Sift
Case Studies
How Sift enabled Banxa to securely scale by 30x
Overview
How Sift enabled Banxa to securely scale by 30xSift |
Analytics & Modeling - Data-as-a-Service Analytics & Modeling - Machine Learning | |
Finance & Insurance | |
Procurement | |
Fraud Detection | |
Data Science Services | |
Operational Impact
Banxa has been able to identify and auto-block fraudulent activity before any damage could ensue, resulting in reduced and stabilized fraud and chargeback rates. | |
Once hamstrung by manual effort and limited on how they could respond to attacks, the team can now scale and quickly squash major attacks with ease. | |
After initially dealing with an influx of scams that impacted trusted customers, Sift has helped Banxa significantly reduce these scam events. | |
Quantitative Benefit
Reduced scam events by 80-90% | |
Prevented more fraud with 5x fewer resources | |
Helped the company securely scale by 30x | |