The Association of Certified Fraud Examiners reported that organizations lose about five percent of their annual revenues to fraud, putting potential global fraud losses near $4 trillion. With technology driving the growth of fast fraud and creating new opportunities for exploitation of fraud prevention systems, financial institutions need innovative ways to plug any weaknesses in their fraud safeguards to stem the losses banks and credit unions experience daily. Recognizing that technology had a vital role to play in detecting and preventing fraud, while also improving customer experience, Origin Bank set about building the business case for change.
Origin Bank, is a Louisiana-chartered bank that provides a broad range of traditional banking services and is more than a century old. It has more than 40 banking centers located throughout Louisiana, Texas, and Mississippi. Origin Bank is a wholly owned subsidiary of Origin Bancorp, Inc., a financial holding company with assets of more than $4 billion.