{"id":56775,"date":"2023-07-03T11:38:40","date_gmt":"2025-10-14T15:25:18","guid":{"rendered":"https:\/\/www.elixirr.com\/en-gb\/?post_type=case_study&#038;p=56775"},"modified":"2025-10-29T08:09:05","modified_gmt":"2025-10-29T08:09:05","slug":"regional-bank-using-data-to-reduce-fraud","status":"publish","type":"case_study","link":"https:\/\/www.elixirr.com\/en-gb\/case-studies\/regional-bank-using-data-to-reduce-fraud\/","title":{"rendered":"Regional bank: using data to reduce fraud"},"content":{"rendered":"<section\n    class=\"wp-block-text-block edwp-block layout--spacing-y bg--none\"\n    >\n    <div class=\"wp-block-text-block__container container fade-in\">\n        <div class=\"wp-block-text-block__content wysiwyg\">\n            <p class=\"meta-right-overview\">Data is at the core of many of the issues our customers are dealing with right now, but it\u2019s also at the core of the solutions. We worked with a regional bank, partnering with its fraud and risk team to solve challenges around new account openings. Our experts developed anomaly detection models, scoring models and classification models to help reduce false positives, a task that in the past was heavily time intensive for the team, ultimately achieving a reduction of over 65%. In fact, this reduced fraud for new account openings by 92%.<\/p>\n<p>Watch to find out more.<\/p>\n<div class=\"hero-meta\">\n<ul class=\"meta-list\">\n<li>Outcome 1: Reduced false positives by &gt;65%<\/li>\n<li>Outcome 2: Reduced fraud for new account openings by 92%<\/li>\n<\/ul>\n<\/div>\n        <\/div>\n            <\/div>\n<\/section>\n\n\n<section\n    class=\"wp-block-media-block edwp-block js-wp-block-media-block wp-block-media-block--video wp-block-media-block--content-top-left layout--spacing-y bg--none\"\n    >\n    <div class=\"container\">\n        \n        \n                    <div class=\"wp-block-media-block__video\">\n                    <div\n        class=\"wp-component-video-embed js-wp-component-video-embed js-wp-component-video-embed-wistia wp-component-video-embed--ratio--\"\n                        data-video-id=\"884asmxd3h\"\n        data-wistia-options=\"seo=false videoFoam=true controlsVisibleOnLoad=true playButton=true smallPlayButton=true playbar=true volumeControl=true settingsControl=true fullscreenButton=true muted=false fitStrategy=cover qualityMin=1080\"\n                        >\n                    <div class=\"wistia_responsive_padding\">\n                <div class=\"wistia_responsive_wrapper\">\n                    <div class=\"js-wistia-lazy\">\n                        <div class=\"wistia_swatch\">\n                            <img decoding=\"async\"\n                                src=\"https:\/\/fast.wistia.com\/embed\/medias\/884asmxd3h\/swatch\"\n                                class=\"wistia_swatch__image\"\n                                alt=\"\"\n                                aria-hidden=\"true\"\n                            \/>\n                        <\/div>\n                    <\/div>\n                <\/div>\n            <\/div>\n            <\/div>\n            <\/div>\n            <\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":56779,"template":"","related_service":[66],"related_industry":[42],"class_list":["post-56775","case_study","type-case_study","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Regional bank: using data to reduce fraud - Elixirr<\/title>\n<meta name=\"description\" content=\"Explore how assisting bank to use data to reduce fraud can enhance security and protect customer transactions effectively.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.elixirr.com\/en-gb\/case-studies\/regional-bank-using-data-to-reduce-fraud\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Regional bank: using data to reduce fraud\" \/>\n<meta property=\"og:description\" content=\"Explore how assisting bank to use data to reduce fraud can enhance security and protect customer transactions effectively.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.elixirr.com\/en-gb\/case-studies\/regional-bank-using-data-to-reduce-fraud\/\" \/>\n<meta property=\"og:site_name\" content=\"Elixirr\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-29T08:09:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2025\/10\/data-case-study.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"820\" \/>\n\t<meta property=\"og:image:height\" content=\"492\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.elixirr.com\/en-gb\/case-studies\/regional-bank-using-data-to-reduce-fraud\/\",\"url\":\"https:\/\/www.elixirr.com\/en-gb\/case-studies\/regional-bank-using-data-to-reduce-fraud\/\",\"name\":\"Regional bank: using data to reduce fraud - Elixirr\",\"isPartOf\":{\"@id\":\"https:\/\/www.elixirr.com\/en-gb\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.elixirr.com\/en-gb\/case-studies\/regional-bank-using-data-to-reduce-fraud\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.elixirr.com\/en-gb\/case-studies\/regional-bank-using-data-to-reduce-fraud\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2025\/10\/data-case-study.jpg\",\"datePublished\":\"2025-10-14T15:25:18+00:00\",\"dateModified\":\"2025-10-29T08:09:05+00:00\",\"description\":\"Explore how assisting bank to use data to reduce fraud can enhance security and protect customer transactions effectively.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.elixirr.com\/en-gb\/case-studies\/regional-bank-using-data-to-reduce-fraud\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.elixirr.com\/en-gb\/case-studies\/regional-bank-using-data-to-reduce-fraud\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.elixirr.com\/en-gb\/case-studies\/regional-bank-using-data-to-reduce-fraud\/#primaryimage\",\"url\":\"https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2025\/10\/data-case-study.jpg\",\"contentUrl\":\"https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2025\/10\/data-case-study.jpg\",\"width\":820,\"height\":492,\"caption\":\"xr:d:DAFhTksGrJc:37,j:7403187240388684372,t:23070310\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.elixirr.com\/en-gb\/case-studies\/regional-bank-using-data-to-reduce-fraud\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.elixirr.com\/en-gb\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Case Studies\",\"item\":\"https:\/\/www.elixirr.com\/en-gb\/case-studies\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Regional bank: using data to reduce fraud\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.elixirr.com\/en-gb\/#website\",\"url\":\"https:\/\/www.elixirr.com\/en-gb\/\",\"name\":\"Elixirr\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.elixirr.com\/en-gb\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.elixirr.com\/en-gb\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.elixirr.com\/en-gb\/#organization\",\"name\":\"Elixirr\",\"alternateName\":\"Elixirr International PLC\",\"url\":\"https:\/\/www.elixirr.com\/en-gb\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.elixirr.com\/en-gb\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2025\/11\/elixirr-logo.png\",\"contentUrl\":\"https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2025\/11\/elixirr-logo.png\",\"width\":200,\"height\":200,\"caption\":\"Elixirr\"},\"image\":{\"@id\":\"https:\/\/www.elixirr.com\/en-gb\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Regional bank: using data to reduce fraud - Elixirr","description":"Explore how assisting bank to use data to reduce fraud can enhance security and protect customer transactions effectively.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.elixirr.com\/en-gb\/case-studies\/regional-bank-using-data-to-reduce-fraud\/","og_locale":"en_US","og_type":"article","og_title":"Regional bank: using data to reduce fraud","og_description":"Explore how assisting bank to use data to reduce fraud can enhance security and protect customer transactions effectively.","og_url":"https:\/\/www.elixirr.com\/en-gb\/case-studies\/regional-bank-using-data-to-reduce-fraud\/","og_site_name":"Elixirr","article_modified_time":"2025-10-29T08:09:05+00:00","og_image":[{"width":820,"height":492,"url":"https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2025\/10\/data-case-study.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.elixirr.com\/en-gb\/case-studies\/regional-bank-using-data-to-reduce-fraud\/","url":"https:\/\/www.elixirr.com\/en-gb\/case-studies\/regional-bank-using-data-to-reduce-fraud\/","name":"Regional bank: using data to reduce fraud - Elixirr","isPartOf":{"@id":"https:\/\/www.elixirr.com\/en-gb\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.elixirr.com\/en-gb\/case-studies\/regional-bank-using-data-to-reduce-fraud\/#primaryimage"},"image":{"@id":"https:\/\/www.elixirr.com\/en-gb\/case-studies\/regional-bank-using-data-to-reduce-fraud\/#primaryimage"},"thumbnailUrl":"https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2025\/10\/data-case-study.jpg","datePublished":"2025-10-14T15:25:18+00:00","dateModified":"2025-10-29T08:09:05+00:00","description":"Explore how assisting bank to use data to reduce fraud can enhance security and protect customer transactions effectively.","breadcrumb":{"@id":"https:\/\/www.elixirr.com\/en-gb\/case-studies\/regional-bank-using-data-to-reduce-fraud\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.elixirr.com\/en-gb\/case-studies\/regional-bank-using-data-to-reduce-fraud\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.elixirr.com\/en-gb\/case-studies\/regional-bank-using-data-to-reduce-fraud\/#primaryimage","url":"https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2025\/10\/data-case-study.jpg","contentUrl":"https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2025\/10\/data-case-study.jpg","width":820,"height":492,"caption":"xr:d:DAFhTksGrJc:37,j:7403187240388684372,t:23070310"},{"@type":"BreadcrumbList","@id":"https:\/\/www.elixirr.com\/en-gb\/case-studies\/regional-bank-using-data-to-reduce-fraud\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.elixirr.com\/en-gb\/"},{"@type":"ListItem","position":2,"name":"Case Studies","item":"https:\/\/www.elixirr.com\/en-gb\/case-studies\/"},{"@type":"ListItem","position":3,"name":"Regional bank: using data to reduce fraud"}]},{"@type":"WebSite","@id":"https:\/\/www.elixirr.com\/en-gb\/#website","url":"https:\/\/www.elixirr.com\/en-gb\/","name":"Elixirr","description":"","publisher":{"@id":"https:\/\/www.elixirr.com\/en-gb\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.elixirr.com\/en-gb\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.elixirr.com\/en-gb\/#organization","name":"Elixirr","alternateName":"Elixirr International PLC","url":"https:\/\/www.elixirr.com\/en-gb\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.elixirr.com\/en-gb\/#\/schema\/logo\/image\/","url":"https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2025\/11\/elixirr-logo.png","contentUrl":"https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2025\/11\/elixirr-logo.png","width":200,"height":200,"caption":"Elixirr"},"image":{"@id":"https:\/\/www.elixirr.com\/en-gb\/#\/schema\/logo\/image\/"}}]}},"card":"<article class=\"wp-component-card edwp-component wp-component-card--case_study            wp-component-card--link js-card-link\n        edwp-fade-in\">\n            <figure class=\"wp-component-card__image-wrapper\">\n                            <img width=\"820\" height=\"492\" src=\"https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2025\/10\/data-case-study.jpg\" class=\"wp-component-card__image\" alt=\"\" decoding=\"async\" srcset=\"https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2025\/10\/data-case-study.jpg 820w, https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2025\/10\/data-case-study-300x180.jpg 300w, https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2025\/10\/data-case-study-768x461.jpg 768w, https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2025\/10\/data-case-study-87x52.jpg 87w, https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2025\/10\/data-case-study-319x191.jpg 319w, https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2025\/10\/data-case-study-479x287.jpg 479w, https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2025\/10\/data-case-study-567x340.jpg 567w, https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2025\/10\/data-case-study-767x460.jpg 767w\" sizes=\"(max-width: 820px) 100vw, 820px\" \/>            <div class=\"wp-component-card__preview-icon\">\n                <span class='edwp-svg '><svg width=\"47\" height=\"47\" viewBox=\"0 0 47 47\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<g>\n<path d=\"M23.4141 0.539062C36.1232 0.539183 46.4258 10.8416 46.4258 23.5508C46.4257 36.2599 36.1231 46.5624 23.4141 46.5625C10.7049 46.5625 0.402465 36.2599 0.402344 23.5508C0.402344 10.8415 10.7048 0.539062 23.4141 0.539062ZM23.4141 1.68945C11.3606 1.68945 1.55273 11.4974 1.55273 23.5508C1.55286 35.6041 11.3607 45.4111 23.4141 45.4111C35.4673 45.411 45.2743 35.604 45.2744 23.5508C45.2744 11.4974 35.4674 1.68957 23.4141 1.68945Z\" fill=\"currentColor\"\/>\n<path d=\"M19.2841 33.6992C18.9579 33.6986 18.6374 33.6111 18.3543 33.4454C17.7167 33.0759 17.3203 32.3585 17.3203 31.5797V15.8189C17.3203 15.0379 17.7167 14.3227 18.3543 13.9531C18.6442 13.7827 18.9735 13.6951 19.3078 13.6994C19.6421 13.7037 19.9692 13.7998 20.2548 13.9776L33.4237 22.0406C33.6981 22.2166 33.9244 22.461 34.0812 22.751C34.238 23.0409 34.3203 23.3668 34.3203 23.6982C34.3203 24.0295 34.238 24.3555 34.0812 24.6454C33.9244 24.9353 33.6981 25.1798 33.4237 25.3558L20.2527 33.421C19.9604 33.6017 19.6256 33.6979 19.2841 33.6992Z\" fill=\"currentColor\"\/>\n<\/g>\n<\/svg>\n<\/span>            <\/div>\n                        <\/figure>\n        <div class=\"wp-component-card__content edwp-row-load\">\n                                    <p class=\"wp-component-card__eyebrow\">\n                Data Strategy            <\/p>\n                <a href='https:\/\/www.elixirr.com\/en-gb\/case-studies\/regional-bank-using-data-to-reduce-fraud\/' class='wp-component-card__title'>\n            <h2>\n                Regional bank: using data to reduce fraud\n            <\/h2>\n        <\/a>                                                            <div class=\"wp-component-card__meta\">\n                                            <p class=\"wp-component-card__date\">\n                            03 July 2023                        <\/p>\n                                                                <div class=\"wp-component-card__terms\">\n                                                                                                                                                                                                                <div class=\"wp-component-tags edwp-component\">\n                        <div class=\"wp-component-tags__tag\">\n                Financial Services            <\/div>\n                                <div class=\"wp-component-tags__tag\">\n                Data Strategy            <\/div>\n                <\/div>\n                        <\/div>\n                                    <\/div>\n                                                    <div class=\"wp-component-card__button-wrapper\">\n                    <button class=\"btn btn--link arrow wp-component-card__button\">\n                                                                            Read more                                                                            <span class='edwp-svg '><svg width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<g id=\"Lg\">\n<path id=\"Vector\" d=\"M1.12509 9.50162H15.8648L9.43259 3.06941C9.374 3.0113 9.3275 2.94216 9.29576 2.86599C9.26403 2.78981 9.24769 2.70811 9.24769 2.62559C9.24769 2.54307 9.26403 2.46137 9.29576 2.38519C9.3275 2.30902 9.374 2.23988 9.43259 2.18177C9.54971 2.06535 9.70814 2 9.87328 2C10.0384 2 10.1969 2.06535 10.314 2.18177L17.8151 9.6829C17.8737 9.74101 17.9202 9.81014 17.9519 9.88632C17.9837 9.96249 18 10.0442 18 10.1267C18 10.2092 17.9837 10.2909 17.9519 10.3671C17.9202 10.4433 17.8737 10.5124 17.8151 10.5705L10.314 18.0717C10.1975 18.1871 10.0404 18.2522 9.87641 18.2529C9.79414 18.2534 9.71259 18.2376 9.63643 18.2065C9.56027 18.1754 9.491 18.1296 9.43259 18.0717C9.374 18.0135 9.3275 17.9444 9.29576 17.8682C9.26403 17.7921 9.24769 17.7104 9.24769 17.6278C9.24769 17.5453 9.26403 17.4636 9.29576 17.3874C9.3275 17.3113 9.374 17.2421 9.43259 17.184L15.8711 10.7518H1.12509C0.959309 10.7518 0.800312 10.686 0.683084 10.5687C0.565857 10.4515 0.5 10.2925 0.5 10.1267C0.5 9.96093 0.565857 9.80193 0.683084 9.68471C0.800312 9.56748 0.959309 9.50162 1.12509 9.50162Z\" fill=\"#1D0F25\"\/>\n<\/g>\n<\/svg>\n<\/span>                                            <\/button>\n                <\/div>\n                                            <\/div>\n<\/article>\n","_links":{"self":[{"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/case_study\/56775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/case_study"}],"about":[{"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/types\/case_study"}],"author":[{"embeddable":true,"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/media\/56779"}],"wp:attachment":[{"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/media?parent=56775"}],"wp:term":[{"taxonomy":"related_service","embeddable":true,"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/related_service?post=56775"},{"taxonomy":"related_industry","embeddable":true,"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/related_industry?post=56775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}