Shared Branch Network

CO-OP announces the development of a comprehensive, data-driven machine learning platform for credit unions.

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Machine learning (Image: Shutterstock).

CO-OP Financial Services bolstered its fraud prevention capabilities with a tool that recognizes suspicious transactions throughout the network, allowing issuer credit unions to analyze activity and verify it with the member.

Rancho Cucamonga, Calif.-based CO-OP’s new COOPER Fraud Analyzer, which is accessible as part of its Shared Branch services, utilizes rules, decisioning and reporting to identify suspicious transactions. For each item, COOPER “learns” the transaction details fed into the database, adding another layer of intelligence to the system. It is accessible as part of CO-OP’s Shared Branch services.

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Roy Urrico

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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