Top 5 Fraud Detection Tools in 2025

Introduction

Fraud has gradually increased over time, with new techniques being discovered regularly and in 2025, it is expected to increase. To prevent this, businesses need to implement fraud detection software which utilizes AI, Machine Learning, and real-time monitoring to detect and prevent fraudulent activities.

In this guide, we have compiled the best fraud detection tools, the main features, and factors to consider when selecting the best fraud detection tools for your business in 2025.

What is Fraud Detection?

Fraud detection is the process of detecting and protecting businesses from the deceptive acts of cybercriminals. This is done through various software, risk management tools, and hands-on oversight from fraud teams.

Payment card fraud - including both credit cards and debit cards - is forecast to grow by over 10 billion U.S. dollars between 2022 and 2028. Especially outside the United States, the amount of fraudulent payments almost doubled from 2014 to 2021. In total, fraudulent card payments reached 32 billion U.S. dollars in 2021. Card fraud losses across the world increased by more than 10 percent between 2020 and 2021, the largest increase since 2018 – Statista

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Features of Good Fraud Detection Tools

1. Real-Time Monitoring: This is the process of monitoring a transaction to detect strange activities.

2. AI Fraud Detection Software: The AI fraud detection software uses machine learning algorithms to detect anomalies during transactions.

3. Customizable Rule Sets: The rule-based fraud detection software is used to detect suspicious activities by making it possible for users to adjust the rules according to their business needs.

4. Multi-Channel Protection: Fraud detection tools offer protection from multiple sources including online transactions, advertising platforms, and mobile apps.

5. Reporting and Analytics: Fraud detection tools provide reports and analytics on abnormal patterns and trends.

Best Fraud Detection Tools in 2025

1. Greip's AI-Powered Services

Greip, unlike other fraud detection software is perfect for almost all businesses as it is more accurate, advanced and affordable. Some of its features are:

• Payment Fraud Analysis: Utilizes BIN checks and AI to detect and flag fraudulent payments.
• Card Issuer Verification: Detects fraud by verifying the details of card holders such as bank, brand, and country to prevent fraudulent transactions.
• IBAN Verification & Insights: Validates IBAN and provides information on the country and bank that issued the card thereby preventing manipulation of IBANs by fraudsters.
• Proxy & VPN Detection: Greip detects VPNs and proxies, preventing the use of hidden Internet Protocol Systems (IPS) that can result in unauthorized access and theft.
• Network Intelligence (ASN): Collect information on ASN, which is important in understanding network routing, IP address tracking, real-time fraud detection and improved security.
• Real-Time Monitoring: Greip detects fraud in real time, ensuring actions are taken quickly to prevent fraud.
• Custom Rules: Greip allows businesses to create and implement custom rules tailored to their specific needs, enabling more precise fraud detection and prevention.
• Blacklists: Businesses can maintain and manage blacklists of suspicious entities, IPs, or transactions, ensuring repeat offenders are automatically flagged or blocked.

2. Youverify

Youverify consists of several fraud detection tools created particularly for businesses. Some of its features are:

• AI-Powered Identity Verification: Verifies the identity of customers, reducing false accounts and ensuring payment safety.
• Liveness Detection: Confirms the presence of a real person during verification, thereby preventing the use of fake identities.
• Real-Time Fraud Detection Systems: Checks transactions while they are being performed to detect anomalies immediately.
• Robust Transaction Monitoring: Regularly reviews transaction patterns to detect potential fraud.

3. SEON

SEON offers the following:

• Fraud Scoring and Risk Analysis: Identifies potential threats and detects fraud using machine learning.
• Adaptability Across Sectors: Suitable for various organisations including e-commerce, banking, and fintech industries.

4. Kount

Kount utilizes Al technology to perform its activities and is commonly used by retail and e-commerce businesses. Some of the features are:

• Making Real-Time Decisions: Enables businesses to take decisions as soon as they observe potential fraudulent activities.
• Device Fingerprinting and Chargeback Prevention: Uses fingerprints to identify devices and reduce chargebacks resulting from illegal access and transactions.

5. ComplyAdvantage

With its main function being in Anti-Money Laundering (AML) compliance, ComplyAdvantage offers:

• Extensive Global Watchlist Database: Helps businesses cross-check international sanctions and watchlists to prevent going against these rules or performing risky transactions.
• API Integration: Makes it easy for businesses to integrate AML tools into the existing systems.

Importance of Fraud Detection Tools

Fraud detection is important to businesses for the following reasons:

1. Protection of Financial Assets

Fraud detection protects the financial assets of businesses by detecting potential fraudulent activities that can cause loss.

2. Maintaining Customer Trust:

Businesses can retain customer trust when they maintain an image of fraud-free and secure transactions.

3. Legal Compliance

Through fraud detection, businesses can avoid the penalties and fines connected with fraudulent transactions.

4. Maintaining a Safe Financial System

Through fraud detection systems, businesses can prevent financial crimes including money laundering and funding of terrorism.

Conclusion

To effectively prevent fraud, comply with regulations and retain customer trust, businesses need to select the right fraud detection tool. Through Greip, one of the best fraud detection tools, with many important features, businesses do not need to worry about loss or unauthorized access as they are completely safe.

References

Understanding the Impact of Credit Card Fraud on Businesses and Best Prevention Strategies

The Role of AI in Payment Fraud Prevention In E-Commerce

Top 10 AI Fraud Detection Solution providers