Scott Zoldi explains the power of behavioral analytics and how they can reduce crime across these and other domains. Behavioral analytics are transforming the way that financial institutions fight a wide range of crimes. After using them for nearly 25 years to detect payment card fraud in real time, forward-thinking institutions are now applying behavioral analytics to solve additional challenges. Specifically, IDC predicts that in 2017 behavioral analytics across compliance, fraud, and cyberdetection and prevention will be in place at 15% of banks, helping them to avoid regulatory fines and sanctions.
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