Specialized in the areas of Corporate, Commercial, SME and Enterprise, Retail, Agricultural and Private Banking, Fibabanka offers services with a young and dynamic workforce
1,001 - 5,000 employees
Fibabanka was seeking a transaction fraud solution to protect its customers and to meet its regulatory requirements in Turkey. Following a rigorous market evaluation, the bank selected GBG Predator to provide a user-friendly, powerful and flexible solution.
Detecting over US $450,000 of fraud in a single year
The bank serves customers in the fields of Corporate, Commercial, SME, Personal, Agriculture and Private Banking in Turkey.
Adding value to the lives of their customers by investing in digital technology and focusing on perfecting the customer experience, Fibabanka was seeking an industry-leading solution to identify and prevent transaction fraud, while ensuring full compliance with its regulatory and data processing obligations within Turkey.
We prevent and detect various types of fraud while protecting our real customers thanks to GBG.
Fibabanka ran a rigorous competitive procurement process and selected GBG Predator for its transaction fraud detection requirements.
GBG Predator is a transaction fraud detection solution which can detect and prevent fraud across multiple transaction types, including:
GBG Predator detects fraudulent transactions by comparing all incoming transactions against the previous transactions for the account holder.
Fraud rules are used to identify transactions that are potentially fraudulent or suspicious. These are identified by Predator through a scoring mechanism and are investigated by the Fibabanka’s fraud prevention team.
GBG Predator has delivered several benefits to Fibabanka in achieving its customer mission.