Transmit Security
Leading US Bank Achieves 1300% ROI with Transmit Security
Summary
A leading US bank faced a large-scale fraud campaign that evaded their existing fraud detection tools. By implementing Transmit Security's Detection and Response services, they achieved significant re...
Value Drivers
Challenges
- Current fraud detection tools failed to detect a large-scale fraud campaign.
- Lack of real-time visibility into operations
1 more challenges available
Solutions
- Implemented Transmit Security's Detection and Response services, which use machine-learning algorithms to detect new attacks in real time.
- Deployed real-time monitoring and analytics platform
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Outcomes
- Achieved a 98% reduction in new account fraud.
- Achieved 24/7 real-time visibility and monitoring
- Successfully scaled operations to support 3x growth
- Decreased operational costs by 40% annually
3 more outcomes available
Products
Software
Detection and Response
A service offering real-time fraud detection using sophisticated machine-learning algorithms.
Target Organization
Unknown
Description: A top 25 financial holding company with over 100 years in the business.
Industry:Financial Services