Case Study: MONEYME detects a $100,000 fraud attempt with Fortiro Protect

How MONEYME Detected a $100,000 Fraud Attempt with Fortiro in Just One Week

MONEYME, an ASX-listed digital lender, faced the challenge of maintaining its rapid 60-minute loan approval process while reducing the high fraud risk associated with accepting document-based income verification, such as payslips. They needed a solution that would allow them to offer customers this preferred option without compromising their risk appetite or their speed, a key driver of their growth.

To address this, MONEYME implemented Fortiro Protect. The solution provided over 100 automated fraud checks in under 30 seconds, seamlessly integrating into their workflow. The measurable impact was significant; within just one week, Fortiro identified a fraudulent application that prevented a potential loss of over $100,000. This has since been followed by the detection of several other fraudulent attempts, protecting hundreds of thousands of dollars and giving MONEYME the confidence to scale its operations securely.

MONEYME

Callan Manickum

Operations Manager