Investigating Financial Fraud with Data Analytics
IDEA can be used to identify unusual and suspect transactions as part of a fraud investigation.
There are a number of tools to prevent and detect fraud including personnel vetting, independent authorization of transactions and observation of employees. IDEA does not replace any of these techniques but adds a tool that is particularly useful in the right circumstances.
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More Whitepapers
- An Active Fight against Fraud: Integrating People, Process & Data Analysis Technology
- Whitepaper: Managing bank transaction risks with a continuous data analytics approach
- Whitepaper: Audit Trends 2018 Survey Results
- Banking, Payroll and Purchase: Investigating Financial Fraud with Data Analytics
- Global Benchmark The Role of Data Analytics for Internal Fraud Detection