Finance & Fintech
AI-Powered Fraud Detection for a Leading Fintech
Built a real-time fraud detection system that reduced fraudulent transactions by 94% while maintaining seamless user experience.
The Challenge
NovaPay was losing $12M annually to fraud. Their rule-based system generated excessive false positives, blocking legitimate customers and hurting revenue.
The Solution
We developed a custom ML model trained on 50M+ transactions, implementing real-time scoring with sub-100ms latency. The system adapts to new fraud patterns automatically through continuous learning.
Results
94%
Fraud Reduction
78%
False Positives Reduced
$11.2M
Annual Savings
<100ms
Processing Latency
"Big Bold Technologies delivered a fraud detection system that exceeded every benchmark we set. The ROI was apparent within the first month."
— Sarah Chen, CTO, NovaPay Financial