Corporate Banking Fraud: A Growing Threat
Business email compromise, payment fraud, and account takeovers pose significant risks to corporate banking operations.
$43 Billion
Global losses from business email compromise (BEC) fraud since 2016, according to the FBI.
$125,000
Average transaction value of corporate payment fraud attempts, 11x higher than retail banking.
78%
Of companies experienced attempted or successful payments fraud in the past year.
Amount
$245,000.00
Beneficiary
New recipient
Country
High-risk jurisdiction
Approval
Single approver
Risk Factors:
Corporate Banking Fraud Challenges
Corporate banks face unique challenges in fraud detection due to complex payment flows, high transaction values, and sophisticated fraud schemes.
- Complex Payment Structures
Multi-entity transactions, cross-border payments, and complex approval workflows create detection blind spots.
- High-Value Transactions
Corporate transactions often involve millions of dollars, making each fraud incident potentially catastrophic.
- Sophisticated Attacks
Corporate clients face targeted attacks like business email compromise and insider fraud that bypass traditional controls.
How SpottedAI Secures Corporate Banking
Our explainable AI platform helps corporate banks detect sophisticated fraud while maintaining operational efficiency.
Detect Anomalous Payment Patterns
Our AI models analyze historical payment behaviors, approval workflows, and beneficiary relationships to identify suspicious deviations.
Explain High-Risk Decisions
Provide clear explanations for flagged transactions, helping treasury teams and fraud analysts quickly understand and act on alerts.
Reduce False Positives by 70%
Our contextual understanding of corporate payment flows reduces false alerts, minimizing disruption to critical business operations.
Adapt to Emerging Threats
Our models continuously learn from new data, helping banks stay ahead of evolving fraud tactics targeting corporate clients.