COGNITIVE ANALYTICS TO MINIMIZE FINANCIAL FRAUD
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Abstract
As the digital technologies are evolving rapidly and gaining more and more maturity, it is becoming difficult to keep the online transactions safe and secure. Because of the rapid Digital transformation, lot of transactions are being done over internet. Organisations are reducing in-person interactions more and more to minimize operational costs. Since the physical verifications are minimized and online or system based transactions gaining traction, it is becoming easy for the attackers to commit more fraud under the carpet. So at this juncture of digital transformation, it is time to focus more on financial fraud to keep the financial lives of customers safe and secure, and to make the transformation seamless.
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