Big Data, a staunch ally in the fight against bank fraud

The Digital Transformation of finance systems has by now generated a host of benefits for both institutions and clients and will continue to do so in the future. The downside is that it has also opened up these institutions to the threat of cyberattacks. Indeed, half of the attacks perpetrated in Spain affect the finance system.

Banking is one of the sectors most concerned about cybersecurity. With clients of this type in mind, and also with a view to offering other sectors a global cybersecurity proposal, GMV has plumped for the use of Big Data technology as one more tool in the fight against cybercrime and financial fraud.

In an article of the trade review IT User, Ángel J. Gavín Alarcón, Project Manager of GMV Secure e-Solutions, tells us how clients are tackling banking fraud and how a partner like GMV can help them in this task.

In this document GMV shows how Big Data and Artificial Intelligence are being used to give a much more detailed analysis of the fraud, not only in the detection and heading off of the fraud but also tactical support for decision-taking in anti-fraud measures.

GMV boasts a wealth of experience in setting up Big Data architectures and culling data. The company has fraud data models to standardize the problem, even when the bank concerned is trading in different countries, and is also capable of carrying out all types of analyses to come up with an answer for each particular case. A paradigmatic example here is the New-Generation SIEM that one of its clients has rolled out for monitoring recourse and employee activity.

Complete article: Big Data, a staunch ally in the fight against bank fraud