Challenge
- Replace a complicated and aging fraud detection system
- Reduce false positives
- Implement improved credit line management
Solution
- Delivered an updated, modern fraud and risk management solution with fully supervised machine learning based algorithms.
- Provide a more accurate scoring model based on big data sources and advanced predictive analytics. Leverage big data for expanded analytics on both positive and negative factors history.
Delivering on the Promise
- Increased revenue by $322M annually
- Reduction in false positives
- Improved credit line management for high income consumers.
- Financial break-even after 120 days.