In a landscape where financial institutions encounter significant challenges from sophisticated fraud schemes, First Technology Federal Credit Union (First Tech) has implemented an advanced fraud detection and prevention system. Utilizing Featurespace’s ARIC Risk Hub solution, First Tech prevented US$40 million in attempted fraud, achieving a 129% increase in prevented transactional losses in 2024 compared to 2022.
First Tech's fraud transformation has allowed the organization to improve its fraud detection and prevention capabilities while enhancing the member experience.
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