Case Study: Large Multinational Bank achieves 55% reduction in fraud losses and 25% higher detection with FICO Application Fraud Manager

Multinational bank prevents application fraud using a real-time, enterprise fraud approach

A large multinational bank suffered more than $15 million in losses from a rapid third‑party brute‑force application fraud attack and lacked core pre‑book identity‑fraud prevention capabilities. The bank launched an enterprise initiative to build a real‑time, cross‑product application fraud program that would stop attacks while preserving the digital customer experience.

The bank implemented FICO Application Fraud Manager — a modular platform combining machine‑learning fraud models, fuzzy matching, link analysis, hotlists and centralized strategy management integrated with origination systems. As a result, the bank projects a >25% lift in fraud detection without operational impact, a 55% reduction in third‑party fraud losses over five years, reduced synthetic and first‑party fraud, and stabilization of year‑over‑year fraud growth.