The financial services industry will begin making significant strides in 2014 toward using data analytics to fight fraud, experts predict. The value of using big data to help prevent or detect fraud is becoming clearer, helping institutions make a business case for data analytics.Instead of getting focused on a desired outcome, such as a way to reduce card fraud through big data, Gartner argues organisations need to accept the overall picture big data offers, even if it is not what they anticipated.
Why You Should Attend:
There are many challenges in ensuring that organisations are sufficiently equipped to deal with big data in the context of fraud prevention. From a legal and regulatory perspective there are complex considerations to understand when it comes to implementing solutions. Working under the Chatham House rule, attendees will be encouraged to share experiences on various aspects including detection, prevention, tools and intelligence sharing.