Overview
Consulting in Fraud Analytics
Fraud is an escalating threat for banks. Technological advancements and changing customer preferences have opened up new avenues of banking for modern consumers but these channels of convenience have also attracted massive threats from fraudsters. With criminals and fraudsters continuously coming up with new ways to dupe financial institutions, financial firms now face ever increasing challenges of detecting criminal activities and fraudsters to protect themselves and their customers.
Financial Institutions are exposed to Fraud at different stages of customer life cycle. We provide analytical solutions to our clients to predict these frauds.
Our experts help the clients in detecting fraud and criminal activities by providing analytics such as:
We use Big Data analytics extensively to help our clients for real time scenario generation and real-time analysis for identifying potentially fraudulent transactions or criminal activities. Big data based services are contingent on the system capabilities of the clients. We support our clients to embed big data analytics IT capabilities for managing fraud.
Offerings
Our Offerings towards Fraud Analytics
Identifying Fraud
Fraud can be described as use of false representations to gain unjust advantage, dishonest artifice or trick.Few of potential fraud customers can be described as:
Identifying Fraud
Fraud can be described as use of false representations to gain unjust advantage, dishonest artifice or trick.Few of potential fraud customers can be described as:
Classification
Behaviour
Manifestation
Fraud Management Solution
We provide enhanced security solutions that help in reduced chances of phishing attacks on customers by providing additional layers of authentication and minimizing time to detection. Real-time fraud prevention and detection uses automated analytics to identify suspicious behavior based on metrics that include location, transaction frequency and transaction size. The solution identifies and acts on new unusual customer behavior; rapidly creating and applying new fraud rules in real time.
We provide enhanced security solutions that help in reduced chances of phishing attacks on customers by providing additional layers of authentication and minimizing time to detection.
Real-time fraud prevention and detection uses automated analytics to identify suspicious behavior based on metrics that include location, transaction frequency and transaction size. The solution identifies and acts on new unusual customer behavior; rapidly creating and applying new fraud rules in real time.
Application
We use Customised Fraud Scorecards along with the applicant’s credit history to provide a 360° view of credit worthiness of the applicants.
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