Most banks don't have a fraud detection problem anymore. They have a fraud investigation problem, and it's quietly eating their analysts alive.
Here's a number that reframes the whole conversation. In most banks, more than 90% of transaction-monitoring alerts are false positives. In some systems, it climbs past 98%.
Sit with that for a second. For every hundred alerts a fraud team works through, ninety-plus lead nowhere. And yet each one still gets the full treatment: an analyst pulls the transact
