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What is a transactional risk analysis (TRA)?

trans - ac - tion - al risk an - a - lysis (TRA)
noun

Transactional risk analysis (TRA) is a process used to evaluate the possible dangers linked with financial transactions. By examining elements like transaction history, behavior patterns and irregularities, TRA aims to uncover any signs of fraud or suspicious actions. This evaluation is crucial for businesses and financial institutions to recognize and control risks, ensuring that transactions are secure and reliable. TRA is a key tool in upholding the credibility of payment systems and shielding individuals and businesses from unauthorized or harmful transactions.