Anti-Fraud Management System Market: Overview
Detecting of a fraud is a very complex task and the user will not be able to realize it unless any suspicious activity occurs. The anti-fraud management systems make use of the hybrid models of the advanced analytics methods along with the rule-based approaches that encompass a wide range of fraud-detection techniques. With the help of the anti-fraud management systems, frauds can be detected easily and can also be prevented.
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Anti-Fraud Management System Market: Facts
A real-time Big Data solution is the Clari5 Enterprise Fraud Management (Clari5EFM). Every activity is taken care in the real time. It has the ability to monitor the suspicious activities and takes the right decision at the correct time and makes the report of it and analyzes it. The benefits of using the Clari5 EFM are it helps in fraud detection, prevention, investigation, monitoring, and also in the audit needs of banks.
Anti-Fraud Management System Market: Segmentation
The global market for anti-fraud management system is fragmented into its solution, application, end-user industry, and organization size. Based on the solution, the global market is segregated into fraud analysis, fraud detection, and decision support. Based on the application, the market is categorized into insurance claims, electronic payment, and others. Based on the end-user industry, the market is categorized into retail, government/public sector, real estate, manufacturing, media and entertainment, BFSI, IT & telecommunication, healthcare, energy and power, travel and transportation, and others. Based on the size of the organization, the market is divided into medium enterprises, small enterprises, and large enterprises.
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Anti-Fraud Management System Market: Growth Factors
The rise in the dynamic frauds and the cyber attacks that are hit by the multiple channels and the products are compelling the various organizations to adopt the facilities of the anti-fraud management systems. The recent advancements that are made in the technology and digitization are making the enterprises to shift to an effective method that will deliver their services and solutions in the best way. This factor will positively affect the growth of the global market. There are certain factors that are restraining the growth of the anti-fraud management system market which includes the stringent regulations imposed by the government for the standardization and the complexity in the integration of the systems.
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Anti-Fraud Management System Market: Regional Analysis
In the coming years and in the current scenario North America will retain its dominant position in the global market. The factors that are influencing the growth of the market are rise in the disposable income, increased rate of adoption of the new technologies, and several market players have their base in this region. In the Asia Pacific region, the increase in the penetration of the consumer electronics is the key reason for the development of the anti-fraud management system. In Western Europe, in the coming years, a healthy market growth is expected due to the factor that many of the market vendors are shifting their base to this region.
Anti-Fraud Management System Market: Competitive Players
The key market players that are involved in the anti-fraud management system market include SAP SE, Capgemini, SAS Institute, Inc., BAE Systems Inc., Fiserv Inc., IBM Corporation, Oracle Corporation, Fair Isaac Corporation, Computer Sciences Corporation, ACI Worldwide Inc., Threatmetrix, and others
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