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Banking

Fraud prevention and credit risk for banks.

Lend to people legacy credit scores barely know and open accounts in minutes, without letting stolen and synthetic identities in.

Up to 15%fewer losses on its riskiest business customersA leading bank

Bank fraud statistics: what banks are up against.

Fraud is growing, and generative AI is speeding it up.

  1. Generative AI

    $40 billion

    in US fraud losses that generative AI could enable by 2027

    Up from $12.3 billion in 2023: 32% more every year.

    Source: Deloitte Center for Financial Services, May 2024

  2. Scams

    $15.9 billion

    reported lost to fraud by US consumers in 2025

    From 3 million fraud reports to the FTC.

    Source: US Federal Trade Commission, March 2026

  3. Cybercrime

    $20.9 billion

    in losses reported to the FBI in 2025

    Investment fraud was the largest part of it.

    Source: FBI, 2025 Internet Crime Report

Fraud and credit risk in banking: where banks lose good customers.

  1. Good customers legacy credit scores miss.

    With Monnai

    Get a risk score from their phone, email and digital footprint.

    Credit risk
  2. Stolen and synthetic identities that pass KYC.

    With Monnai

    Check that the phone, email and ID belong together.

    New account fraud
  3. Trusted accounts, taken over.

    With Monnai

    Spot an ownership change or an operator move before the money moves.

    Account takeover

Get answers about banking

How do banks prevent fraud at account opening?

Check the person, not just the papers. A synthetic identity can pair a real ID number with an invented name, so document and record checks let it through. Monnai checks that the phone, the email and the ID belong together, and how long the phone and email have existed.

How can banks detect account takeover before money moves?

Check the phone behind every sensitive action. A number with a new owner and a reset password can hand a loyal customer’s account to someone else. Before a reset or a transfer, Phone Intelligence flags an ownership change or an operator move, so you step up checks only when the risk is real.

Can banks score customers who have no credit history?

Yes. Young people, newcomers and the self-employed often have a thin or empty credit file. Monnai scores them from their phone, email and digital footprint, and returns a Risk Score from 0 to 999, where higher means riskier, with up to five reasons in plain words.

Do banks need to replace their credit scores or KYC checks to use Monnai?

No. Monnai adds to the stack you already run: it scores the people legacy credit scores miss and catches the fraud your rules let through. Its insights, Risk Score and 500+ fields feed your own decision engine and models, through one API.

Can a bank test Monnai on its own data before signing?

Yes. Send past applications or transactions: we score them offline, with no integration on your side, and your full report comes back within 5 business days. A data processing agreement (DPA) is signed before any data moves.

Let us prove it. Test us on your data.

Send past applications or transactions. We score them and send back a full report: every score with its reasons, and the uplift for your portfolio.

5 business days to your full report. We commit to it.