Rethink Risk: Unlocking data to fight fraud and ensure compliance

A bank based in the Midwest, and among the largest money managers in the US, wanted to reduce the impact of financial fraud and federal compliance.

Banks operate in an environment of continuous change so monitoring risk is a constant challenge. Today, a bank’s assets can be threatened in more ways than ever before, and the cost of fraud has never been higher. A bank’s failure to quickly identify fraudulent behavior leaves it accountable both financially and in the eyes of the public. Increasing regulation only adds to the pressure. 

In response, a Midwest bank engaged ICC to develop the data platform that brings to life its risk-profiling engine, isolating fraudulent activity and ensuring legitimate transactions are uninterrupted.