
Turbo charge banking transformation – Enterprise-wide DevSecOps
A large regional US bank saves USD 3.3 million by adopting enterprise-wide DevSecOps. Read to know more.
Relentlessly changing technology and market dynamics have created a high-velocity, always-on environment for financial firms.
AI, automation, and analytics solutions help you improve operating cash flows, reduce working capital, and build robust and resilient operations.
Build efficient business operations and discover the opportunities of a connected environment
Go beyond aesthetics to create simple, superior, and intuitive experiences that transform the way you do business.
Transform and manage your compute storage network, operating system, database, and application environment with enhanced security, powered by AIOps intelligence.
Modernize your business to be cloud-first for greater efficiency, effectiveness, speed, and scale
Modernize your application infrastructure with APIs and Microservices
Get a lightning-fast response to the evolving business landscape to scale operations, accelerate top-line growth, and retain competitive advantage
Automate what is best suited to your goals to drives frictionless digital customer engagements, data-driven insights, and business growth
Modernize development to drive performance and high quality at speed.
Incubate maximum productivity and innovation in cross-functional teams
Effortlessly deliver simple, seamless, and secure experiences to cement your competitive edge.
Modernize core systems, transform processes and services, and get market- leader advantage.
Orchestrate seamless, digital investment services experiences toward health and wealth portfolio management.
Relentlessly changing technology and market dynamics have created a high-velocity, always-on environment for financial firms.
AI, automation, and analytics solutions help you improve operating cash flows, reduce working capital, and build robust and resilient operations.
Build efficient business operations and discover the opportunities of a connected environment
Go beyond aesthetics to create simple, superior, and intuitive experiences that transform the way you do business.
Transform and manage your compute storage network, operating system, database, and application environment with enhanced security, powered by AIOps intelligence.
Modernize your business to be cloud-first for greater efficiency, effectiveness, speed, and scale
Modernize your application infrastructure with APIs and Microservices
Get a lightning-fast response to the evolving business landscape to scale operations, accelerate top-line growth, and retain competitive advantage
Automate what is best suited to your goals to drives frictionless digital customer engagements, data-driven insights, and business growth
Modernize development to drive performance and high quality at speed.
Incubate maximum productivity and innovation in cross-functional teams
Effortlessly deliver simple, seamless, and secure experiences to cement your competitive edge.
Modernize core systems, transform processes and services, and get market- leader advantage.
Orchestrate seamless, digital investment services experiences toward health and wealth portfolio management.
Home / Case Study / Intelligent Fraud Prevention and Analytics
Optimizing Cross-Channel Fraud Detection, Prevention, and Analytics using a Single, Unified Model.
The client, a Fortune 500 company, is an American financial, retirement, investment, and insurance company.
The client was looking for a partner who could help them with a single unified model to provide more overage to uncover more fraud patterns. SLK worked with the client to optimize the existing fraud-detection model spread across various channels, and co-innovated to convert it to a single, centralized model. This led to $11 million in yearly savings, with a 15% improvement in model performance and 30% savings in infrastructure costs.
The insurance client employed individual fraud-detection models across various channels, such as web, mobile, and others. The existing siloed models were prone to runtime performance issues and were not efficient in identifying the complete patterns of fraud possibilities. Managing and maintaining these individual models added to extraneous costs. Therefore, the client was looking for a strong data partner who could unify these channel-specific legacy models, optimize the infrastructure, and improve the model performance and accuracy
The SLK team built a new data-science model to identify fraud with parameters that covered multiple channels. The new model, built by the SLK team, considered data variables such as Variety, Velocity, Veracity, and Volume, uncovering all possible patterns for modeling. This model:
Savings per year
Reduction in runtime
Improvement in
model performance
The optimized cross-channel fraud-detection model led to $11 million in savings in the first year, with 15% improvement in model performance and 30% savings in infrastructure costs. The unified model also cut down the process runtime by 500% to just an hour.
A large regional US bank saves USD 3.3 million by adopting enterprise-wide DevSecOps. Read to know more.
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