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Why Banks Must Democratize Machine Learning for Fraud Prevention and Payments Intelligence
Tuesday, May 21, 2019 Cleber Martins to Fraud Management, Bill PayBanks are already actively on the path to digital transformation, considering new technologies, new customer experiences and new business models. A critical piece of this digital transformation centers on better understanding the wealth of data within the banks’ systems and mining it for improved customer insight. In the New Payments Ecosystem, data is as valuable to the bank and its customers as the deposits held in their accounts, and it should be protected, and leveraged for the benefit of the customer.
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Understanding Today's Wire Transfer Risks
Saturday, August 28, 2010 Cleber Martins to Fraud ManagementWhile the rise of wire transfer and ACH (automated clearing houses) fraud is not news, the pure acceleration rate, scale and sophistication of corporate wire and ACH fraud is alarming. For example, the FBI recently took the step of issuing a cyber security advisory in response to the growth of unauthorized and fraudulent multi-million dollar wire transfers from business and government entities to overseas locations.