Accelerate Insight for Financial Services: Reduce Risk. Stop Fraud. Increase Profits. [ Source: ParAccel ]
October 2010- Financial services organizations face immense hurdles in maintaining profitability, building competitive advantage and meeting service levels for customers and in-house staff. All of these can be severely impacted through a widening variety of risk factors, including regulatory risk, criminal risk, macroeconomic risk, etc. Increased demands from customers, regulators and shareholders are also driving financial services businesses to seek new ways to simultaneously sharpen investing prowess, minimize risk and fraud, and improve compliance and customer service ...

Common Point of Purchase Compromises: The Evolution of the Fraudster [ Source: Detica ]
November 2010- World-wide credit card fraud losses continue to rise at an alarming rate. Counterfeit activity resulting from cards compromised at either ATM or POS, continues to damage consumer confidence and industry revenues. Major data compromise incidents, potentially resulting in significant fraud losses and which place large numbers of accounts at risk, are becoming more commonplace.

Despite the industry’s repeated attempts to build more secure systems and better analytical models, fraudsters continue to evolve ...

First Party Fraud in Retail Banking [ Source: Detica ]
November 2010- Banks can significantly reduce their bad debt levels and collections expenses, by identifying first-party fraud cases before they reach collections. Advanced network analytics is the key to early detection and prevention of threats before they result in large losses.

First-party fraud occurs when customers apply for credit cards, loans, overdrafts or other un-secured banking credit lines with no intention of paying. Often these customers will collaborate with bank employees to assist them in ...

Enterprise Risk Management for Financial Services [ Source: SAP ]
July 2010- Download this whitepaper to better assess and manage risk enable accurate asset valuation, prevent data loss and fraud, increase transparency, and optimize compliance.

You can rapidly verify and integrate data, increase organizational transparency, and improve your understanding of risks across the enterprise.

With accurate, up-to-date information, your organization can weigh and manage risk factors to find new ways to cut costs while moving with agility to recognize and capitalize on opportunities ...

Pursue Fraud With IBM Intelligent Investigation Manager [ Source: IBM ]
February 2013- IBM Intelligent Investigation Manager - comprising IBM Case Manager, IBM i2 Fraud Investigation Analysis and IBM Content Analytics - helps teams manage fraud investigations by capturing all relevant details of each case, supporting dynamic collaboration and incorporating forensic/link analysis.

Investigation Management For Fraud: Catch More Fraudsters More Efficiently [ Source: IBM ]
April 2013- Read the Aite Group paper "Investigation Management for Fraud: Catch More Fraudsters More Efficiently" to learn effective strategies for combating financial fraud. It discusses new, real-world strategies, tactics and technologies that commercial entities and public sector organizations can use against this mounting threat.

Using Data Mining to detect Insurance Fraud [ Source: IBM ]
November 2012- Insurers lose millions each year through fraudulent claims. Learn how leading insurance companies are using data mining techniques to target claims with the greatest likelihood of adjustment, improving audit accuracy and saving time and resources.

Read this paper to learn how to combine powerful analytical techniques with your existing fraud detection and prevention efforts; build models based on previously audited claims and use them to identify potentially fraudulent future claims; ensure adjusters focus ...

Defending Mobile Financial Applications [ Source: Metaforic ]
July 2012- One of the most insidious criminal attacks on banking in recent times has been the proliferation of malware targeted at online banking. This custom malware enables activity such as authentication fraud by the theft of mTANs or SMS messages, or "man in the browser" / "man in the middle" attacks to steal credentials.

Now a new frontier has opened in online banking - consumers and businesses using smart phone-based applications to manage their finances. ...

Fraud Analytics for Financial Services [ Source: ParAccel ]
November 2010- When it comes to credit card transactions, two key goals drive the need for high- performance analytics: putting the lid on fraud while ensuring the customer relationships aren’t jeopardized through erroneous denials of legitimate transactions. Given the speed at which fraud is perpetrated, financial services businesses increasingly need to detect and halt fraud in minutes, rather than hours or days. “Our goal is to ensure that our customers can quickly put the lid on ...

First Party Fraud in Retail Banking [ Source: Detica ]
November 2010- Banks can significantly reduce their bad debt levels and collections expenses, by identifying first-party fraud cases before they reach collections. Advanced network analytics is the key to early detection and prevention of threats before they result in large losses.

First-party fraud occurs when customers apply for credit cards, loans, overdrafts or other un-secured banking credit lines with no intention of paying. Often these customers will collaborate with bank employees to assist them in ...