Stop Fraudsters in Their Tracks and Prevent Profit Leakage
(Room Seaport A)
19 Nov 15
10:15 AM
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11:15 AM
Tracks:
Anti-Fraud Technology Solution
It is estimated that $3.5 trillion is lost each year to fraud and financial crimes. More and more, public and private enterprises are using sophisticated analytics coupled with business expertise to address this enormous challenge. Gartner has estimated that 25% of all large companies will in fact adopt such solutions for security or fraud detection by 2016, resulting in ROI within 6 months of adoption. We are working with private and public clients across many industries to help them adopt a multilayered approach to stop all types of fraud, from organized fraud to opportunistic fraud and from financial crimes and regulatory abuses (both legal and illegal) to waste and error as the result of poor policies or poor execution. Clients are struggling with availability of IT, data analyst, and investigative resource coverage to assist -- IBM is here to help! Our counter fraud framework solves a wide array of fraud business problems by using advanced analytics and statistics, is delivered through flexible engagement models (including cloud, gain share, and as-a-service models), and is backed by continuous innovation from IBM Research and IBM Watson.