FFIS Report: FNA contributes to new paper ‘A survey of collaborative analytics platforms to tackle fraud’.
FNA is proud to announce our contribution to and sponsorship of the latest research from the Future of Financial Intelligence Sharing (FFIS) research programme. The newly published paper, "A survey of collaborative analytics platforms to tackle fraud: Towards a network of networks," provides an unprecedented international comparative study of how public and private sectors are uniting to detect, prevent, and disrupt economic crime.
As financial fraud continues to escalate globally in both volume and sophistication, the need for robust, cross-sector information sharing has never been more urgent. We believe in the power of applied network analytics to safeguard financial systems, and we are thrilled to support this vital industry research.
Inside the report: a global perspective on fraud mitigation
This comprehensive survey serves as a reference resource, bringing together information on 37 different anti-fraud public-private partnership (PPP) and private-to-private (P2P) platforms from around the world. Designed to support fraud prevention leaders, policymakers, and the wider private-sector community, the paper explores:
Platform Profiles: A detailed look into the geographic scope, capabilities, membership, and institutional models of the surveyed platforms.
Data Practices: An analysis of the data structures underpinning these platforms, including the level of detail of shared data, types of operational data, approaches to interoperability and quality, analysis methods, and output dissemination.
Effectiveness Assessment: A review of how platforms measure success, examining performance metrics, reported results, and the methodological challenges involved in quantifying outcomes and impact.
Legal & Regulatory Frameworks: An overview of the diverse legal and regulatory foundations enabling information sharing.
Barriers to Collaboration: Insights into the perceived obstacles to effective cooperation, both domestically and internationally, noting current levels of engagement and recommendations for strengthening cross-border efforts.
The paper concludes by offering a strategic 'menu of options' for designing domestic fraud-risk information-sharing capabilities and issues a direct 'call to action' for the Financial Action Task Force (FATF) to build the policy framework necessary for cross-border cooperation.
FNA in action: powering the Malaysia PayNet National Fraud Portal
The report highlights the real-world impact of FNA's technology through our work powering the Malaysia PayNet National Fraud Portal (NFP).
The NFP leverages network-based AI models to detect potentially fraudulent or mule-linked accounts based on relationships and behavioural patterns that extend far beyond what individual institutions can observe in isolation. The platform's results from the period of April 1 to December 31, 2024, demonstrate the immense value of this collaborative, technology-driven approach:
167,000+ mule accounts and identities identified and actioned.
USD $7.6 million of victim funds earmarked for recovery.
28,000+ fraud money mule dispersals of stolen funds traced.
Incident Response Times Accelerated: The average turnaround time for incident response was reduced dramatically from weeks to just 4 hours.
Download the full report
As the global financial ecosystem faces the dual challenges of rapid real-time payments and increasingly sophisticated fraud syndicates, collaborative analytics platforms are no longer optional—they are essential.
Discover the full findings, explore the global landscape of anti-fraud initiatives, and learn how the industry can move towards a more secure, interconnected "network of networks".
