How can data analytics tackle banking fraud
While we have touched on fraud and fraud detection in the past, the following blog post will explore fraud in the context of the banking industry, its challenges and how data analytics can combat fraud. Banking fraud is a tremendous cost to firms. Experts expect fraud to reach $31.67 billion by 2020, more money then […]
Banking analytics is changing the landscape of the finance industry
Banks record millions of transactions daily and these entries are real-time in nature. Capturing and recording such a huge chunk of data is a challenging job for bankers. Banking analytics birthed from sophisticated big data analytics software help banks by providing a platform where these transactions can be recorded systematically and analysed. Advanced analytics is […]
SAS Software – Fighting Fraud and Money Laundering
Fraud and money laundering, unfortunately, have evolved into very common and pressing issues. In reaction to this, many governments and regulatory bodies have had no choice but to enforce strict regulations on organisations to mitigate the existence of illicit and illegal activities. Manual operations and inferior software solutions are insufficient to keep up with these […]