Financial services firms focused on fraud prevention
Financial services firms investing in online and mobile banking services are putting more resources into fraud prevention than their contemporaries.
Increased mobile device use is particularly problematic here, as the technology is rising quickly and pushing organizations to change quickly. As a result, the need for security advances is acute.
Many traditional user identification methods don’t work with mobile users, forcing alternative options to emerge.
Analytics can use data histories alongside real-time user information to identify potential fraud and flag suspicious activities. Instead of relying on humans poring over huge quantities of complex data, you can use the GDS Link platform to delve into structured and unstructured information to pinpoint signs of fraud. Contact us to learn more.
Related Fraud Articles
- Fraud Detection & Prevention Automation Software
- How Banks & Credit Unions Need to Treat Fraud Management in 2022
- FinTech Fraud Challenges
- Fraud Detection Using Machine Learning Fraud Models
- Is That Fraud, Brian?
Related Banking Articles:
- Bank vs. Non-Bank Lending: Threats Facing These Institutions
- 5 Ways to Leverage Banking Analytics for Better Decision Making
- How Bank Marketing Must Adapt to Modern Lending Consumers
- The Benefits and Risks of Mobile Banking
- 10 Key Benefits of Digital Banking for Users
- How Banks & Credit Unions Need to Treat Fraud Management in 2022
- Digital banking: Opportunities and Challenges
- The (real) opportunities for the banking industry post-COVID-19
- How Bank Marketing Must Adapt to Modern Lending Consumers
- Reach a Wider Customer Base with Bank Transaction Data
- Traditional Banks and the Arrival of Digital Banking
