$10.0M 144%
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© 2021 Forrester Research, Inc. All rights reserved. Forrester is a registered trademark of Forrester Research, Inc. Commissioned By Read the full study 15 The Total Economic Impact ™ Of IBM Safer Payments Through five customer interviews and data aggregation, Forrester concluded that IBM Safer Payments has the following three-year financial impact. This document is an abridged version of a case study commissioned by IBM titled: The Total Economic Impact Of IBM Safer Payments, January 2021. SUMMARY OF BENEFITS Three-year risk-adjusted $1.3M Fraud prevention savings Operational savings from fewer false-postives Legacy system avoided costs $xxxK $xxxK $2.7M “One of the things that really attracted us to Safer Payments was the ability to use artificial intelligence to make a decision in milliseconds.” SVP, digital payments, financial services “The beauty of Safer Payments is the confidence that we have in the rules and the models and the ability to detect fraud very, very fast with low false positives.” Chief security officer, banking VOICE OF THE CUSTOMER IBM SAFER PAYMENTS BY THE NUMBERS Reduces average basis points lost to fraud from 25 to 19 in year one. Improved model accuracy reduces false-postive rates by up to 77%. Avoids $230K annually in ongoing licensing costs. $13.0M $10.0M 144% <6 months ROI NPV PAYBACK
Transcript of $10.0M 144%
© 2021 Forrester Research, Inc. All rights reserved. Forrester is a registered trademark of Forrester Research, Inc.
Commissioned By
Read the full study
15
The Total Economic Impact™ Of IBM Safer PaymentsThrough five customer interviews and data aggregation, Forrester concluded that IBM Safer Payments has the following three-year financial impact.
This document is an abridged version of a case study commissioned by IBM titled: The Total Economic Impact Of IBM Safer Payments, January 2021.
SUMMARY OF BENEFITSThree-year risk-adjusted
$1.3M
Fraud prevention
savings
Operational savings from fewer
false-postives
Legacy system
avoided costs
$xxxK
$xxxK
$2.7M
“One of the things that really attracted us to Safer Payments was the ability to use artificial intelligence to make a decision in milliseconds.”SVP, digital payments, financial services
“The beauty of Safer Payments is the confidence that we have in the rules and the models and the ability to detect fraud very, very fast with low false positives.”
Chief security officer, banking
VOICE OF THE CUSTOMERIBM SAFER PAYMENTS
BY THE NUMBERS
Reduces average basis points lost to fraud from 25 to 19 in year one.
Improved model accuracy reduces false-postive rates by up to 77%.
Avoids $230K annually in ongoing licensing costs.
$13.0M
$10.0M
144%
<6 months
ROI
NPV
PAYBACK
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