Case Study: Credit Bank achieves stronger fraud prevention and loss reduction with Kount

Credit Bank Uses Kount to Detect Fake Identities and Prevent Loss

Credit Bank, a U.S. bank and major consumer credit card issuer, was facing a growing problem with unrecoverable charges as fraudsters used synthetic identities to open accounts, max out balances, and never repay. Credit Bank needed a way to detect and stop these fake identities before they could cause more losses, and turned to Kount for help.

Kount provided a synthetic identity detection solution that helped Credit Bank identify and block fraudulent accounts. The result was “unparalleled success” stopping costly accounts and preventing loss, reducing the bank’s exposure to write-offs from synthetic identity fraud.

Credit Bank