European Retail Banking - Customer Case Study

The leading retail bank in Europe uses Striim to detect and prevent ATM fraud and money laundering. The Striim platform analyzes ATM transaction data to monitor and alert “impossible distance” fraud by detecting transactions on multiple ATM devices within a short span of time. It also identifies potential money laundering cases by detecting when there is a maximum ATM withdrawal from one account and transfer the fund to another account, followed by maximum withdrawal from the latter account.