Real-time, Cross-channel Transaction Monitoring and Fraud Management for India’s Top 5 Bank
- Case Studies
- 14.10.2016 02:53 pm
Increased sophistication in the banking system has simultaneously increased sophistication in banking frauds. Banks today face a growing risk of fraud incidents via phishing and identity theft, ATM frauds, payment card fraud, cross channel frauds, malware & Trojan attacks and SIM swap. Online fraud alone has cost the global economy much more than initial estimates of USD 100 bn. Banks and regulators are continuously working on combat banking fraud to protect institutions and customers from falling prey to fraud.