About Wells Fargo
Wells Fargo, the world’s second-largest bank by market cap and the fourth-largest in the U.S. by assets, uses FICO’s Falcon Fraud Manager and Couchbase’s NoSQL database for its fraud monitoring infrastructure. By applying machine learning to internal and third-party data, the bank adapts to sophisticated fraud attacks in real time. Today, 100% of transactions totaling 50+ million per day are processed for fraud in real time at less than 10 ms per operation.
STORY HIGHLIGHTS
- Now protects Debit PIN, Debit SIG, and Deposit vs. just Debit PIN
- Processing 100% transactions in real time for fraud vs. 18% in previous system
- 50M+ transactions per day vs. 4M+ in previous system
- <10 ms for read or write operations for majority of transactions
KEY RESULTS
50M+
transactions per day
<10MS
for read or write operations
100%
of transactions processed in real time