Case Study

A MAJOR BANKING GROUP CUTS FRAUD RISKS IN PERSONAL FINANCE BUSINESS

A MAJOR BANKING GROUP CUTS FRAUD RISKS IN PERSONAL FINANCE BUSINESS

A leading European banking group’s Personal Finance division, generating $516 million in revenue and processing 5,000 credit applications daily, implemented XTN Cognitive Security® to significantly reduce fraud risks. The solution combined Smart Fraud Protection and Smart App Protection to deliver real-time fraud detection, flexible and tailored fraud policy management, and robust monitoring capabilities. This comprehensive system effectively stops fraudulent activities and bots, streamlines rule management, and enhances credit line security—empowering the bank to protect customers, reduce financial losses, and ensure operational resilience in a dynamic fraud landscape.

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