Case Study: a major bank achieves 60% higher fraud capture with Scienaptic AI's account takeover fraud detection platform

Detect Account Takeover Fraud Using AI

A major bank was facing a significant increase in account takeover fraud losses and needed a more effective platform for early and accurate detection. To address this challenge, they partnered with Scienaptic AI and leveraged its AI platform.

The solution from Scienaptic AI utilized an ensemble of models, including deep learning and NLP, to analyze diverse data sources and identify both known and emerging fraud patterns. This implementation resulted in a 60% increase in fraud capture and a 70% reduction in false positives, successfully preventing fraud attempts and strengthening customer trust.