Sub-Saharan Africa has over 600M active bank accounts. If even only 1% were fraudulent, that’s 6M accounts moving stolen money right now. So how do you spot the bad actors? 🤔
Over 90% of banks and fintechs have a fraud prevention system in place. But fraud keeps happening while genuine customers are blocked.
For example, banks often block logins from other countries. But then good customers can’t access their accounts while traveling.
Industry studies show that up to 95% of these alerts are false alarms!
“I was blocking all transactions that were out of the ordinary,” one banker told me. “But the fraudsters just started acting more normal.”
A 2021 Bank Administration Institute study showed the same thing: Criminals learned to copy genuine customer behavior, slipping past fraud systems while real customers got blocked.
🎉 That’s why we’re excited to launch Archer’s Decision Engine 🏹
It blocks fraud without blocking good customers by:
1. Stopping fraud with automated decisions
2. Validating trusted users with AI
3. Cutting false alarms with data science
Your company, your rules.
Watch our product launch video and share with anyone you think would find it helpful.
