Case Study: Multinational Financial Institution prevents $500,000+ in fraud with LexisNexis Risk Solutions' TrueID All‑In‑One Scanner

Multinational Financial Institution Stops Fraud Worth More Than $500,000 via LexisNexis® TrueID® All-In-One Scanner

A multinational financial institution in North America faced growing in-branch account fraud as sophisticated counterfeit IDs were used to open accounts and initiate high-value transactions like wire transfers and title fraud. Manual visual inspection by customer service staff was unreliable against high-quality fakes, creating customer-protection and financial-loss risks.

The bank deployed LexisNexis TrueID All‑In‑One Scanners in hundreds of branches—standalone devices that run dozens of forensic tests across thousands of global ID types and integrate with LexisNexis risk tools. The scanners blocked a more than $500,000 title-fraud attempt, reduced the number of fraudulent IDs presented, and gave branch staff greater confidence and consistency in document authentication.