Fraud Management & Monitoring Platform

MMBL, as Sri Lanka’s foremost representative for Western Union, RIA, and MoneyGram, faced a pressing need for enhanced transaction oversight and security. However, during our consultation, we identified a larger challenge: fragmented systems were creating operational inefficiencies and exposing vulnerabilities to fraud and compliance risks.

BUOST approached this with a consultancy-driven methodology. We assessed their current processes and developed a unified system that consolidated all transactions across their platforms into a single, seamless framework. In addition to integrating operations, we proposed and implemented an AI-powered fraud and terrorist alert prediction system capable of real-time cross-checking of transactions.

This tailored solution not only addressed MMBL’s immediate requirements but also introduced a predictive, data-driven approval chain for high-risk transactions. The result was a robust platform that streamlined workflows, minimized risk, and enhanced trust among stakeholders.