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SQN Banking Systems Announces New Partnerships to Expand Fraud Offerings - SQN Banking Systems

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SQN Banking Systems Partners With Q6 Cyber and RiskScout

SQN Banking Systems is strengthening its fraud prevention offerings through new partnerships with RiskScout, a leader in BSA/AML compliance solutions, and Q6 Cyber, an expert in monitoring cybercrime activity on the Dark Web. These collaborations are designed to bring community financial institutions the resources they need to stay ahead of both traditional fraud threats like check fraud and more advanced, emerging risks from the digital underground.

The Need for Stronger Fraud Prevention in Community Banks

Community banks and credit unions often face unique challenges in protecting themselves from financial crime. With smaller teams and limited in-house resources, these institutions can struggle to implement the same fraud prevention measures as larger banks. To address this, SQN Banking Systems is working with RiskScout to offer fully integrated fraud detection solutions that are easy to implement and highly effective.

Combating Fraud Across All Channels

At the core of SQN’s offering is SENTRY: FraudSuite, a powerful software suite that includes automated signature verification and real-time check fraud detection. This ensures that financial institutions can monitor for suspicious activity across all payment channels, protecting themselves and their customers from financial loss. Through this partnership, RiskScout’s clients will now have access to these advanced fraud detection tools as part of their broader BSA/AML strategy.

Cyber Threats on the Rise

Alongside traditional fraud, the rise of cybercrime presents new challenges for financial institutions. Q6 Cyber brings real-time monitoring of the Dark Web, Deep Web, and other cybercrime networks, allowing banks and credit unions to stay ahead of hackers and fraudsters. This round-the-clock vigilance helps institutions detect cyber threats before they cause serious harm, complementing SQN’s capabilities in preventing fraud on the ground.

together, SQN Banking Systems, RiskScout, and Q6 Cyber are committed to helping community financial institutions safeguard their operations and protect their customers from both traditional and emerging fraud threats. By leveraging this collective expertise, financial institutions can now access a robust suite of tools designed to detect, prevent, and mitigate financial crime.

“Our goal has always been to deliver fraud detection solutions that are both comprehensive and easy to implement,” said Jaslar. “By partnering with RiskScout and Q6 Cyber, we’re offering community financial institutions the tools they need to stay ahead of today’s evolving fraud landscape.”

For more information about SQN Banking Systems and its fraud detection solutions, visit www.sqnbankingsystems.com or contact us at info@sqnbankingsystems.com.

About RiskScout

RiskScout provides BSA/AML compliance solutions that help community financial institutions grow efficiently and manage risk. Their comprehensive platform automates compliance workflows, allowing banks and credit unions to unlock new revenue streams while ensuring regulatory compliance. Visit https://www.riskscout.com/ for more information.

About Q6 Cyber

Q6 Cyber monitors the Dark Web, Deep Web, and other cybercrime infrastructure, providing real-time insights that help financial institutions stay ahead of emerging cyber threats.

With these partnerships, SQN Banking Systems is better positioned than ever to support community financial institutions in their fight against financial crime. By offering a combination of fraud detection and cybersecurity solutions, banks and credit unions can protect their assets and customers, while focusing on what matters most—serving their communities. Visit https://www.q6cyber.com/ for more information.