Case Studies
Large Financial Institution Sees 50% Uplift in Detection of Money Mule Accounts During First Year Using LexisNexis® Risk Solutions
Overview
Analytics & Modeling - Predictive Analytics Cybersecurity & Privacy - Identity & Authentication Management Networks & Connectivity - Network Management & Analysis Software | |
Finance & Insurance | |
Business Operation Quality Assurance | |
Behavior & Emotion Tracking Fraud Detection | |
Cybersecurity Services Data Science Services System Integration | |
Operational Impact
The bank was able to identify 50% more mule accounts, significantly enhancing its fraud detection capabilities. | |
The institution successfully returned $965,000 of fraudulent funds to the victims, demonstrating its commitment to customer protection. | |
The deployment of the mule model allowed the bank to analyze behavior patterns at a granular level, improving the accuracy of fraud detection. | |
Quantitative Benefit
50% uplift in volume of money mules identified. | |
$965,000 of funds received into mule accounts stopped and returned to victims. | |