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Big Data Explosion

Cisco

Those opportunities will rely on data and analytics for real-time decision making. Some familiar examples are receiving banking fraud alerts on mobile devices, submitting photos for insurance adjustments, or using robo-advisors for investment decisions. Creating new customer value from AI.

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Triggering (Actionable) Big Data Insight, Always In Motion

PYMNTS

Speed is of the essence, particularly when it comes to fraud-fighting efforts by retail or financial services firms. Picture, for example, the credit card fraud schemes where machines – under the guise of looking like valid users – attack firms and commit fraud, presenting valid (but stolen) data to make off with goods.

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Giving Big Data Decision-Making A Real-Time Touch

PYMNTS

Big data, big data, big data. We all know the term, understand its significance and have seen plenty of examples across the industry of how businesses are utilizing massive amounts of data (and the applied analytics needed to make sense of it all) as a competitive edge in the market.

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Sift Science Eyes Global Fraud Prevention With $53M In Funding

PYMNTS

Fraud detection startup Sift Science has raised $53 million in a series D round, bringing its total amount raised to $107 million. Founded in 2011, Sift Science plans to use this latest round of funding to grow its fraud detection and prevention product globally. Clients include Twitter, Airbnb, Twilio, Instacart, Zillow and Yelp.

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The big data boom – what it means for banking

NCR

Big data has been one of the tech industry’s most popular buzzwords for a few years now. But as the number of data sources grows and technology to process it becomes more powerful, the trend is changing from a nice-to-have addition to becoming an essential part of any company’s offering. Fighting fraud.

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First Data Launches AI Fraud Detection Tool

PYMNTS

First Data, the global commerce-enabling technology company, announced Thursday (June 1) the launch of Fraud Detect, a fraud solution for merchants around the world. According to First Data, using artificial intelligence, Fraud Detect analyzes vast data sets to identify fraud and potential chargebacks.

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Shattering Merchants’ Information Silos In The Fight Against Fraud

PYMNTS

Can data make all the difference in the fight against payments fraud? Yes — if you know what to do with the data, and if you know where to find it in the first place. The discussion played off the findings of a new whitepaper from the firm titled, “Driving Up Conversion with Effective Fraud Management.”.

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