BIG DATA ANALYSIS OF LINKED DATABASES BECOMING MORE FEASIBLE AS SERVICE PROVIDERS FOCUS ON AUTHENTICATION, STANDARDISATION AND AI

NEW fraud detection solutions based on a “centralised management platform across all lines of business” are being made more feasible by new financial industry customer authentication standards, research indicates. These allow a consortia of organisations’ data (or data from previously siloed wings of one major institution) to be pooled, allowing bulk analysis of big data, helping update algorithms, encouraging anti-fraud system vendors to offer cross-functional services as clients seek to consolidate contracts and end silo-based approaches to counter-fraud ...


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