fraud

11月 142017
 

As the banking industry continues to combat increasing fraud challenges, payment fraud is growing exponentially. This growth stems from a shifting payment landscape with new and varied payment options. Globally, governments are introducing new initiatives like faster payments and real-time payments which compress turnaround times. These initiatives are altering the [...]

Combat wire fraud with analytics was published on SAS Voices by Veena Hirannaiah

10月 042017
 

This discussion of the Regulatory Technical Standards (RTS) is the third post in a series explaining the Revised Payment Service Directive (PSD2) and how it will affect banks. For background, read my two previous posts, PSD2: Understanding the new payments regulation in Europe and PSD2: How new European payment regulations [...]

An overview of the PSD2 Regulatory Technical Standard was published on SAS Voices by Sundeep Tengur

8月 012017
 

Did you pay your taxes? From stiff penalties to even jail time, the federal government provides plenty of incentive for citizens to pay, but each year nearly one in five Americans do not pay on time. This leads to a more than $450 billion gap in unpaid taxes, creating a [...]

Where the federal government can find $450 billion was published on SAS Voices by Marie Lowman

5月 162017
 

Artificial intelligence. Big data. Cognitive computing. These buzzwords are the ABCs of today’s marketplace. In a recent interview at SAS® Global Forum, I discussed the unprecedented pace of change that we’re seeing in the market. It’s creating what I like to call an analytics economy. In this economy, analytics – [...]

How companies can succeed in an analytics economy was published on SAS Voices by Randy Guard

2月 112017
 

In 2014, the federal government lost more than $125 billion to fraud, waste and abuse. And that’s just what we know about. While that number may sound incredible, those on the front lines of the government fraud fight know that it's all too real. The US government needs to change […]

U.S. government struggling with comprehensive fraud strategies was published on SAS Voices.

11月 152016
 

Currently, most fraud detection solutions for financial crime and tax fraud are focused on risk assessing entities. That is to say, they evaluate the risk of each individual or businesses separately. While this helps prioritize risk-based investigations by alerting investigators to the likelihood of fraud, it does not necessarily maximize deterrence. […]

From fraud detection to fraud prevention: working towards optimal audits was published on SAS Voices.

11月 102016
 

The Data For Good initiative is all about using data and analytics to improve the lives of citizens around the world – however most people wouldn’t immediately think about tax collection as a humanitarian effort. But that’s exactly how Courtney Kay-Decker, Executive Director of the Iowa Department of Revenue sees […]

Fighting tax fraud at the Iowa Department of Revenue was published on SAS Voices.

6月 022016
 

Insurers are embracing digital to meet the demands of modern consumers. And, of course, there are obvious benefits to them from less costly, more streamlined interactions with their customers. The trouble is that digitisation comes with a major health warning: Unless insurers put suitable measures in place, they're at risk […]

Insurers beware: Fraudsters love digital! was published on SAS Voices.

4月 142016
 

Across the globe, governments are losing billions in revenues to organised VAT fraud. The most recent VAT Gap study published by the European Commission estimates that EU countries lost an estimated €168 billion in VAT revenues in 2013. That's equivalent to 15.2% of the total expected VAT revenue from the […]

Attention VAT fraudsters: You’re no match for analytics! was published on SAS Voices.

3月 242016
 

Lately there seems to be a surge in the term machine learning. Much like big data a few years ago, machine learning is the new buzzword -- and the two terms actually go hand in hand. With increasing volumes of data now stored in distributed environments such as Hadoop, it's […]

Machine learning is crucial for fraud management was published on SAS Voices.