# Abanca. Money mule and SIM swapping, detected without impacting customer experience.

> Abanca: location joins mobile banking fraud prevention. Location-based fraud prevention, in production at a Galician bank.

URL: https://www.ironchip.com/en/customers/abanca

Banking · Spain


Abanca

**+8,000** employees

Banking

Sector

Fraud detection by behavior, location, and device

Deployment

## The challenge

Abanca was facing growing complexity of banking fraud, with threats like money mule and SIM swapping difficult to detect with traditional systems. Lack of visibility into location, device and behavior limited real-time anomaly detection and made it hard to distinguish legitimate from fraudulent access in critical operations. Security needed to be strengthened without affecting the user experience.

## The solution

Continuous analysis of user behavior incorporating location and device as identity factors. Every operation is scored in real time against the customer's usual places and the entity's rules, transparently for the end user.

- Fraud detection platform
- Datasource SDK
- Fraud Detection API

## Results

**Detection of multiple fraud cases such as money mule and SIM swapping.**

**Real-time identification of anomalous access by behavior, location, and device.**

**Greater ability to distinguish between legitimate users and fraudulent activities.**

> Ironchip implements its product at a critical authentication point in a straightforward and cost-effective way, with a user experience difficult to find today.
>
> Fátima Cereijo, Fraud Control and Privacy Manager, Abanca

## Test the location-based fraud detection in your organization.

On your own operations and with your fraud team, before touching your customers' app.

[Request a pilot](https://www.ironchip.com/en/talk-sales) [See other cases](https://www.ironchip.com/en/use-cases)