New Open-Source Fraud Risk Management System in Development by Sybrin and Partners.

Open-source transactional monitoring system.

The cost of fighting fraud, money laundering, and terror financing is quite high, and the fees are usually passed on to consumers. To reduce costs and support financial inclusion, the parties involved have agreed to apply their skills and expertise into the creation of an open-source transactional monitoring system. This system will support Mojaloop, or any financial switch or payment system, in fighting fraud through the use of Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) measures.

While Sybrin ultimately leads this effort, they are joined by LexTego and the broader Mojaloop community in creating this open-source, state-of-the-art transaction monitoring solution.

FRM OSS PI 14 Demo.

Johan Foley presents a high-level overview of the architecture built, as well as a demo as presented on the solution during the Mojaloop Convening, watch the video for more.