Financial Fraud Detection Software Market Structure Analysis for the Period 2017–2027
Fraud is an illegal act which involves unjustifiably claiming something valuable. Financial Fraud is an issue with widespread consequences in the financial service industry, government, and corporate sectors. Hence financial institutions need a real- time automated system to detect fraud across multiple channels and transactions every day. With the rise of big data analytics, traditional methods of fraud detection such as manual detection appear inaccurate and more importantly time consuming. Hence, enterprises today invest in financial fraud detection software which...
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