Case Study: Fibabanka detects over US$450,000 in fraud with GBG Predator

A leading bank in Turkey required a comprehensive and flexible transaction fraud detection solution

Fibabanka, a leading bank in Turkey serving corporate, commercial, SME, retail, agricultural and private banking customers, needed a comprehensive and flexible transaction fraud detection solution to protect customers and meet regulatory requirements. After evaluating the market, the bank selected GBG and its Predator solution to address transaction fraud across its digital and payment channels.

GBG implemented Predator to detect and prevent fraud by scoring incoming transactions against account history and flagging suspicious activity for Fibabanka’s fraud team. The solution helped reduce false positives with behavioral analytics, enabled the bank to create and customize rules without specialist IT resources, and automated risk actions to speed response times. Fibabanka reported detecting over US$450,000 of fraud in a single year.

Fibabanka