Behavioral analytics is a new and powerful approach that is transforming fraud detection. Financial institutions are increasingly challenged to combat fraud in many areas, with wire transfers and transactions through the Automated Clearing House (ACH) service an increasing concern. Fraud in these areas can be particularly difficult to prevent, because of the high volume of transactions and the increasing propensity for client-generated fraudulent transactions.
In this white paper, you'll learn:
- How to reduce false-positive alerts to less than 1 percent
- How to reduce fraudulent transactions by up to 90%