Case Study: a leading international Dutch bank achieves privacy-compliant advanced analytics and better fraud detection with Syntho synthetic data

Leading International Dutch Bank - Customer Case Study

A leading international Dutch bank, with over 60,000 employees, faced significant challenges in leveraging its financial transaction data due to fragmented data storage, strict privacy compliance regulations, and the limitations of traditional data anonymization. These hurdles impeded advanced analytics, innovation, and effective fraud detection strategies. The bank turned to the synthetic data generation platform from vendor Syntho for a solution.

Syntho’s AI-generated synthetic data provided a privacy-by-design solution that preserved the statistical value and quality of the original data. The implementation enabled the bank to securely upsample scarce data for fraud and financial crime detection, improve machine learning model performance, and facilitate safe data collaboration. This allowed the bank to advance its capabilities in key areas such as fraud prediction, anti-money laundering, and Know Your Customer (KYC) processes.