Enterprise Fraud Management: Still Evolving After All These Years
Report Summary
Enterprise Fraud Management: Still Evolving After All These Years
EFM continues to evolve as fraud attacks become increasingly complex and sophisticated.
Boston, May 22, 2014 – Financial institutions are under attack by hackers, organized fraud rings, opportunistic amateurs, and sometimes even clients. No financial product or delivery channel is safe from fraud attempts, and effective enterprise fraud management is essential for financial institutions to protect themselves and their customers. Managing fraud across an enterprise involves understanding customer behavior and analyzing transactional activity across all delivery channels. But what does implementing an effective EFM strategy entail? And can financial institutions stay ahead of fraudsters without completely overhauling their current fraud-prevention solutions?
Based on interviews and demos with EFM providers and financial institution executives, this Aite Group Impact Report identifies the complex components of an effective EFM department, discusses the ways in which organizational structure affects EFM, and outlines the various benefits of a robust EFM system. It also profiles eight established EFM solution providers: ACI Worldwide, BAE Systems, FICO, FIS, Fiserv, Intellinx, NICE Actimize, and SAS.
This 25-page Impact Report contains one figure and five tables. Clients of Aite Group's Fraud & AML service can download this report.