Fraud changes fast – can your analytics keep up?
Fraud models exist in a changing environment. When new fraud threats attack, Financial Institutions (FIs) must rapidly adjust their analytics to prepare for changing patterns. When financial institutions expand their client base, modify products, or adjust limits, model stability is impacted.
But adjusting analytics intelligently is not always so simple. Analytics optimization as we know it today requires complicated steps, including preparing data and allocating IT resources. It also requires human intervention where machines could bring the ease of automation.
And there’s an even more daunting problem – when one FI optimizes analytics to defend against threats, fraudsters simply target the next institution in a never-ending cycle of attacks.
It’s time for that to change.
Optimize your detection analytics continuously leveraging machine learning and consortium intelligence
ActimizeWatch is a cloud-based managed analytics solution that uses machine learning to proactively optimize analytics for members.
ActimizeWatch proactively monitors your data health, as well as your fraud and model trends. The service automatically analyzes transactional data both from individual FIs and across a consortium to glean intelligence on when and why to optimize detection analytics. ActimizeWatch dashboards deliver fraud intelligence to members and provide alerts on opportunities to improve fraud detection models.
Most importantly, ActimizeWatch experts put insights into action by proactively optimizing analytics using fraud expertise, machine learning and automation to quickly deliver new, enhanced models. Model changes that previously took months and years are delivered safely in days and weeks.
This means strong and up to date, analytics that allow FIs to both detect fraud earlier and bring new products to market more aggressively.
ActimizeWatch places the responsibility of analytics optimization into the hands of Actimize experts, providing a hands-off experience for FIs.
Continual monitoring: Actimize assesses cross-market transactional data, identifying fraud patterns within individual organizations and across the market.
Ongoing insights: Actimize provides insights to members on market fraud patterns, letting them know when to adjust their analytics.
Proactive analytics optimization: Actimize proactively optimizes analytics using automation for quick delivery of implementation-ready models and features.
ActimizeWatch: we watch, so you don’t have to
Managed analytics cuts the time, cost and effort associated with analytics optimization. We extend your fraud detection teams with fraud experts and data scientists, leveraging advanced analytics automation in a dynamic, big data environment to help ensure that your fraud detection models are always optimized.