Case Study
Real-Time Fraud Detection and Sanctions Screening with FICO Falcon Platform
Industry
Banking
Location
Global
Our Contributions
Fraud Detection, Transaction Monitoring, AML & Sanctions Screening
Technologies
FICO Falcon, Data Vault Integration
Coforge partnered with a global bank to modernize its fraud detection and transaction monitoring capabilities using the FICO Falcon platform. The objective was to enhance regional fraud detection, improve accuracy, and enable near real-time monitoring of transactions across multiple channels and geographies.
By integrating advanced machine learning models with a centralized data foundation, Coforge enabled intelligent, real-time fraud detection and sanctions screening. The solution improved detection precision, reduced operational inefficiencies, and strengthened the bank’s ability to proactively identify and mitigate financial crime risks.
The Challenge
The bank needed to enhance its regional fraud detection capabilities while modernizing legacy monitoring systems that lacked real-time processing and advanced analytics. Existing solutions struggled to detect complex fraud patterns, particularly in cross-border transactions, and generated high volumes of false positives.
Additionally, fragmented data across systems limited the ability to analyze behavioral patterns effectively. The absence of a unified data foundation and real-time data capture further impacted detection accuracy and response times.
The organization required a scalable, intelligent solution capable of integrating diverse data sources, enabling real-time monitoring, and improving both detection coverage and operational efficiency.
Our Approach
Impact to Date
-35%
Reduction in False Positives
+25%
Improvement in Investigator Efficiency
+40%
Increase in Detection Coverage
Improved
Real-Time Fraud Detection Capabilities