Case Study: Locality Bank strengthens fraud prevention with Abrigo Fraud Detection

Locality Bank strengthens fraud detection across 4 payment channels with Abrigo

Locality Bank, a digital-first community bank, faced a complex and growing threat from fraud across multiple channels, including new accounts, checks, ACH, and wires. To strengthen its financial crime program and meet regulatory requirements, the bank turned to Abrigo and implemented its Abrigo Fraud Detection solution.

Abrigo provided an integrated fraud detection platform that automated monitoring across various payment channels. This solution improved operational efficiency by automating initial alert work and created a more unified approach to financial crime management by seamlessly integrating with the bank's existing BSA/AML processes. While still early in its implementation, Locality Bank has already seen benefits in loss prevention and process improvement without needing to add additional staff.

Locality Bank