Combining Rules-based and AI Models to Combat Financial Fraud
The financial services industry (FSI) is rushing towards transformational change, delivering transactional features and facilitating payments through new digital channels to remain competitive. Unfortunately, the speed and convenience that these capabilities afford also benefit fraudsters. Fraud in financial services still remains the number one threat to organizations’ bottom line given the record-high increase in overall...
Reputation Risk: Improving Business Competency and Nurturing Happy Customers by Building a Risk Analysis Engine
Why reputation risk matters? When it comes to the term "risk management", Financial Service Institutions (FSI) have seen guidance and frameworks around capital requirements from Basel standards. But, none of these guidelines mention reputation risk and for years organizations have lacked a clear way to manage and measure non-financial risks such as reputation risk. Given...
