"The issue around identifying targeted analysis for anti-corruption is you just can't look at one data source," says Vince Walden, a partner at Ernst & Young with responsibility for fraud investigation and dispute services. "When you're looking for potentially improper payments that could be
With big data financial and transactional data no longer in silos, we can now look at them together. Vince Walden, Ernst and Young partner, says that big data technologies allow them to look at data from all angles.
Ernst & Young (EY) uses IBM BigInsights platform to leverage big data and analytics to combat fraud. By running test queries across multiple transactions they can identify fraudulent transactions and mitigate risk for its customers.