The number of sophisticated high profile fraud attacks is rising year on year, and has most recently managed to bilk some of the world’s most sophisticated and tech savvy companies out of tens of millions. This fast growing complexity within fraud prevention and compliance has made the analysis of massive datasets vital in order to devise new solutions to combat the evolving sophistication of today’s global cybercriminals.
FSI organisations also want to boost competitiveness by increasing automation, in order to execute more business with current resources.