Advanced Fraud Solutions Named to Triad Business Journal Fast 50 List of Fastest-Growing Companies

FOR IMMEDIATE RELEASE

Triad fraud prevention company joins region’s top growth performers as financial institutions battle increasingly sophisticated criminals

Greensboro, NC  – Advanced Fraud Solutions (AFS) has earned a spot on the Triad Business Journal’s 2025 Fast 50 list of fastest-growing privately held companies. The fraud prevention software company, which serves over 1,200 financial institutions nationwide, received the recognition as banks and credit unions invest heavily in fraud detection systems to combat increasingly sophisticated criminal operations.

To qualify for the Fast 50, companies must demonstrate at least $2 million in annual revenue and three years of consistent growth. Smith Leonard CPAs validates all financial data using comprehensive dollar and percentage growth metrics.

“Financial institutions face an escalating arms race against fraudsters who adapt their tactics monthly,” said Lawrence Reaves, CEO of Advanced Fraud Solutions. “Institutions that once relied on basic rule-based systems are now investing significantly in technology that can stop fraud before it hits the bottom line.”

Growth Driven by Market Transformation

AFS’s rapid expansion reflects broader industry shifts. Today’s fraudsters operate sophisticated networks that easily circumvent traditional detection systems, forcing financial institutions to modernize their security approaches or face mounting losses.

The company’s breakthrough AI platform functions like having experienced fraud investigators, veteran tellers, and risk managers simultaneously analyzing every transaction. While no human team could process such volume, the AI identifies suspicious patterns in real-time that might take investigators weeks to uncover manually.

Strategic partnerships with industry leaders including Lumin Digital, Tyfone, and Candescent have expanded AFS’s market reach, bringing enterprise-level fraud protection to mid-size and community financial institutions previously unable to access such advanced capabilities.

“We’re witnessing a fundamental shift in fraud prevention strategy,” said Jordan Bothwell, Chief Partnership Officer. “Instead of detecting fraud after it occurs, institutions require real-time systems that stop criminals before they can steal from account holders.”

Regional Recognition Among Established Leaders

The Fast 50 designation places AFS alongside notable regional companies including Sunrise Technologies, which has appeared on the list for 19 consecutive years, and Tencarva Machinery with 21 appearances—impressive company for a technology-driven fraud prevention firm.

AFS built its competitive advantage around collaborative intelligence: aggregating fraud data from over 1,200 financial institutions to identify criminal patterns that no single bank could detect independently. This network approach enables the system to spot fraud rings operating across multiple geographic markets and institution types.

The company’s comprehensive protection covers all banking channels—teller transactions, ATM deposits, back office processing, ACH transfers, and online banking. Their product suite includes TrueChecks for check fraud prevention, TrueACH for unauthorized transfer protection, TrueWire for wire transfer verification, and Positive Pay by AFS for business account security.

About Advanced Fraud Solutions

Advanced Fraud Solutions provides comprehensive deposit fraud prevention software to financial institutions nationwide. The company’s consortium-powered and AI enabled framework protects teller, ATM, back office, batch processing, ACH, and online banking channels using collaborative intelligence from over financial institution partners. Headquartered in the Triad region of North Carolina.