Analytics vital in mobile banking fraud prevention [Video]

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.

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