To protect its customers from a staggering 140% year-over-year increase in fraud attempts, a large U.S. regional bank enlisted the expertise of SymphonyAI. The bank, which has seen rapid growth in clientele and transaction volumes, faced significant risks, particularly in wire and SWIFT transactions. Recognizing the necessity for a robust payment fraud solution, SymphonyAI provided a tailored product that allowed for real-time threat identification and prevention. This partnership has yielded remarkable results, including multiple months without fraud losses, underscoring the effectiveness of SymphonyAI’s advanced alert generation, industry-specific expertise, and streamlined fraud operations. This case study showcases SymphonyAI’s pivotal role in fortifying the bank’s defenses and ensuring safer, faster customer transactions.
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