CASE STUDY | PERSONAL FINANCE
Unlocking Payments Automation Without Increasing Fraud
Astra, an innovative automation platform that helps consumers manage their finances found early indications that fraudsters were attempting to misuse their platform. To mitigate the associated risk, they introduced a default limit of $100 on all money movement transactions which limited the utility of the automated routines for consumers. To address the situation properly, Astra had to answer a question plaguing the overall fintech market — How do we raise limits to improve usability without opening the door for more fraud?