FICO Analytic Modeler Decision Tree Pro helps KeyBank “cut away the noise” to detect more wire fraud Success Story

Document created by Makenna.Brei Advocate on Dec 1, 2016
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Challenge: Rules-based fraud detection system was producing excessive alert volume, resulting in too many false positives.

 

Solution: Developing more selective and precise rules using FICO® Analytic Modeler Decision Tree Professional, a powerful strategy design and visualization tool, which allows the bank to better focus its resources on actual fraud.

 

Results: Reduced non-value alert volume by 70% to 80%; improved productivity of front-line detection analysts; fewer false positives, more fraud detected and greater confidence among fraud team.

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