Category: Fraud Monitoring

Customer Liability in The Age of Digital Banking Banner

Customer Liability in The Age of Digital Banking

Today, in India, when a customer discovers and reports fraud in his account through the use of ATM, Internet Banking or Mobile Banking, customer is liable for the full funds lost. As of Feb 2011, Indian Banking industry has 70,462 ATMs and 5,65,542 POS terminals. The value of debit card POS transaction from Mar 2010-Feb 2011 was 75,326 crores and the value of debit card ATM transaction during the same period was 10,90,053 crores. The size of credit card POS transaction was 75,328 crores. (Source: RBI). Given this huge volumes of electronic transactions in India banking, the value at risk for banks would be humungous when the customer zero liability protection policy gets introduced. It’s high time the banks secure their electronic channels with adequate measures to monitor, detect and prevent fraud in real-time. Read on..

Customerxps Nasscom

CustomerXPs gets featured on Nasscom’s Indian Analytics Products Landscape

CustomerXPs has been showcased in the Nasscom’s Research Paper ‘Indian Analytics Products- Scaling New Heights’. The Chartis Risktech100 2016 company has been recognized for its solutions in the Enterprise Business Intelligence, Risk & Security Management and Customer Lifecycle Management areas. By Priyanka Gautam  Reach her at clari5@customerxps.com CustomerXPs offers real-time, intelligent products that empower banks with instant insights enabling influenced outcomes of deeper customer engagement and fraud-free transactions....

Bank Fraud in India 0

Banking Fraud in India

Banking Fraud have been in existence  from a long time in the form of insider trading, stock manipulation, accounting irregularity etc. But now-a-days the fraud in this sector has become more sophisticated and the Indian banking sector is overwhelmed with more advanced frauds. There are many other scams prevailing like ID theft, fraudulent documentation and diversion of funds etc., but the leading scam among all of them is...