Fintech & Financial Services
AI-Driven Transaction Fraud Detection for "FirstLine Bank"
Built a real-time, AI-powered system that analyzes transaction behavior, significantly reducing false positive alerts and fraudulent losses.
The Challenge
Understanding the Problem
FirstLine Bank's legacy fraud detection system generated an unsustainable volume of false positives, frustrating legitimate customers and requiring high staffing levels for manual review. The system was too slow to stop emerging types of digital fraud.
The Solution
Engineering Innovation
MogiTech developed a system using **federated learning** on anonymized transaction data to build a highly accurate, low-latency fraud model. The model is integrated into the payment gateway via a dedicated API, allowing sub-50ms fraud scoring on every transaction.
The Impact
Measurable Results
Reduced fraudulent losses by 55%
Cut false positive alerts by 70%
Sub-50ms fraud scoring latency
Achieved 99.9% fraud capture rate