Financial Services
How NexDiscovery Identified a $2.3M Fraud Scheme in 72 Hours
NexDiscovery correlated data across 12 systems to identify a hidden fraud scheme in 72 hours, reducing false positives by 95%.
No financial commitment at this stage
Runs entirely inside your environment. Nothing leaves.
The problem
A financial services company was experiencing discrepancies that conventional fraud detection was not catching, because those tools looked at individual transactions in isolation rather than correlating signals across systems.
- •Existing detection analyzed transactions in isolation, missing coordinated patterns
- •Fraud analysts spent significant time chasing false positives
- •Cross-system correlation was not part of the existing detection workflow
How NexDiscovery worked
Connected and correlated data across 12 systems
NexDiscovery correlated transaction and account data across all 12 systems simultaneously within the client's environment, surfacing patterns invisible to siloed, single-system tools.
Surfaced the fraud pattern in 72 hours
Within 72 hours, NexDiscovery identified $2.3M in fraud and reduced false-positive alerts by 95%, freeing analyst time for genuine investigation.
The results
- ✓$2.3M in fraud identified within 72 hours
- ✓95% reduction in false-positive alerts
- ✓12 systems correlated that were previously analyzed in isolation
Ongoing impact: The finding is available to the fraud and risk team as a source-backed Action Pack for further investigation.
"The pattern was there across 12 systems. No single one of them could see it alone."
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No financial commitment at this stage
Runs entirely inside your environment. Nothing leaves.