Royal Bank of Canada - Customer Case Study

The Royal Bank of Canada (RBC) is the largest bank in Canada and uses NetOwl EntityMatcher as a critical part of its fraud detection and prevention efforts. Using NetOwl software, RBC screens potential new customers every day against a large set of individuals that have perpetrated fraud against RBC and other organizations in the past. Additionally, whenever the “negative” data is is updated, the entire records are re-screened. NetOwl quickly and accurately matches those newly identified perpetrators of fraud against millions of records. RBC chose award-winning NetOwl over an existing product because of NetOwl’s high accuracy and speed needed to handle this large scale fraud detection and prevention task.