ProSight Financial Association Launches the ProSight Fraud Alert Network to Unite Financial Institutions Against Rising Fraud Threats

First-of-its-kind digital member community connects authenticated fraud professionals across the banking industry

CHICAGO--(BUSINESS WIRE)--ProSight Financial Association today announced the launch of a significant industry initiative, the ProSight Fraud Alert Network, a new digital community and knowledge network designed to help financial institutions and direct-to-consumer fintechs combat fraud more effectively, efficiently, and collaboratively. Designed for frontline and strategic fraud professionals in the banking industry, the network empowers members with tools and knowledge to more efficiently resolve fraud cases and help reduce financial losses within their firms and, ultimately, the industry. The ProSight Fraud Alert Network will be offered to ProSight institutional members complimentary for the first year.

Unlike static resource libraries, the ProSight Fraud Alert Network delivers a dynamic flow of fraud intelligence, tailored to the needs of fraud professionals. From curated research and timely alerts to peer-to-peer collaboration, it provides a trusted space to share critical intelligence. Its industry-specific design enables members to identify fraud schemes sooner and respond with greater speed and confidence.

“When BAI and RMA merged to form ProSight in 2024, we envisioned creating new ways to strengthen our industry through shared expertise and collaboration,” said Debbie Bianucci, President and CEO of ProSight Financial Association. “The ProSight Fraud Alert Network is an important step in delivering on that vision, providing members with a powerful tool to confront one of banking’s most urgent challenges.”

Key features of the ProSight Fraud Alert Network include:

• Authenticated Directory: Only authenticated fraud professionals from financial institutions and direct-to-consumer fintechs are admitted, creating a unique, trusted environment for collaboration.
• Timely Alerts: Members gain access to the latest fraud intelligence to respond quickly to emerging schemes.
• Industry Peer Collaboration: A dynamic community of fraud professionals across all financial institution types and sizes (banks, credit unions, and direct-to-consumer fintechs) fosters direct communication and coordinated responses.
• Robust Knowledge Library: Research, case updates, articles, webinars, educational resources, and best practices are curated by ProSight and the network members.

“For the first time, fraud professionals across institutions can digitally connect, share timely insights, and take coordinated action against threats that impact the entire industry,” said Jason Bartolacci, Director, ProSight Fraud Alert Network. “We all know that fraud schemes are only becoming more sophisticated, and these threats can’t be fought effectively in isolation. This network creates a trusted environment where fraud professionals know they are acting on timely and reliable intelligence.”

Learn more about the ProSight Fraud Alert Network here.

About ProSight Financial Association

ProSight Financial Association empowers financial services leaders to act with confidence to strengthen and advance the industry. ProSight was formed through the merger of BAI and RMA, both trusted organizations with rich histories and deep expertise in risk, compliance, fraud, retail, and commercial banking. ProSight supports leaders during times of great change, providing insights, tools, and analytics leading to new opportunities for growth. Our work creates positive ripple effects throughout organizations and the industry, ultimately helping consumers, businesses, and communities thrive.