1 / 10

Big Data Analytics Fraud Detection and Risk Management in Fintech

Combat fraud and manage risks in multiple settingsu2026<br><br>Similar to as fraudsters are becoming more comprehensive in their attacks, so too are avenues companies can guard their data. Big data analytics is crucial for fraud detection and prevention as well as risk management. As per the Association of Certified Fraud Exmainersu2019 Reports to the Nations, organizations proactively using data monitoring can minimize their fraud losses by an average of about 54% and identify scams in half the time.<br><br>Big data analytics is alternating the patterns in which companies prevent fraud. AI, machine learning

smartinfologiks
Download Presentation

Big Data Analytics Fraud Detection and Risk Management in Fintech

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Big Data Analytics Fraud Detection & Risk Management in Fintech By Smartinfologiks

  2. 1 • 2 • 3 • 4 • 5 • 6 • 7 Introduction What is Big Data Analytics? Importance of Big Data Analytics • Table of Content Risk Analytics and Fraud Analytics Role of Big Data Analytics in Fraud Prevention Big Data's Influence on Risk Management in Fintech Conclusion

  3. Introduction According to the Association of Certified Fraud Examiners, organizations employing proactive data monitoring can reduce fraud losses by an average of and detect scams in half the time. Combat fraud and manage risks across various domains. Utilize big data analytics for fraud detection, prevention, and risk management. 54%

  4. What is Big Data Analytics? • In this era where the amount of data is reaching a mesmerizing size, we continuously hear about big data analytics in every business and every system installed. • Big data analytics has completely revolutionised the entire process. It refers to the process of examining huge and complex data sets to uncover patterns, correlations, and other helpful information that can inform business decisions. • Widely applicable across business functions, enhancing operations, reducing costs, and increasing profits.

  5. Enables quick decision-making through the analysis of large volumes of data. Importance of Big Data Analytics Facilitates predictions, enhances understanding of customer needs, & optimizes products & services. Crucial in sectors like banking and fintech for fraud and risk analytics.

  6. Identify, Assess, and Manage risks using data analytics. Risk Analytics Identifies and prevents fraudulent activities. Fraud Analytics Big data analytics techniques for real-time decision-making.

  7. Role of Big Data Analytics in Fraud Prevention Identifies patterns of fraudulent activity and anomalies in data. Mitigates fraud risk by understanding primary causes of fraud. Utilizes techniques like data mining, machine learning, and anomaly detection.

  8. Big Data's Influence on Risk Management in Fintech Provides a holistic view of potential dangers and enables proactive risk management. Requires robust data collection, integration, predictive modelling, and real-time monitoring. Helps fintech companies respond quickly to evolving risks and mitigate potential losses.

  9. Conclusion • Big data analytics is pivotal in fraud prevention and risk management in the fintech industry. • Offers accurate prediction of potential risks and facilitates proactive measures. • Utilize Smartinfologiks's Analytics101 for advanced business intelligence and analytics software. • To know more about Big Data Analytics and Its Role in Fraud Detection and Risk Management in Fintech, read our blog:

  10. THANK YOU! sales01@smartinfologiks.com +91 9867948621 www.smartinfologiks.com

More Related