Case Study
Published February 5, 2025
Banks Fraud Management Identity
A top bank struggled to efficiently stop evolving fraud attacks. Fraudsters incurred unnecessary expenses as they worked downstream in the bank’s onboarding flow, with some even beating the bank’s defense’s entirely. After implementing behavioral analytics, the bank was able to detect attacks 4x faster and stop sophisticated attacks that their other tools couldn’t.
Key Results:
- 4x faster fraud detection resulting in a 30% reduction in digital onboarding costs
- Effective detection of modern attack strategies that bypassed other fraud mitigation tools
- 40% of manually approved fraud cases identified as risky by NeuroID
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