Case Study: Leading BNPL Solution Provider prevents $3M/month in coordinated loan application fraud with DataVisor

Unmasking Coordinated Loan Application Fraup for a Leading BNPL Solution Provider

Leading BNPL Solution Provider, a Buy Now, Pay Later platform, was targeted by a coordinated loan-application fraud ring that shared devices, addresses, SSNs and other personal data to submit high-frequency fraudulent loans during promotional and holiday spikes. To address this, the customer worked with DataVisor, deploying DataVisor’s UML (unsupervised machine learning) and Knowledge Graph capabilities to detect sophisticated, multi-dimensional coordination that traditional systems missed.

DataVisor’s UML analyzed correlated events in real time, clustering linked accounts (from fewer than 10 up to 10,000+ nodes) and the Knowledge Graph visualized the fraud network so investigators could halt approvals quickly. By using DataVisor, the Leading BNPL Solution Provider shut down the coordinated rings and prevented over $3M in potential monthly loan fraud losses, detecting emerging patterns without relying on historical labeled data.