Fraud in Wholesale Banking and Its Analytics Antidote
Report Summary
Fraud in Wholesale Banking and Its Analytics Antidote
Commercial banks require analytics capabilities that accommodate their unique SLAs, payment channels, and fraud vectors.
Boston, November 6, 2014 – Fraud, ever increasing in its potency and rapidly proliferating in its forms, poses significant risks to global commercial banks. Encompassing large lending commitments and complex, high-value cash transfers, banks' corporate relationships are extremely attractive to criminals. Fraudsters are well-equipped to exploit the complexities of corporate lending, but they are not invincible. If commercial lending operations understood this, could they formulate an analytics-based fraud antidote?
This Aite Group Impact Report, based on comprehensive requests for information sent to global providers of fraud-deterrent analytics technologies, studies the types of fraud that are particular to commercial banking and the role analytics can play as an antidote to such crime.
This 45-page Impact Report contains six figures and 16 tables. Clients of Aite Group's Wholesale Banking & Payments service can download this report.