The year 2021 is bringing new challenges as well as opportunities into the world of fraud detection and prevention. Since the beginning of the pandemic crisis, we have been witnessing a significant rise cyberthreats. With the scope of cyberattacks intensifying and their frequency increasing, enterprises are investingin robust fraud detection and prevention systems capable of protecting their data and financial assets.
Especially when it comes to financial institutions, fraud prevention and detection is all about how quickly they can prevent fraudsters from deceiving their security systems in place. The organizations have a window of mere seconds to spot and stop potentially fraudulent transactions and prevent loss of assets. This is where AI-powered fraud detection and prevention systems are enabling organizations to identify unusual patterns consistent with loan/credit card fraud and money laundering and take the necessary steps beforehand.
On the other hand, predictive analytics is also turning out to be a boon for financial organizations. By leveraging predictive models, organizations are able to use existing data and predict outcomesfor various targets. Based on the results, they are prioritizing different assets and bolstering their security capabilities. Some organizations are even utilizing predictive analytics techniques in real time in their live transactional systems.
In the wake of such technological trends taking root in the marketplace, we have compiled this issue of Financial Tech Review to assist financial and business organizations in countering fraud. In this edition, we have listed the top fraud detection and prevention solution providers and services companies to help you choose the most advanced cyber threats. Besides, the magazine comprises thought leadership articles from subject-matter experts, CIOs, and CXOs in the IT sector on the latest industry trends, best practices, recent innovations, and highlights their expertise. We hope this issue of FinancialTech Review helps you build the partnership you and your organization need, to foster a workspace driven by robust and efficient technology.
We present to you Financial Tech Review’s “Top 10 Fraud Detection and Prevention Service Companies – 2021.”