A surprising revenue boost
Fraud prevention and early detection adds to the bottom line
Globally, fraud is increasing in frequency and sophistication, but no matter where you are, fighting fraud effectively means continually improving customer behavior monitoring across multiple accounts and systems. Here's how companies around the world are using SAS to do just that:
Royal Bank of Canada (RBC) avoided millions in credit fraud credit card transactions from fraud – in real time. losses – while still maintaining a low false-positive ratio – within one year of building a fraud rules application that targets fraudulent credit applications.
Read more about Royal Bank of Canada.
US, Europe and Asia
HSBC is protecting 100 percent of its millions of daily credit card transactions from fraud - in real time.
Read more about HSBC.
Viseca Card Services, Switzerland's largest credit card company, detects eighty-one percent of all fraud cases within a day, and has reduced losses due to fraud by 15 percent.
Read more about Viseca Card Services.
Hyundai Marine & Fire Insurance detects and prevents fraudulent automobile insurance claims from ever getting paid with a three-pronged fraud detection system.
Read more about Hyundai Marine & Fire Insurance.
Commonwealth Bank of Australia improved fraud detection efficiency, detected twice the level of check fraud, increased Internet banking fraud alerts by 60 percent and improved check and Internet fraud loss-to-turnover ratios by 50 and 80 percent, respectively.
Read more about Commonwealth Bank of Australia.