Many a times the fraudsters are sophisticated and the fraud patterns are emerging. Are you going to handle all such exceptions case by case? How are you going to plan your IT investments with lot of uncertainties around? How about having a solution that provides you tools to replicate any kind of fraud scenario that you can think of on the fly, construct barriers to the fraud immediately, deploy them and integrate them as a part of core banking system without much effort, extra IT investment and any significant trade off with performance. If only a bank can achieve this level of agility, it can not only be a technology pioneer but also save itself from the potential reputational loss. This blog post is an attempt to outline an illustrative scenario to highlight the necessity of agile fraud management systems for banks. Read on..
Tagged: Branch Banking
People are talking in real-time, to each other and so Brands better be on their toes as well to keep up with this new consumer-producer’s pace! What is the response? Simple, technology! If consumer power increases with the ability to be real-time, so should employees/users. Instances of powerful real-time technology especially in Banking are perhaps limited in current usage to select communities like Traders. What about the average Joe at the Branch teller counter? Brands and reputations can just as easily be destroyed due to a simple clerical error or a bad mood even!