Historically, bank robberies could be violent episodes perpetrated by armed criminals. But in today’s digital era, bank robberies and other fraudulent crimes are being committed through highly sophisticated technological means cleverly disguised as legitimate transactions. Take a look at how
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
Banks need a good strategy to keep from being blitzed by money laundering. Banking analytics can give financial institutions the offensive strength to put money laundering on the run—and keep it that way.
When combating smart criminals, smart analytics is one tool that the financial sector can’t afford to ignore. Not only by avoiding the direct effects of fraud but by avoiding regulatory costs, context-based computing can help banks evaluate the legitimacy of entities and identify their connections