Large Financial Institution Sees 50% Uplift in Detection of Money Mule Accounts During First Year Using LexisNexis® Risk Solutions
Large Financial Institution Sees 50% Uplift in Detection of Money Mule Accounts During First Year Using LexisNexis® Risk Solutions
4 PagesCASE STUDY COMPANY Large Financial Institution REQUIREMENTS • Accurately identify and block money mule accounts. • Block fraudulent funds from being moved by mules. • Minimize fraud losses associated with money mules. • Prioritize a frictionless and successful user experience for good customers. SOLUTION Using LexisNexis Risk Solutions digital identity intelligence, this large financial institution can accurately identify and block money mule accounts, as well as detect wider mule networks, while prioritizing a frictionless experience for legitimate customers. BOTTOM LINE • 50% uplift in volume of money mules identified. • $965,000 of funds received into mule accounts stopped and returned to victims. • Minimized friction for good, returning customers. AT A GLANCE LexisNexis Risk So
