Enhancing Risk Management with Machine Intelligence

October 11, 2018

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MONTHLY ANALYSIS

Risk management remains one of the most critical areas of development for financial institutions: even though the average support center call is estimated to cost $4.00 in the US, adding up to a significant expense if a support center receives hundreds or thousands of calls per day – it does not compare to the cost and a damage of various forms of fraud to banks, consumers, and merchants. The Ingenico Group estimates that merchants lose on average 1.5% of their annual revenue to fraud attacks, which represents product and service losses, chargeback fees, ...

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