Case Studies
LexisNexis® Risk Solutions Helps Global Bank Immediately Reduce Fraudulent Traffic on its Financial Exchange
Overview
Analytics & Modeling - Predictive Analytics Cybersecurity & Privacy - Identity & Authentication Management | |
Finance & Insurance | |
Business Operation | |
Fraud Detection | |
System Integration | |
Operational Impact
The bank was able to accurately block fraudsters from testing stolen identities on its financial exchange, ensuring that fraudulent traffic was minimized. | |
The solution provided clearer visibility into customer traffic on the financial exchange, allowing the bank to monitor and analyze user behavior effectively. | |
The customer experience for trusted, returning users was significantly improved, as the solution reduced friction and false positives, ensuring a seamless interaction with the financial applications. | |
Quantitative Benefit
Blocked 1.3 million fraudulent transactions from the financial exchange. | |
Accurately authenticated over 500,000 trusted users, facilitating a frictionless customer experience. | |
Protected 90,000 credentials from bot attacks. | |