Intelligence center Case Studies

Financial Institution Fights Fraud Transactions in Real Time

A global financial institution—in business for over 100 years and operating in more than 200 countries—was losing millions of dollars to fraudulent transactions.
 
They—and their customers—were suffering from a handful of fraud attacks:

  • Their fraud prevention struggled with sophistication and scale of attacks.
  • Supervised machine learning fraud models couldn’t detect new attacks.
  • Many fraudulent transactions eluded detection.
Complimentary Resource
The Results
20%
increase in detection.
94%
detection accuracy.
0.9%
false positive rate.
$12m+
annual chargeback savings.
  • DataVisor boosted fraud detection using unsupervised machine learning to detect new and fast-evolving threats.
  • Early detection found fraudulent accounts before they could conduct transactions that would have resulted in financial loss.
  • DataVisor gave them stable, accurate, and failure-free fraud signals, with results returned within 10 milliseconds so they could act quickly.
  • By preventing good customers from being incorrectly rejected, overall customer experience improved substantially.

Top Financial Institution Uses DataVisor to Fight Fraudulent Transactions in Real Time background

About DataVisor

DataVisor is recognized as an industry leader and has been adopted by many Fortune 500 companies across the globe

DataVisor is the world’s leading fraud and risk management platform that enables organizations to respond to fast-evolving fraud attacks and mitigate risks as they happen in real time. Its comprehensive solution suite combines patented machine learning technology with native device intelligence and a powerful decision engine to provide protection for the entire customer lifecycle across industries and use cases.