Why an independent audit matters
Internal fraud risk assessments and vendor-supplied gap analyses have a fundamental limitation: they are conducted by parties with interests in the outcome. Your internal team may lack the external threat intelligence to know what they are not seeing. Your fraud vendor will not tell you their product has gaps. An independent audit by a senior practitioner with no stake in the outcome gives you an honest picture.
This service provides exactly that — a rigorous, independent assessment of your fraud control environment against the current threat landscape, regulatory requirements, and industry best practice, delivered by a practitioner who has built and audited such environments across 40+ institutions.
Control environment mapping
Comprehensive documentation of all existing fraud controls — detection, prevention, response, and governance.
Gap analysis
Assessment of controls against current fraud typologies, attack vectors, and regulatory requirements to identify specific gaps.
Exposure quantification
Financial modelling of fraud exposure by type and channel — translating control gaps into potential loss estimates.
Benchmarking
Comparison of your controls and loss rates against sector peers and best-in-class institutions.
Remediation roadmap
Prioritised action plan with clear timelines, owners, and success metrics — ready to present to the board.
Regulatory readiness
Assessment against PSD3, EBA APP guidelines, DORA, and supervisory expectations — ahead of regulatory review.
Audit scope options
Full control environment audit
Comprehensive review of all fraud controls across all channels and fraud types. Typically 4–8 weeks. Recommended for institutions undergoing platform transformation or facing regulatory scrutiny.
Targeted channel audit
Deep-dive into a specific channel or fraud type — digital banking, payments, KYC/onboarding, or APP fraud. Typically 2–4 weeks. Recommended for institutions with a specific loss or compliance concern.
Regulatory readiness review
Focused assessment of alignment with specific regulatory requirements — EBA APP liability guidelines, DORA operational resilience, or Banco de España supervisory expectations. Typically 2–3 weeks.
"Their ability to translate intricate risk landscapes into clear, actionable strategies for both technical teams and the board was invaluable."
— VP Risk, European Fintech
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Know your gaps before regulators do.
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