Case Study: Providence Capital Funding strengthens fraud detection with Ocrolus Detect

Providence Capital Funding strengthens fraud detection with Ocrolus and stops costly fraud

Providence Capital Funding, an equipment financing company, faced a challenge with sophisticated fraud that was difficult to detect through manual bank statement review alone. This manual process left room for human error and made it hard to consistently demonstrate subtle risks. To strengthen its underwriting, the company partnered with vendor Ocrolus to implement its Detect product.

The Ocrolus solution provided AI-powered fraud detection to identify suspicious document activity, adding an objective data layer to the review process. This resulted in strengthened fraud prevention, more confident and consistent underwriting decisions, and clearer alignment between credit and sales teams. The platform helped stop fraudulent deals, with the cost of the solution being offset by preventing even a single such incident.

Providence Capital Funding