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RiskScout Expands Security Offering with New Fraud Detection Partnerships

AUSTIN, TX – October 7, 2024 – RiskScout, a leading provider of BSA/AML solutions for community financial institutions, is excited to announce new partnerships with Q6 Cyber and SQN Banking Systems to enhance its fraud security offerings. These strategic alliances will provide community banks and credit unions with a comprehensive network of trusted partners to protect against both BSA/AML threats and various types of fraud, including check fraud and dark web activity.


Community banks and credit unions face unique challenges in combating financial crime, often lacking the resources to implement the robust fraud detection systems of larger banks. To address these challenges, RiskScout has joined forces with Q6 Cyber and SQN Banking Systems, two industry leaders in fraud prevention and cybersecurity.


Q6 Cyber offers unparalleled monitoring of the Digital Underground, including the Dark Web, Deep Web, malware networks, botnets, and other cybercrime infrastructure. Their 24x7 coverage ensures that community financial institutions can stay ahead of hackers, fraudsters, and cybercriminals by tracking their activities in real-time. "By partnering with Q6 Cyber, we are equipping our clients with the tools to detect and mitigate cyber threats before they impact their operations," said Justin Fischer, CEO & Co-Founder of RiskScout. "This proactive approach is essential in today's rapidly evolving digital landscape."


SQN Banking Systems provides comprehensive fraud detection software products designed to combat fraud across various payment channels. Their automated signature verification software offers real-time check fraud detection, while their hosted solutions deliver industry-leading fraud prevention without the need for extensive in-house resources. "Our collaboration with SQN Banking Systems allows us to offer integrated fraud detection solutions that are both effective and easy to implement," Fischer added. "This partnership helps our clients save time, money, and server space while ensuring their customers' banking information is secure."


Through these partnerships, RiskScout is committed to helping community financial institutions protect themselves and their communities from the growing threat of financial crime. By leveraging the expertise and technology of Q6 Cyber and SQN Banking Systems, RiskScout clients can now access a robust suite of security solutions designed to address both traditional and emerging fraud threats.


"Our goal has always been to provide comprehensive, user-friendly solutions that empower community banks and credit unions to focus on serving their communities," said Fischer. "With the addition of these new fraud detection capabilities, we are taking a significant step forward in fulfilling that mission."

For more information about RiskScout's enhanced security offerings and its new partnerships with Q6 Cyber and SQN Banking Systems, please visit www.riskscout.com or contact us at info@riskscout.com.


About RiskScout 

RiskScout is a team of former bank examiners, BSA professionals, and fintech developers helping financial institutions grow and be more efficient and profitable. Through a full BSA/AML suite and specialized market tools, RiskScout's solutions increase revenue and decrease compliance costs by unlocking new deposit streams and automating compliance workflows.


About Q6 Cyber 

Q6 Cyber monitors the Digital Underground, including the Dark Web, Deep Web, malware networks, botnets, and other cybercrime infrastructure. Their 24x7 coverage helps financial institutions stay ahead of malicious schemes by tracking cybercriminal activities in real-time.


About SQN Banking Systems 

SQN Banking Systems offers fraud detection software products to combat fraud across various payment channels. Their automated signature verification software and hosted solutions provide real-time check fraud detection and industry-leading fraud prevention, helping financial institutions protect their customers' banking information.

 

Want to see if these innovative solutions can help your institution? Let us know and we'll set up a personalized demonstration!


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