You launch a new rule to stop fraud. And suddenly your best customers are getting blocked.
It happens to every fraud team.
In fraud prevention, one bad rule can cost thousands in lost customers.
Archer’s backtesting helps you catch those mistakes before they happen.
Here’s why testing matters before you launch any new rule.
New rules create new risks
Every fraud team has launched a rule that accidentally blocked good customers.
Fintechs and banks use Archer’s Decision Engine to build and test rules in just a few clicks.
For example, you might want to flag users who share phone numbers with others. That could catch fraud, but it might also block good customers.
With Archer, you can refine that rule, like counting only new connections from accounts less than one month old or adding a condition for average risk scores above 0.8.
Risk teams can create any rule in seconds and then immediately activate it for their customers.
The problem with activating rules so easily is that if you make a mistake in your rule, you can end up blocking too many good customers.
But not with Archer! 🏹
Test any fraud rule in seconds before it ever impacts a real customer
Our backtesting feature allows you to test any rule against your historical data.
Archer customers are already using Backtesting to fine-tune their fraud rules.
Here’s how it works:
1. Build a rule (takes less than one minute)
2. Run a test (takes a few seconds)
3. Make any needed adjustments to your rule
Here’s what one customer had to say:
“You can make a rule. You can test the rule on your own data. You can then deep dive on the cases that have been triggered by this rule to then validate that you built your rule correctly.”
Dan Watts, Chief Risk Officer of Access Holding’s fintech arm OxygenX.
“Having the ability to test and backtest and see the effect of putting that rule (in production) is really powerful. And it helps you make sure that you’ve got it right.”
Dan Watts, Chief Risk Officer of Access Holding’s fintech arm OxygenX.
Want to see Backtesting in action? Book a quick demo or email archer@archerprotect.com
