Real-Time Fraud Detection and Streaming Intelligence for Financial Services on AWS

A joint solution by Noventiq and Ververica

Financial crime doesn't wait. Every second a fraudulent transaction goes undetected, the cost grows — not just in monetary loss, but in eroded customer trust, regulatory exposure, and reputational damage. With global card fraud losses reaching $33.83 billion in 2023 and projected cumulative losses of approximately $404 billion over the next decade, the financial services industry can no longer afford to rely on batch processing and reactive detection.

That's why Noventiq and Ververica have joined forces on AWS to deliver a real-time streaming intelligence platform purpose-built for banks, insurers, and fintechs.

The Challenge: Batch Is Too Slow, Silos Are Too Costly

Financial institutions today face a perfect storm of pressures:

• Escalating fraud and cybercrime — attackers operate in milliseconds; batch-based detection finds losses after the fact
• Stricter regulatory requirements — Basel III, GDPR, AMLD, PSD2, and DORA demand continuous monitoring and auditability
• Rising mainframe costs — legacy batch architectures drive spiraling MIPS-driven operating expenses
• Customer expectations — over 70% of digital banking customers expect real-time, personalized services

CIOs need scalable architectures that modernize without adding complexity. Risk and compliance leaders need to spot anomalies instantly and maintain full auditability. Chief data officers need platforms that turn transactional and behavioral data into actionable insight — in real time.

The Solution: Streaming Intelligence on AWS

Noventiq and Ververica on AWS provide a unified streaming data platform that processes events as they happen. The solution supports low-latency analytics, machine learning, and event-driven workflows for:

• Fraud detection — real-time analysis of transactional data to detect abnormal behavior, trigger proactive alerts, and minimize financial loss
• Compliance monitoring — continuous regulatory reporting with full lineage and audit trails
• Customer 360 — rolling behavioral profiles that power personalization, churn prediction, and next-best-action recommendations
• Mainframe offloading — replacing costly batch jobs with streaming architectures, reducing MIPS costs by 80–90%

How It Works

The architecture leverages the best of AWS-native services combined with Ververica's enterprise-grade Apache Flink® platform:

1. Data Ingestion — Amazon MSK and Kinesis Data Streams capture events from core banking, payments, digital channels, and third-party sources
2. Stream Processing — Ververica's Unified Streaming Data Platform applies stateful complex event processing (CEP), enrichment, and sliding-window analytics in real time
3. AI/ML Scoring — Amazon SageMaker endpoints deliver real-time risk scores; Amazon Bedrock enables GenAI-powered investigative summaries and narrative compliance reports
4. Storage & Analytics — Amazon S3, Redshift, and Glue provide the data lakehouse for regulated reporting and historical analysis
5. Action & Alerting — EventBridge, SNS, and Lambda orchestrate automated responses — blocking transactions, escalating cases, and notifying analysts within milliseconds

The result: fraud decision latency under one second (p95), continuous compliance datasets delivered on cadence, and platform reliability of 99.5%+.

Why Noventiq and Ververica?

This isn't a generic cloud migration. It's a purpose-built partnership for regulated industries:

Noventiq brings deep AWS expertise — an AWS Premier Partner since 2013 with 250+ AWS certifications, 27 AWS service validations, and proven delivery across migration, security, AI/ML enablement, and governance. Noventiq ensures seamless integration into enterprise AWS environments with full compliance alignment.

Ververica — the creators of Apache Flink® — contributes the streaming platform depth, enterprise support, and financial services domain expertise needed to make real-time applications production-ready. With deployment options including self-managed (VVP), fully managed SaaS (VVC), and Bring-Your-Own-Cloud (VVC BYOC), Ververica meets institutions wherever they are on their data sovereignty and compliance journey.

Together, we offer a credible, proven path to real-time intelligence for regulated industries.

Business Outcomes That Matter

The solution delivers measurable impact across the organization:

• Faster fraud detection — sub-second latency replaces hours or days of batch lag
• Reduced fraud losses — proactive blocking before transactions clear
• Lower compliance costs — automated reporting replaces manual, error-prone processes
• 80–90% mainframe cost reduction — streaming replaces expensive MIPS-driven batch workloads
• 10–20% uplift in customer engagement — real-time personalization drives retention and cross-sell
• Operational agility — adapt quickly to new regulations, market shifts, and customer behaviors

Flexible Deployment for Every Institution

Whether you're a Tier-1 global bank requiring full data sovereignty, a fast-moving fintech prioritizing speed to market, or a regional insurer navigating complex cross-border regulations, the solution adapts:

• Ververica Platform (VVP) — full control, deployed on your AWS infrastructure (EKS/EC2), ideal for mission-critical workloads with strict compliance mandates
• Ververica Cloud (VVC) — fully managed SaaS for rapid innovation, launch streaming pipelines in minutes without operational overhead
• Ververica Cloud BYOC — SaaS simplicity with data governance control, sensitive data never leaves your environment while benefiting from Ververica's managed control plane

Get Started: From Workshop to Production

We believe in proving value fast. Our engagement model is designed to deliver tangible outcomes within weeks, not years:

1. Use Case Workshop — Define your first production-ready streaming scenario with our financial services specialists
2. Pilot — Deploy a focused fraud detection or compliance automation pilot with measurable KPIs
3. Scale — Expand to Customer 360, mainframe offloading, and cross-border monitoring

This phased approach ensures financial institutions can confidently modernize legacy systems, adopt real-time AI/ML, and achieve measurable business outcomes — with clear ROI at every stage.

Ready to Move Faster Than Fraud?

Batch fraud detection finds losses. Real-time fraud detection prevents them.

If you're a CIO, Chief Risk Officer, Head of Compliance, Chief Data Officer, or Digital Banking Executive looking to transform your institution's approach to fraud, compliance, and customer intelligence, let's talk.

→ Contact us to schedule a use case workshop

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