A leading North American commercial bank with ~$60B in assets and 200+ branches struggled with a rules-based transaction monitoring system generating 3,000 monthly alerts at 95%+ false positives, overwhelming their 25 FTE analysts and requiring 6 additional staff—impacting SLAs, costs, and workload. ThetaRay software's Proof of Concept on unlabeled data delivered in 3 weeks: 90% true positive capture, 77% hibernation rate (vs. 15.5% goal), 2.6x alert reduction, 2,789 hours saved monthly, and $800K cost savings by eliminating hibernation tools. This augmented their existing solution with ML precision, enabling focus on real threats.

Join for free to read