Banking Fraud Detection with Dtex: How Dtex helps global financial institutions detect bank fraud in the face of innovations in banking technology
New technology innovations are forcing financial institutions to re-evaluate fraud detection. Dtex can help.
Globally, financial institutions are learning how to adapt to the use of new, faster technology. A prime example is the New Payments Platform. The New Payments Platform (NPP) is a new, world-leading domestic payments infrastructure that enables connected Australian financial institutions to offer their customers – consumers, businesses and government agencies – near real-time, data-rich inter-bank payments at all times. The platform launched on 13 February 2018.
While the NPP and other technology advancements will enable a significant step forward in payment processing, this new platform also means that cyber-security tools must be held to a higher standard. Global financial organizations are revisiting their tools and frameworks, especially around the detection of bank fraud. The Dtex User Behavior Intelligence Platform can fill this gap.