Lynx Bank Account Fraud Prevention
How Lynx helps you with Bank Account Fraud
Stolen personal information from frequent data breaches is fueling bank account fraud. Criminals are getting more creative by orchestrating scams through text messages, targeting online banking apps, and using AI to manipulate people into sending fraudulent transactions.
Reactive legacy fraud detection solutions are no longer good enough. You need real-time fraud prevention to protect your customers’ financial accounts without disrupting legitimate users.
Lynx uses advanced artificial intelligence to help you stop bank account fraud in real time:
- Daily Adaptive Models: Our sophisticated machine learning models detect and adjust to new types of fraud daily, unlike static models that take months to update.
- 360° Customer Intelligence: Lynx analyzes transactions across every channel, incorporating payment information, device data, behavioral biometrics, and daily feedback from fraud alerts for enhanced risk scoring.
- Integrated Fraud Risk Scoring: Lynx’s solution integrates with your existing rules and models, offering the best of both worlds: your local expertise enhanced with adaptive AI to keep new fraud trends out of your organization.
With Lynx, you’re empowered to protect your customers, secure their accounts, and stay ahead of fraud.
Transactions
93 B+
Global transactions secured annually
Performance
99.99%
Transactions processed in 50ms*
USER PROTECTION
330M+
Users protected globally
Cost Savings
$1.6B
Annual savings realized by clients
RAPID IMPLEMENTATION
60 min
Add a new channel for rapid deployment across all systems
High Accuracy
80%
Value Detection Rate (VDR) minimizes financial losses
How Lynx Fraud Prevention Works
Stop fraud in real time
Lynx Fraud Prevention detects and stops fraudulent transactions in milliseconds before they harm your organization and customers.
Stay ahead of evolving fraud with Daily Adaptive Models
Lynx’s Daily Adaptive Models are advanced AI models that continuously learn from new data to intelligently detect more fraud with less friction.
- Learn automatically: The model teaches itself which patterns matter most instead of relying on rules set months ago.
- Adapt fast: If a new behavior or transaction signals fraud, the system quickly adjusts to stop it.
- Always improve: The model retrains and tests itself daily to stay accurate and effective.
- Quickly update: The system retrains with new data and deploys a smarter model in just hours.
- The result? A fraud detection engine that never stops learning, combining past experience with the latest insights to stop threats in real time.
- Experience significant fraud savings: Lynx’s system detects more fraud with fewer false positives than static and rules-based systems.
Explore how Lynx’s Advanced Daily Adaptive Models are transforming financial crime prevention.
Unlock continuous fraud detection improvement
1. Enrichment: Payload data is enriched with user transaction, device, behavior, and financial identity data to create a high-fidelity profile.
2. AI Scoring: The Daily Adaptive Model analyzes the enriched data for anomalies and gives the transaction a precise fraud risk score.
3. Detection: A configurable rules-based decision engine suggests an “approve” or “deny” decision based on the AI risk score and your organization’s defined risk tolerance.
4. Alert: Suspicious, high-risk transactions generate an alert and are immediately halted for analyst review.
5. Daily Feedback and Improvement: Fraud analysts provide human-in-the-loop feedback by approving or denying flagged transactions, giving the Daily Adaptive Model more intelligence while ensuring it stops fraud today.
Discover how Lynx helps you transform card fraud prevention
Lynx is trusted by multinational organizations across the globe. We detect and prevent fraud and financial crime with unmatched speed, accuracy, and expertise.
Real-time detection, on-premises or in the cloud
Deploy Lynx on-premises or in the cloud for rapid fraud detection. Daily Adaptive Models process 99.99% of transactions in under 50ms on-premises and under 100ms in SaaS deployments.
Versatile risk scoring
Layer Lynx’s advanced AI risk scoring over your existing systems or rip and replace to deploy Lynx as a comprehensive fraud detection solution.
Meet compliance and messaging standards
Lynx is compliant with PCI-DSS, ISO 27001, and SOC 2 for strong data security. We also meet ISO 20022 and ISO 8583 to align with global messaging requirements.
See the full fraud picture with a 360-degree view
Lynx empowers you to connect disparate data across channels to build a unified, 360-degree customer view. Incorporate data from all payment channels including online, mobile, and telephone banking as well as card present and card not present transactions.
Flexible payload configuration
With Lynx Flex, you can easily adjust which data fields are used for fraud detection to match your unique transactions and customers. Changes don’t require coding and take effect across the system in about an hour, delivering immediate impact.
Comprehensive, intuitive data visualization
Create custom dashboards, check the detection model’s performance, evaluate rules, and track emerging fraud trends using real-time queries in Lynx’s reporting module. We store your enriched payloads and visualize them in digestible graphics so you can see the data you want, when you want it.
Maximize results with expert integration and support
- Collaborative build: Our professional services team helps you build and configure fraud detection models based on your unique needs and data, all within Lynx’s solution.
- Seamless deployment: Our solution integrates with your existing workflows to ensure a smooth transition.
- Ongoing support: Our support team is always available to help you manage new challenges.
*average performance for an on-premise deployment using TCP/IP socket