Increasing the effectiveness of check and ACH fraud detection with ARGO's OASIS
The ARGO Fraud solution, OASIS™ (Optimized Assessment of Suspicious Items), provides cross-channel, multi-fund analytics and adjudication workflow to detect fraudulent transactions and suspicious items. This document summarizes the results of six customer case studies, quantifying the return on investment (ROI) lift prospective ARGO customers can expect from implementing OASIS Fraud.
One study at a top ten national bank produced the following results:
- OASIS achieved a 96 percent detection rate using metadata analysis and image analysis.
- The average daily false positive rate declined dramatically from 1,250 with the legacy system to only 250 with OASIS, reducing analyst review labor costs by 80 percent.
Download the Projecting ROI Lift with OASIS Fraud Detection interview brief to read more about our fraud detection success with OASIS.