Nick Nichols, in his latest post on DST Insights, talks about how the financial services industry is leveraging behavioral analytics to strengthen their fraud monitoring programs.
In this post, he talks about the role behavioral analytics are playing among regulatory bodies, like the SEC’s Office of Compliance Inspection and Examinations (OCIE). In addition to the many potential benefits behavioral analytics can offer your firm’s fraud detection efforts, they can also help you prepare for any scheduled OCIE examination. How? By giving you the tools to analyze, identify and remediate (if necessary) those issues OCIE says they will be using analytics to examine.
To learn more about the potential benefits of adding behavioral analytics to your fraud detection program, visit Nick Nichols’ post, Getting Ahead of the Curve: Re-Imagining Fraud Detection in 2017 on DST Insights.