How to Prevent Banking Fraud - Clark Frogley

In this lightboard video, Clark Frogley, Global Head of Fraud Solutions at Quantexa, explains how contextual data is reshaping the way banks prevent, detect, and investigate fraud.

Banking fraud is evolving rapidly. Fraudsters are exploiting new technologies to scale their activity and stay ahead of traditional controls. While banks continue to invest in advanced fraud tools, losses are still rising, largely because fraud data remains fragmented across siloed systems.

Quantexa addresses this challenge by connecting internal and external data through Entity Resolution, creating a single, trusted view of customers, accounts, and networks. Combined with Graph Analytics, this approach enables banks to uncover complex, hidden patterns that traditional rules and alerts miss. 

Using a practical banking fraud scenario, Clark demonstrates how Quantexa identifies a controlling mind behind a fraud network and uncovers an insider threat, showing how context is critical to stopping even the most sophisticated fraud schemes.