Business intelligence for banking

Discover how our business intelligence team helped a neobank reduce financial losses caused by frequent fraudulent activities, identify new revenue streams, improve operational efficiency, and optimize the customer experience.

  • industry


  • Country


  • team size


  • Collaboration

    2020 — present

About the client

Our client is a US-based neobank that has been gaining popularity among young people thanks to their app’s visuals, functionality such as cashback and rewards, and collaborations with popular streaming platforms, online services, and restaurants. One of the bank’s killer features is a comprehensive wealth management module with an educational component that helps customers track their expenses, analyze their spending habits, and carry out financial planning. 

Business context

Our client identified substantial financial losses caused by fraudulent activity. Fraudsters took advantage of transaction processing times to withdraw money and then request refunds from the bank. In addition to this scheme, analysts recognized more fraudulent activities that required urgent fraud prevention solutions to:

  • detect suspicious activities and behaviors  
  • automatically block fraudulent activities 

Solution overview

  • Building a reliable fraud-prevention system

    For this, Yalantis specialists:

    • developed a custom rule-based fraud detection module to prevent or minimize suspicious activities and mitigate the risk of a successful fraud attack
    • utilized business intelligence (BI) best practices to reduce fraud-related financial losses by improving fraud monitoring, providing data-based foundations for blocking suspicious activities, and accelerating decision-making 
  • Implementing business intelligence tools

    We integrated the client’s solution with business intelligence tools including Amazon Redshift and Amazon QuickSight. We also:

    • duplicated the production database to carry out all analytical activities on a copy of the database. This way, we minimized the impact on the production database and preserved its stable performance. 
    • integrated all tools and set up a proper data exchange flow among them through multilayered SQL scripts written in Python to analyze relevant real-time data.
    • created dashboards with real-time data visualization and enabled advanced custom report generation using Amazon QuickSight. 
    • implemented charts to visualize historical data and trends, revealing anomalies and atypical behavioral patterns. 


  • Reducing financial losses through data-based fraud identification

    After implementing business intelligence processes, our BI specialists:

    • analyzed historical data, identified patterns of fraudulent behavior, and pointed out all possible vulnerabilities in the client’s security system and business logic
    • used BI insights to develop a system of rules with threshold-based metrics to help signal potential fraud attacks 
    • implemented a rule-based fraud protection module to block possible fraudulent operations and prevent the client from losing money 


  • Automating business processes

    Having analyzed business processes based on their level of complexity and resource consumption, our experts:

    • segmented all processes and evaluated the need for manual intervention
    • automated business processes that don’t require human intervention in order to unburden staff, increase their productivity, and improve operational efficiency

Value delivered

We’ve achieved the following results with the implementation of business intelligence:

  • 40% decrease in fraud-related financial losses per quarter thanks to the rule-based fraud prevention system

  • 5% increase in the user adoption rate within a quarter thanks to new revenue streams

  • Better operational efficiency and human resource optimization thanks to process automation


Yalantis will help you implement business intelligence and set up all necessary data analytics processes

Book a consultation