Introduction

It comes as no surprise that as the banking industry is increasing its online presence, financial organizations are making fraud detection and prevention a top priority. Fraud can have a significant impact to organizations both financially and operationally. Of course, in addition to large monetary losses, damage to reputation and customer relations can also occur that further highlight the impact of fraud.

The ability for organizations to perform advanced analytics on their data is necessary to recognize and respond to patterns of fraud. Simply stated, quicker...