There are plenty of reasons, not the least of which are increased usage of digital channels, such as mobile banking, online credit card transactions via ecommerce websites, and a range of popular digital payment options.
Financial services firms are moving to digital identities and AI/ML fraud detection systems to keep pace with the fraudsters. However, adopting those technologies raises data infrastructure and access challenges.
Learn how Redis Enterprise in-memory data platform is helping financial businesses achieve faster and more accurate identity validation and fraud detection.
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With multiple sources and types of data comprising a digital identity and online features for risk scoring models, the challenge lies in updating everything quickly enough to stay ahead of criminals and avoid frustrating customers. Make sure your company is protected.
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