Consumer credit: Carrefour Banque reduces its residual risk by 50% with Bleckwen credit fraud services

case study
by Bleckwen

Credit fraud is growing by 25% a year and is expected to reach $45 billion in annual losses by 2023, according to WPI Economics: As our lives increasingly take place online, the nature of the threats is changing, as evidenced by the increasing prevalence of identity theft and synthetic identity fraud.

Fraud has consequences that go beyond financial loss (such as terrorist financing, for example). Although banking institutions have already put in place a number of tools to combat this scourge, 10% of fraud goes undetected.

Carrefour Banque has not escaped these statistics: out of 1000 € of consumer credit granted, between 3.10 and 4.54 € were detected as fraudulent by Bleckwen's technology.

Table of content:

  1. Context: Reducing residual fraud
  2. How to deal with this residual fraud?
  3. The choice of Bleckwen
  4. From POC to roll-out
  5. The first results show millions saved
  6. Explainability of scores: Limited impact on payroll expenses
  7. Future plans: A real-time, continuously improving process

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