Uncovering 2023's Fraud Risk Mitigation Secrets
First National Bank Omaha (FNBO) is a subsidiary of First National of Nebraska. It is the largest privately held bank subsidiary in the United States. Before Pindrop, FNBO relied heavily on one-time passwords (OTPs) even with genuine customers. Within the first year into the Pindrop relationship, FNBO experienced significant results:
- 4,000-5,000 fraudulent calls a month are now going directly to the Fraud Team
- OTP usage went down by 75%
- Overall AHT decreased by 30 seconds