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New Account Fraud Detection demo

Each new account's first 90 days on one line, read by three agents; a ring of accounts restricted as one checked decision 1:32

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What the demo shows

Fraud teams spot stolen-identity, mule and bust-out deposit accounts in their first 90 days

An onboarding agent re-reads the partner's account-opening file (identity evidence, device, IP, email age, stated occupation and expected activity) against what the account has done since; a behavior agent draws days 0 to 90 as one line and says in one sentence what shape it is; a link agent finds accounts that share a device, phone, email, address, payments or check stock across partners. The action agent proposes keep monitoring, restrict or close, with reason codes and Reg CC hold reasons, for one account or a whole ring. A Fraud Analyst decides, the Fraud Operations Lead checks, the notice agent drafts each partner's notice with anything that would reveal a referral removed, and the BSA referral goes to a restricted queue.

Transcript

  1. New Account Fraud Detection helps fraud teams catch bad deposit accounts in their first ninety days.
  2. Half the institutions in a Federal Reserve survey found mule accounts only after losses.
  3. Jordan Kell opened through Fernway nineteen days ago; each event is a dot.
  4. The agents read the shape: small deposits, then a sixty-two hundred dollar check today.
  5. The onboarding agent re-reads Fernway's file: wages expected, a roofing company's check arrived.
  6. The link agent finds the device behind four more accounts and one check book.
  7. Marisol restricts all five as one action, with reason codes.
  8. Grant checks and approves; partner notices are drafted, the BSA referral stays restricted.
  9. Fernway sees the notice its agreement requires, never the referral.
  10. Every step is on the record for FDIC and state examiners.
  11. Nineteen thousand dollars in bad checks held; five accounts stopped in one decision.
  12. Built on Botminds: agents, data, screens and governance on one platform.

The narration as written for the film. Captions are on the player.