Our deposit check models reduce fraud losses by 70%

Our deposit check fraud models have been running in a top 15 bank for more than 3 years. These models have reduced the charge-off due to fraud by 70% without the increase of the number of fraud prevention staff. This translates into tens of millions of dollars of savings. The input variables to the models include:

  • Deposit Amount
  • The Ratio Between Deposit Amount and Life Time High Amount
  • Number of Checks in the Deposit
  • Is This a New Account
  • Account Opening Branch

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