Case Study

Leading Bank in Australia streamlines and modernizes fraud prevention with Fraud.net

Leading Bank in Australia streamlines and modernizes fraud prevention with Fraud.net

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www.fraud.net ? [email protected] ? 866.971.2030 New York ? Seattle ? London ? Melbourne CASE STUDY Leading Bank in Australia streamlines and modernizes fraud prevention with Fraud.net For a leading Australian financial institution, our solution reduced fraud and the operational requirements for preventing it, resulting in major cost savings on both fronts. Our client is one of the largest and oldest building societies in Australia, with more than 100 thousand members and several billion dollars in assets. Despite its size, it had a largely manual, human-based system for fraud prevention, which required multiple teams of people working day and night reviewing transactions. The company needed a cloud-based fraud detection and prevention solution to safeguard card and onl

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