A European bank needed to design and implement its Internet banking application in a very specific way: to detect and prevent fraud, yet still enable the authorities to pursue a conviction against the actual actions committed.
This case study provides a powerful demonstration of what can be achieved by clever application design, coupled with an HPE Shadowbase high-speed/high-throughput heterogeneous data distribution fabric, to deliver large amounts of data in real-time to a data analytics engine.
The integrated applications are used to prevent Internet banking fraud, and have resulted in a significant decrease in the cost of such fraud to the bank, and allowed for prosecution of the perpetrators.
The result is a real-time fraud detection and prevention system which provides critical functionality and produces tangible positive results for the bank.
Case Study:
Winning the Battle Against Internet Banking Fraud by Leveraging Real-Time Data and Application Integration