Prevent Fraudulent Activity for Online Banking

Situation

A European banking application running on HPE NonStop systems provides online account access to customers. Fraud occurs and is difficult to identify and prosecute – the intent to commit a crime is not sufficient, the crime must actually be attempted for prosecution. Fraudulent financial activity is increasing in the region, particularly in online banking.

Problem

This situation is costing the bank a lot of money. The bank has had limited success assisting authorities in prosecuting the fraud.

 

Solution

  • Use HPE Shadowbase Application Integration to integrate in real-time the HPE NonStop online banking activity with a Linux-based fraud-scoring application, to detect and prevent fraud before it occurs
  • Enable the prosecution of the crime by demonstrating actual attempted fraud

    hpe-shadowbase-fraud-detection-architecture

    Figure 1 — HPE Shadowbase Fraud Detection Architecture

Outcomes

  • Reduced costs from fraudulent activity
  • Crimes using the online application are easier to identify, prosecute, and have a higher conviction rate

HPE Shadowbase Products of Interest

  • HPE NonStop Shadowbase DIAI Basic (SKU BE443AC)
  • HPE NonStop Shadowbase DIAI Adv (SKU BE444AL)
  • HPE Other Server Shadowbase DIAI Basic SW (SKU WSA51V6T2)
  • HPE Other Server Shadowbase DIAI Adv SW (SKU WSA52V6T2)

Contact us or your HPE Shadowbase representative, and ask how Shadowbase software will benefit you.

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