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The Future of AML and Fraud Detection and Prevention = Advanced Analytics

Posted by Tammy Bangs

Feb 14, 2018 11:00:00 AM

One of the biggest trends in our industry these days is big data. Everything is in the data – it’s right there! Can you see it?

If you are like most community banks, the answer is no. The data you have is powerful. Most businesses would kill to have that kind of access to their client’s information, history, decisions, and behaviors. It’s not for lack of information that your financial institution (FI) may struggle with regulatory compliance issues surrounding AML and fraud compliance. It’s for lack of correlation of that information. 

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Topics: Analytics, big data, fraud

Big Data, Advanced Analytics, and Your FI

Posted by Tammy Bangs

Dec 13, 2017 11:00:00 AM

If you don’t understand “big data,” you’re not alone. I recently saw this quote:

“You happily give Facebook terabytes of structured data about yourself, content with the implicit tradeoff that Facebook is going to give you a social service that makes your life better.”- John Battelle, Founder of Wired Magazine

I think this just about describes it. Even if you’re not on the big data train, your information already is. How, you may ask? Well, unless you live off-the-grid in a yurt, you’ve probably done business of some kind online. Ever heard of Amazon?

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Topics: Analytics, Data

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