Detecting fraudulent activity is a constant challenge for banks. CIOs using transaction monitoring systems should consolidate fraud detection across products and channels, collaborate with other banks and central utilities, and move toward continuous updates for ML models and business rules.
As XTN Cognitive Security®, we know the challenges of building a fraud strategy that is efficient and smart to use. Also we strongly highlight to our clients the importance of consolidating fraud detection across products and channels. A single, holistic platform that detects fraud and threats cross-channel lets you manage all incoming fraud, avoiding siloed management.
Learn all the key points Gartner is underlining to help you buy the best fraud detection technology for your bank. Click here!
*Gartner Buyer’s Guide for Fraud Detection Technology in Banking, Pete Redshaw, 23 October 2023.