With the advent of graph databases, new and innovative methods of connecting the data in realtime can be utilized to stop frauds from occurring in the first place. In addition, this can be achieved in realtime.

The way to detect fraud is to augment the already-existing fraud-detection infrastructure with data about the entity and its links that is returned by queries executed on graph databases.

In addition, it always pays off to run checks again using graph databases during customer on-boarding and account-creation life cycles to detect any ring members or fraudulent emails or phone numbers.

Realtime graph traversals tied to the right kinds of events can help banks identify probable fraud rings, during or even before the Bust-Out occurs.