Monitor Plus® as an Ally in Complying with the New CNBV Regulation in Mexico
Recently, the National Banking and Securities Commission (CNBV) in Mexico updated its provisions for credit institutions, strengthening financial security and transparency requirements in the banking system. This amendment requires institutions to adopt more robust security measures to protect users and guarantee the integrity of transactions.
In this context, at Plus TI we have Monitor Plus®, a key solution for financial institutions to comply with the new requirements of the CNBV. Our monitoring and analysis solution optimizes fraud prevention and response. Below are some of the main functions of Monitor Plus® in support of regulatory compliance and risk management.
Real-Time Monitoring and Detection: Monitor Plus® offers a complete transactional profile of the customer that incorporates their transactional habits, behavioral habits, extensive profiling of their devices and connection environment, allowing for the identification of suspicious patterns and unusual behavior, such as phishing attempts or user account theft, among others. This real-time monitoring not only detects fraud at an early stage, but also stops high-risk transactions automatically. By adapting to international regulations, Monitor Plus® strengthens the management and detection of suspicious transactions and optimizes financial security.
Multi-Layer Security and Multi-Factor Authentication: Monitor Plus® is a comprehensive, intelligent, multi-layered solution for fraud prevention and threat containment across multiple transactional channels, a wide range of internal and external fraud risks are covered, with accurate detection and low volume alerting, in addition, it incorporates multi-factor authentication, which is an effective way to provide enhanced security, The elements of multi-factor authentication include the use of a combination of challenges that in addition to one-time codes or keys (OTP), also incorporate multiple means of identity validation that can be based on the risk of the transaction, multi-factor authentication can be used to validate major changes, such as modification of the transaction amount.
Administration Console and Configuration Flexibility: The Monitor Plus® solution adapts to the needs of each financial institution through an administration console that allows for the design, creation and modification of anti-fraud controls. This provides autonomy in the management of business rules, facilitating fast and efficient adjustments that are applied immediately. In addition, the system works through an assembly of technologies where intensive use is made of Machine Learning models, the system also has flexible integration with the transactional systems of the institution, allowing customized configurations and adaptations that fit the characteristics of each client.
Monitor Plus® becomes a strategic ally for financial institutions in Mexico seeking to comply with the new CNBV resolution. By offering intelligent and advanced monitoring, multi-factor authentication, fraud management tools and a model adaptable to customer needs.
