Consumers expect online convenience; fraudsters expect an easy target. Here’s how banks can win on both fronts.
By uncovering a variety of important fraud patterns in real time, graph databases can be a useful tool for fraud prevention in financial services.
Financial institutions need to make sure that their fraud detection technology and procedures keep pace with the customer demand for convenient online and mobile banking access.
When combating payments fraud, financial institutions need to enlist the help of the customers themselves.
Amid an accelerating proliferation of technologies, financial services players confront great complexity in choosing an appropriate tokenization scheme to make payments more secure.
For the purposes of fraud prevention, big insights can be gleaned from the smallest sources of data.
Only a loan origination system combining user authentication and authorization, encryption, destination and output controls and audit trails can assure the integrity of customer information.
When deciding on an approach to tokenization, financial institutions need to choose between network- or issuer-managed directory services, or both.