Customer Success Stories

A Lyfense Success Story
Stopping Money Mules

A major financial institution was losing €7 million annually due to money mule operations. Through its partnership with Lyfense, they dramatically reduced losses and significantly strengthened their fraud prevention program and achieved remarkable results.

65%

Annual Detection Rate (ADR): Identifying fraudulent money mule accounts with high accuracy.

70%

Value Detection Rate (VDR): Successfully intercepting a large volume of money mule transactions.

< 0.1%

Minimal False Positives: Only 10 genuine transactions flagged per 10,000 processed.

Insights from Our Clients

We chose Lyfense due to its advanced Al and performance in predicting and identifying fraud. We found Lyfense to be the fastest, with the highest accuracy and the fewest false positives. Over the years, Lyfense has been and continues to be a trusted and reliable technology partner.”