Fraud is constantly evolving, leveraging new technologies and spreading across states before anyone sees it coming. From identity theft and document manipulation to suspicious financial transactions and organized scam networks, criminals are now using a variety of tactics to commit financial crime. As a result, how can businesses, financial institutions, fintech companies, lenders, marketplaces, and even researchers stay ahead of fraud rather than always playing catch-up?
That’s where Prembly’s Fraud Bank comes into the picture. The first real-time fraud intelligence database in Nigeria designed to help businesses, institutions, and researchers detect fraud signals, monitor trends across all 36 states, and prevent repeat fraudulent activity before damage occurs.
The Growing Fraud Problem Across Nigeria
Fraud is not limited to a specific region; it is a challenge that several states and industries across Nigeria have been battling. This fraud manifests in multiple ways such as identity fraud during onboarding, document forgery and manipulated credentials, suspicious transactions and mule accounts, repeat fraud attempts using recycled phone numbers or email addresses, and device and IP-based fraud patterns.
Many traditional systems usually respond after the fraud has taken place. Therefore, by the time the fraudulent activity is identified, the damage has already been done. This means businesses in Nigeria need to implement systems that shift them from reactive to proactive. These systems should offer real-time fraud intelligence, location-based fraud visibility, a continuously updated database of known fraud signals, and the ability to stop repeat offenders early. That is exactly what Prembly’s Fraud Bank delivers.
What Is Prembly’s Fraud Bank?
Prembly’s Fraud Bank is a continuously updated fraud intelligence database that provides real-time insights into fraudulent activities across Nigeria. It contains structured, vetted intelligence on known fraud indicators such as email addresses, phone numbers, bank account numbers, device fingerprints, and IP addresses that have been linked to suspicious or confirmed fraudulent activity. So, rather than businesses relying on fragmented reports and isolated investigations, the Fraud Bank creates a centralized, structured repository of fraud intelligence.
What makes it different from a static fraud list is that it is continuously updating its repository, ensuring that new fraud patterns and signals are captured and monitored in real time. Also, all information that is added to the Fraud Bank is vetted before inclusion, ensuring that it is accurate. For businesses, this means they no longer have to make risky decisions in the dark because they can quickly verify if a digital footprint has been associated with fraud in the past.
How the Fraud Bank Works
Here’s how Prembly’s Fraud Bank works to help businesses monitor fraud trends across different locations:
Fraud Repository & Monitoring:
The Fraud Bank contains information on fraud signals such as phone numbers, bank accounts, device fingerprints, and IP addresses that have been associated with fraudulent activity. This allows users to understand the types of fraud occurring in different locations and the number of incidents reported in each area in real time. Users can also visit the dedicated page on our website to search and monitor fraudulent activities in their location instantly.
Fraud Reports:
Users can submit reports of fraudulent activity directly to the Fraud Bank. However, every submission goes through a vetting process before it becomes part of the database. Therefore, when the report has been properly vetted, it is then approved and added to the Fraud Bank. This process ensures accuracy, credibility, responsible data handling, and protection against false accusations.
Fraud Scan:
Beyond monitoring trends, users can actively investigate risk using Prembly’s Fraud Scan tools. This can be done in three ways.
ID Scan: Organizations can conduct a search by using identifications such as BVN, NIN, and passport numbers. This determines whether an identity has previously been flagged in connection with fraudulent activity.
Image Scan: Users can upload an image to conduct biometric fraud detection. This helps detect identity misuse, duplicate biometric patterns, and suspicious identity reuse. Biometric intelligence adds an extra layer of fraud protection that goes beyond text-based searches.
Bulk Search & Upload: Businesses managing high volumes can upload a CSV file to scan multiple records at once. This is ideal for financial institutions, lending platforms, fintech companies, marketplaces, and compliance and risk teams. It helps businesses achieve scalable fraud detection without slowing down operations.
Built for Businesses, Compliance Teams & Researchers
Prembly’s Fraud Bank is designed to serve multiple stakeholders within Nigeria’s digital and financial ecosystem.
For businesses, this helps stop repeat fraud attempts early, reduce financial losses, strengthen onboarding processes, improve customer risk assessment, and complement KYC and identity verification systems. Identifying repeat fraud signals early helps organizations reduce risk and reinforce digital trust.
For compliance and risk teams, this enables them to monitor suspicious activity patterns, support regulatory compliance, improve due diligence processes, and access structured fraud intelligence. Having access to real-time fraud data enhances internal controls and enables the compliance team to demonstrate a more proactive approach to risk management.
Researchers can study fraud trends across Nigerian states, analyze evolving fraud patterns, reference real-time fraud intelligence in academic work, and support theses and policy research with credible data. Having access to organized fraud intelligence supports well-informed research and policy debates.
With Prembly’s Fraud Bank, organizations can access verified fraud data, real-time monitoring, location-specific insights, and advanced scanning tools designed to reduce risk and improve decision-making. Explore Prembly’s Fraud Bank today to run a fraud scan, submit a verified report, and strengthen your fraud prevention strategy.
