Case Study: North Shore Bank Defeats Seasonal Check Fraud with Parascript and Le Mans Tech

North Shore Bank cuts manual review to 10% with Parascript

North Shore Bank, a financial institution based in Wisconsin, faced significant challenges with seasonal check fraud, particularly during tax seasons when fraudsters altered payee names on stolen checks. Their existing manual review processes were inefficient and unable to detect these sophisticated forgeries. To modernize its fraud prevention, the bank partnered with vendor Parascript and IT services firm Le Mans Tech, which implemented a customized check fraud analysis solution powered by Parascript's AI recognition engine.

The solution provided by Parascript and implemented by Le Mans Tech involved configuring a sophisticated, automated scoring model tailored to the bank's specific needs. This resulted in a substantial fraud reduction, including a 90% drop in warranty claims. The bank's efficiency greatly improved, as manual review time was cut to just two or three hours per day for only 10% of total clearings, allowing staff to be redeployed to other critical areas.

North Shore Bank