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A New Approach to Combating First-Party Fraud

White Paper Published By: BAE Systems
BAE Systems
Published:  Dec 29, 2015
Type:  White Paper
Length:  8 pages

First-party fraud will be responsible for an estimated $28.6 billion in credit losses for financial institutions around the globe by 2016. Banks can significantly reduce their levels of bad debt and collections expenses by specifically targeting first-party fraud. Advanced network analytics with real-time screening is the key to early detection and prevention of risk threats before they result in large losses. Read more about combating first-party fraud and emerging best practices here.



Tags : 
bae systems, applied intelligence, fraud, first-party fraud, financial institution, network analytics, detection, prevention, netreveal, unsecured credit, direct deposit account, application fraud, sleeper fraud, cash-cycling, fraudster, cyber security, financial crime, intellectual property, information technology, business technology