Case Study

Staying One Step Ahead of Fraudsters to Protect Customers at a Top 5 Global Bank

Staying One Step Ahead of Fraudsters to Protect Customers at a Top 5 Global Bank

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CASE STUDY Staying One Step Ahead of Fraudsters to Protect Customers at a Top 5 Global Bank PROBLEM A global top 5 bank was struggling with Remote Access Takeover (RAT) fraud, which was growing 15% during COVID. With losses and pressure from regulators escalating, the bank needed to act fast. The bank needed a real-time solution to detect fraud and prevent losses before they happened. IMPACT SOLUTION After deploying Celebrus and Teradata VantageTM, the bank was able to establish a hyper-personalized behavioral fraud solution that could prevent fraud, improve the customer experience, reduce losses, and improve business efficiency by: • Capturing digital interactions in real-time • Analyzing the data for transactional and behavioral patterns • Running millions of micro models

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