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The State of Fraud Detection: Big Spending, Limited Results 

The rush to offer digital services in the wake of the pandemic left financial institutions vulnerable, and fraud attempts skyrocketed. Despite spending billions on defense, banks lost 5% of revenue to fraud in 2021.   

Industries spent



on fraud detection in 2021

Average bank has 



anti-fraud solutions

Despite this



of fraud attempts succeed

Even as the adoption of anti-fraud solutions increases, nearly half of fraud goes undetected. Costly single-point solutions, multiple fraud scores, and disparate data sets simply can’t keep up with the innovative scams and attacks launched by global criminal organizations.
An Evolving Threat

Requires a New Approach

Sophisticated criminals don’t limit themselves to a single type of fraud, and neither should anti-fraud defenses. To identify these evolving threats, FiVerity brings a holistic platform that integrates and enhances existing rule-based verification systems.  

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Simple, sensible interpretation of existing data and fraud scores



Deep AI analysis augmented by human expertise 

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Secure threat intelligence sharing between institutions

Proven Results

To stay ahead of digital fraud, banks need to take a holistic view of the threats facing them – consolidating data from existing fraud systems and data sets. FiVerity’s holistic model is shown to improve fraud detection rates by 124% over the models used by many of today’s fraud solutions.

Protection Throughout Your Business

FiVerity helps financial institutions strengthen a range of consumer-facing business processes. See the industries FiVerity supports and the specific processes we can help you improve.


Account Opening

Quickly confirm identities to increase throughput for new applications 


Consumer Lending

Review your existing loan portfolio to find any current fraudulent accounts 


Credit Collections

Identify unrecoverable SIF profiles to focus resources on legitimate accounts 

Cyber Fraud Defense via Industry Collaboration

FiVerity’s Cyber Fraud Network facilitates the secure exchange of fraud intelligence between consumer lending institutions, while preserving the privacy of personally identifiable consumer information. See how FiVerity enables collaboration among financial institutions in the fight against cyber fraud.



among banks, credit unions and credit card processors



with federal regulators and law enforcement agencies



of personally identifiable consumer information

A Community of Experts

FiVerity partners with an expert community of analysts and investigators to identify and implement best practices for cyber fraud detection and information sharing.

Awards & Recognition

"Fraudster tactics continually evolve to stay a step ahead of detection – and the most sophisticated fraudsters can operate at scale in organized crime rings, generating significant losses for the payments industry. It is imperative that payments industry stakeholders work together, share information and keep up with the threat.”

The Federal Reserve
"Payments Fraud Insights", July 2020