Private banks opting for tailor-made fraud prevention platforms, says Synpulse

4 May 2017 | 2 minutes read

Consulting firm Synpulse says multinational private banks are developing their own bespoke digital fraud prevention platforms since there is a lack of ready-made solutions catering to their needs. Synpulse said in a recent report that compared with retail banks, private banks handle “infrequent, more intricate, and highly impactful” fraud cases. “A typical fraud incident may lead to financial losses ranging…

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