Case Study: Swedbank prevents payment card fraud and increases preemptive card reissues by 80% with Recorded Future Card Fraud Intelligence

Swedbank leverages Recorded Future Card Fraud Intelligence (formerly Gemini Advisory) to identify at-risk cards and prevent fraud

Swedbank, a Nordic‑Baltic banking group serving 7M private and 600,000 corporate customers, faced challenges identifying compromised payment card records proactively and often reacted only after fraudulent purchases occurred. To reduce fraud losses and gain market insight and benchmarking, Swedbank engaged Recorded Future and its Card Fraud Intelligence (formerly Gemini Advisory) to detect cards being sold on the dark web before transactions were made.

Recorded Future delivered Card Fraud Intelligence via a proof-of-concept and historical-data analysis that integrated with Swedbank’s workflows, enabling proactive blocking and re-issuing of at-risk cards. As a result, Swedbank increased preemptive card blocks and replacements by 80% during 2019–2020, improved visibility into how criminals value its cards, and gained peer benchmarking to measure and strengthen ongoing fraud prevention.

Swedbank

Robert Eriksson

Fraud Analyst