A recent WSJ Article highlights advances made in the area of fraud detection and management at Visa by using Big Data techniques. The company estimates that their models have helped identify at least $2 billion worth of annual fraud, and have also given it the chance to address those vulnerabilities before that money was lost.

Financial services companies with operations spanning retail banking and credit cards must not only implement highly sophisticated and automated business operations but also must ensure that their business activities are transparent to business process owners, auditors and others. ... Read full story on Wall Street & Technology

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