Finance and Banking
Stopping Financial Fraud in Real Time with AI
goal
Challenge Faced
Banks and fintechs lose billions annually to fraudulent transactions, identity theft, and cybercrime. Traditional rule-based monitoring often misses evolving fraud patterns.
solution
Our Solution
We implemented an AI fraud detection engine that monitors every transaction in real-time, detecting anomalies and preventing financial losses.
Tools we used
Approach
Step-by-Step Workflow
Step 1
Stream transactional data across channels.
Step 2
ML models analyze spending patterns and detect anomalies.
Step 3
AI flags suspicious transactions instantly.
Step 4
Alerts are sent to compliance/security teams or blocked in real time.
Quantifiable Benefits
Reduction in fraud-related losses
%
Faster fraud detection response time
0
%
Fewer false positives compared to rules-based systems
%
Improved compliance with global financial regulations
%
Who’s Using This
Mastercard AI Risk Management
PayPal real-time fraud detection
Global banks like HSBC, Citi, and SBI
Why It Matters
AI protects financial institutions and customers by staying ahead of evolving fraud patterns.