About this Accelerator
Simplify the fraud detection and reporting process, cutting down the time to action to prevent fraud as well as enable near real-time dashboards and analytics for streaming data.
Challenges
- Extremely high false positives when predicting and analyzing fraud
- Missing insights from unstructured data
- Lack of insights from analytics
The global fraud detection and prevention market was valued at USD 18.24 billion in 2020 and expected to reach USD 40.8 billion by 2026 and grow at a CAGR of 18.17% over the forecast period (2021-2026).
Benefits
- Faster and efficient fraud detection
- Increased accuracy for detecting fraud
- Better fraud predictions