Slowing Down Fraud Without Slowing Down Your Processing: Business Process Management

Slowing Down Fraud Without Slowing Down Your Processing: Business Process Management

To keep up with ever-changing fraud tactics, financial institutions (FIs) must alter their processes on a regular basis. Many FIs add manual processing to constitute certain an application is thoroughly checked for suspicious or fraudulent behavior, however this strategy slows their decisioning down. Many other FIs are using business action management (BPM) solutions to be flexible when it comes to business rules and to facilitate strategic automation. This eliminates those manual processes that are unnecessary by incorporating more forms of data and allowing more processes to be automated.
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