Banking for SaferPayments

How a commercial bank reduced reputational risks by 90% and fraud by 70% in 5 months

Challenges

1. Undefined data structure. No approved structure to support the anti-fraud system.
2. Identity linking. Required linking all transactions to unified customer profiles.
3. High fault tolerance. Needed 99.999% uptime, allowing only 1 minute of downtime per year.
4. Fraud risks. Faced threats such as social engineering and account hijacking.

Solution

• Developed a high-availability architecture ensuring uninterrupted operations, even during system updates.
• Designed an advanced data structure to unify customer profiles across different account roles.
• Conducted practical training for the bank’s team to manage and adapt the anti-fraud system.

Results

• Fraud Reduction. Lowered fraud by 70%.
• Reputational Risk Mitigation. Reduced reputational risks by 90%.
• Faster Response. Decreased time to counter new fraud from 5 days to 5 minutes.
• Long-Term Success. System has operated flawlessly for 2.5 years.

This project highlights Solidity’s ability to deliver reliable, cutting-edge solutions for secure and resilient banking operations.