Global Financial Firm Reduced Financial Risk Using AI for Fraud Detection

Summary

The client is a global banking and financial software firm – provides banks and corporates with solutions that enhance, streamline and secure the payments life-cycle

Our Solution

Anblicks helped the client Detect and prevent fraudulent transactions using artificial intelligence.

• Developed a self-adapting system that has mechanisms of soft thresholds for establishing and interpreting normal patterns
• NLP and ML based platform (leveraging RapidMiner) using multiple techniques including rule based, supervised and unsupervised machine learning

Customer Benefits

• 90% accuracy for detecting fraudulent transactions before payments are processed
• 85% savings in operating costs using comprehensive alerts dashboard and explanations

To know more about how Anblicks helped the client in overcoming its business challenges, and it provided a competitive edge to the client, download the detailed case study by filling the form: