Banks operate in an environment of continuous change so monitoring risk is a constant challenge. Today, a bank’s assets can be threatened in more ways than ever before, and the cost of fraud has never been higher. A bank’s failure to quickly identify fraudulent behavior leaves it accountable both financially and in the eyes of the public. Increasing regulation only adds to the pressure.
In response, a Midwest bank engaged ICC to develop the data platform that brings to life its risk-profiling engine, isolating fraudulent activity and ensuring legitimate transactions are uninterrupted.