Hunting the elusive black swan that is a fraudulent high-value payment requires a meticulous process of refining the fraud detection methodology to accurately identify the small variances in usual customer patterns. See how spotting elusive black swans requires the right tools to spot variances in
Incumbent fraud-detection models just aren’t up to the task of revealing black swans in high-value payment channels managed by financial institutions. See how the key to identifying the fraudulent activity that is a black swan in your flock comes down to understanding and spotting the deviations of
Countering fraud is an ongoing process in the world of finance, but it need not be an overwhelming one. When identifying fraudulent activity amid the millions of transactions that flood financial networks, IBM Safer Payments offers ways to help manage workloads while avoiding false positives.
According to a 2015 survey of 500 banking and finance executives, cybersecurity and fraud top the agendas of 80 percent of institutions—yet only 56 percent of executives believe that their own organizations have a handle on fraud threats. Counter fraud experts Wilson Davis and David Dixon, authors
Financial crime will surely become increasingly prevalent as it grows more sophisticated than ever. But businesses don’t have to accept financial crime. They need to get to know it and minimize it by identifying and understanding their customers. Rule- or profile-based search engines that many
Insurance fraud has a very real impact on the average person, considering the $950 price tag per family in the United States. But fighting fraud gets harder every year. What are your stumbling blocks? Get started on your counter fraud management journey with this infographic.
The safety of personally identifiable information (PII) is becoming more precarious as criminals find ways to profit from scams. However, insurance agencies are fighting back by using big data more effectively to uncover nefarious schemes.
For decades, IBM has been assisting organizations that are responsible for protecting nations, cities and economies from the changing threat landscape, both natural and human-created. Watch this video to learn more about IBM i2 Safer Planet Portfolio.
Your mission, should you choose to accept it, is to network, learn and do at the IBM i2 Summit for a Safer Planet. Learn why you can’t afford to miss this opportunity to explore the future of intelligence and the art of the possible.
Armed with the most relevant information on patterns, relationships, vulnerabilities and potential scenarios, analysts can then quickly assimilate insights and take actions to confidently make mission critical decisions.
Existing customers are worth retaining. Organizations have the ability to cross-sell and up-sell to their existing customers, which is why these organizations must keep in mind a customer’s lifetime value.