Fraud Analytics: Salient Way of Detecting Financial Fraud in the Banking Industry

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Fraud Analytics: Salient Way of Detecting Financial Fraud in the Banking Industry

Turning a blind eye into fraud and financial crimes is no longer acceptable for business. With the latest technology at hand, fraud schemes are growing more sophisticated. When it comes to fraud in retail banking, to overcome these challenges, the banking industry has gradually started adopting new ways of fighting financial fraud by conducting fraud analytics. In order to assertively protect themselves and their customers, organizations are now taking the road less travelled and formulating a comprehensive counter fraud approach with the help of analytics.

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