Bank prevents application fraud with real-time approach

Using FICO® Application Fraud Manager, the bank projects significant benefits to prevent identity theft

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Case Study

Client: Large multinational bank Challenge: Without core technology capabilities to prevent identity-based fraud pre-book, the bank suffered over $15 million in losses due to a third-party brute force application fraud attack, all happening within a very short window of time. The bank developed a strategic initiative to build a best-in-class application fraud program at the enterprise level to prevent future attacks in real time and to reduce losses and the trajectory of year-over-year loss growth while streamlining the customer experience.

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