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A Quantum Leap in Fraud Detection

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Fraud is a board-level concern for banks around the world. Despite spending $2 billion on fraud detection software each year, fraudulent activity still costs banks over $50 billion annually in a rising trend that doesn’t appear likely to change.

Simply put, fraud detection software doesn’t stop enough fraud, and it’s leading to massive losses that the banks find difficult or impossible to recover. It’s time for banking institutions to take a different approach to fraud detection and use the wealth of transactional and customer data they store in a different and more effective manner.

Some of the world’s biggest banks are breathing new life into their fraud detection programs with TigerGraph.

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