# Design, implement, or maintain fraud detection tools or procedures.

*/Tasks/Design,_implement,_or_maintain_fraud_detection_tools_or_procedures.*

Design, implement, or maintain fraud detection tools or procedures.

## Boundary Of Firm

**Outsourced To**:
- [Fraud Detection Service Provider](/CompanyTypes/Fraud_Detection_Service_Provider)
- [Risk Analytics Firm](/CompanyTypes/Risk_Analytics_Firm)
**Automatability**: augmented
**Routing Summary**:
- Designing and maintaining fraud detection tools and procedures is kept in-house with fraud analysts and examiners who tune the rules and models to the firm's risk.
- Transaction risk scoring and anomaly flagging are automated by fraud detection platforms and monitoring systems, with analysts supervising thresholds and investigating alerts.
- Detection-as-a-service or model development is frequently bought from a fraud detection service provider or risk analytics firm.
**Delivered By Role**:
- [Fraud Analyst](/Tasks/Design,_implement,_or_maintain_fraud_detection_tools_or_procedures./JobTypes/Fraud_Analyst)
- [Certified Fraud Examiner](/Tasks/Design,_implement,_or_maintain_fraud_detection_tools_or_procedures./JobTypes/Certified_Fraud_Examiner)
- [Risk Analyst](/Tasks/Design,_implement,_or_maintain_fraud_detection_tools_or_procedures./JobTypes/Risk_Analyst)
**Asset Specificity**: specific
**Automated By Action**:
- [Score Transaction Risk](/Action/Score_Transaction_Risk)
- [Flag Anomalous Activity](/Action/Flag_Anomalous_Activity)
**Automated By Software**:
- [Fraud Detection Platform](/Software/Fraud_Detection_Platform)
- [Transaction Monitoring System](/Software/Transaction_Monitoring_System)
**Delivered By Department**:
- [Fraud Risk Management](/Tasks/Design,_implement,_or_maintain_fraud_detection_tools_or_procedures./Departments/Fraud_Risk_Management)
- [Financial Crime Compliance](/Tasks/Design,_implement,_or_maintain_fraud_detection_tools_or_procedures./Departments/Financial_Crime_Compliance)

## Neighborhood

### Parent

- [Develop business or financial information systems.](/Activities/Develop_business_or_financial_information_systems.) — parent · Activities

### Siblings

- [Implement security practices to preserve assets, minimize liabilities, or ensure customer privacy, u...](/Tasks/Implement_security_practices_to_preserve_assets,_minimize_liabilities,_or_ensure_customer_privacy,_u...) — siblings · Tasks
- [Develop or maintain payment systems to ensure accuracy of vendor payments.](/Tasks/Develop_or_maintain_payment_systems_to_ensure_accuracy_of_vendor_payments.) — siblings · Tasks
- [Develop or maintain freight rate databases for use by supply chain departments to determine the most...](/Tasks/Develop_or_maintain_freight_rate_databases_for_use_by_supply_chain_departments_to_determine_the_most...) — siblings · Tasks
- [Design or implement products and services to mitigate risk or facilitate use of technology-based too...](/Tasks/Design_or_implement_products_and_services_to_mitigate_risk_or_facilitate_use_of_technology-based_too...) — siblings · Tasks
- [Collaborate in the development or testing of new analytical software to ensure compliance with user ...](/Tasks/Collaborate_in_the_development_or_testing_of_new_analytical_software_to_ensure_compliance_with_user_...) — siblings · Tasks
- [Research or develop analytical tools to address issues such as portfolio construction or optimizatio...](/Tasks/Research_or_develop_analytical_tools_to_address_issues_such_as_portfolio_construction_or_optimizatio...) — siblings · Tasks
- [Develop logistic metrics, internal analysis tools, or key performance indicators for business units.](/Tasks/Develop_logistic_metrics,_internal_analysis_tools,_or_key_performance_indicators_for_business_units.) — siblings · Tasks
- [Develop, implement, modify, and document recordkeeping and accounting systems, making use of current...](/Tasks/Develop,_implement,_modify,_and_document_recordkeeping_and_accounting_systems,_making_use_of_current...) — siblings · Tasks
- [Establish uniform and equitable systems for assessing all classes and kinds of property.](/Tasks/Establish_uniform_and_equitable_systems_for_assessing_all_classes_and_kinds_of_property.) — siblings · Tasks
- [Contribute to development of risk management systems.](/Tasks/Contribute_to_development_of_risk_management_systems.) — siblings · Tasks
- [Devise systems or processes to monitor validity of risk assessments.](/Tasks/Devise_systems_or_processes_to_monitor_validity_of_risk_assessments.) — siblings · Tasks
- [Develop and implement records management program for filing, protection, and retrieval of records, a...](/Tasks/Develop_and_implement_records_management_program_for_filing,_protection,_and_retrieval_of_records,_a...) — siblings · Tasks
- [Set up cost monitoring and reporting systems and procedures.](/Tasks/Set_up_cost_monitoring_and_reporting_systems_and_procedures.) — siblings · Tasks
- [Develop and implement technical project management tools, such as plans, schedules, and responsibili...](/Tasks/Develop_and_implement_technical_project_management_tools,_such_as_plans,_schedules,_and_responsibili...) — siblings · Tasks
- [Configure and test business systems](/Tasks/Configure_and_test_business_systems) — siblings · Tasks
- [Fraud Control Framework Design](/Tasks/Fraud_Control_Framework_Design) — siblings · Tasks
- [Sponsor information systems and digitization initiatives](/Tasks/Sponsor_information_systems_and_digitization_initiatives) — siblings · Tasks

### Who does this

- [Financial Specialists, All Other](/Occupations/Financial_Specialists,_All_Other) — performs · Occupations

### Problems this exposes

- [explainability for declined transactions under fair-lending scrutiny](/Problems/explainability_for_declined_transactions_under_fair-lending_scrutiny) — exposes problem · Problems
- [model drift as fraudsters adapt to detection patterns](/Problems/model_drift_as_fraudsters_adapt_to_detection_patterns) — exposes problem · Problems
- [label latency — confirmed-fraud feedback arrives weeks after the transaction](/Problems/label_latency_—_confirmed-fraud_feedback_arrives_weeks_after_the_transaction) — exposes problem · Problems
- [fraud-rule false positives blocking legitimate customers](/Problems/fraud-rule_false_positives_blocking_legitimate_customers) — exposes problem · Problems

### Automated by

- [Transaction Monitoring System](/Software/Transaction_Monitoring_System) — automated by · Software
- [Fraud Detection Platform](/Software/Fraud_Detection_Platform) — automated by · Software
- [Flag Anomalous Activity](/Action/Flag_Anomalous_Activity) — automated by · Action
- [Score Transaction Risk](/Action/Score_Transaction_Risk) — automated by · Action

### Outsourced to

- [Risk Analytics Firm](/CompanyTypes/Risk_Analytics_Firm) — outsourced to · CompanyTypes
- [Fraud Detection Service Provider](/CompanyTypes/Fraud_Detection_Service_Provider) — outsourced to · CompanyTypes

### Delivered by

- [Risk Analyst](/JobTypes/Risk_Analyst) — delivered by · JobTypes
- [Certified Fraud Examiner](/JobTypes/Certified_Fraud_Examiner) — delivered by · JobTypes
- [Fraud Analyst](/JobTypes/Fraud_Analyst) — delivered by · JobTypes
- [Financial Crime Compliance](/Departments/Financial_Crime_Compliance) — delivered by · Departments
- [Fraud Risk Management](/Departments/Fraud_Risk_Management) — delivered by · Departments