Industry Watch 
Dealing with fraud With more information crossing more networks across more financial institutions, fraudsters are creating sophisticated tools to intercept and obtain confidential data. Increasingly, governments are legislating to prevent international financial crime such as money-laundering. Fraud is expensive, resulting in loss of profits and draining organizational resources but, more importantly, causing loss of consumer confidence and damage to reputation. In a world where fraud is a daily threat, institutions need identity information and analytical capabilities to make smarter decisions - promoting faster response to evolving fraud patterns, pinpointing potentially fraudulent transactions and safeguarding against identity manipulation. Payments and fraud management are increasingly converging as organizations seek to bolster their fraud defenses, leading to a requirement for integration of payment delivery with real-time and back office fraud prevention, detection and investigation capabilities. |