Technical Business Analyst at a financial services firm with 10,001+ employees
Real User
2020-12-02T11:13:33Z
Dec 2, 2020
The solution is primarily used for the account opening fraud journeys in retail banking and it's for the client account side. The use case was for catching any account opening fraud as the client, a bank, was losing a large amount of money previously. They had been opening accounts and suffered from a lot of financial crime. The bank wanted to catch bad behavior from potentially shady customers. Specifically, the solution was used to catch the fraudulent behavior of all kinds.
Fraud Detection and Prevention solutions help businesses identify and mitigate fraudulent activities. They provide robust mechanisms to detect anomalies and prevent financial losses, safeguarding assets and reputation.Advanced technologies in Fraud Detection and Prevention leverage AI and machine learning to analyze vast datasets, spotting patterns indicative of fraud. These solutions utilize real-time analysis, evolving with new fraud tactics, reducing false positives, and enhancing...
The solution is primarily used for the account opening fraud journeys in retail banking and it's for the client account side. The use case was for catching any account opening fraud as the client, a bank, was losing a large amount of money previously. They had been opening accounts and suffered from a lot of financial crime. The bank wanted to catch bad behavior from potentially shady customers. Specifically, the solution was used to catch the fraudulent behavior of all kinds.