Fraud prevention solution – should we build it in-house or should we buy it?
Sean Neary, Financial Services Fraud Experts at Featurespace speaks to the Paypers.
Organizations want to reap the benefits of combining the power of machine learning with their own analytics but with fraud levels continuing to rise, the cost of fighting fraud is at an all-time high.
As financial institutions are actively seeking a cost-balanced fraud and risk management solution to detect more fraud without compromising their customer experience and raising their operational costs, one question asked frequently by businesses is ‘should we build in-house or should we buy?’
Sean Neary, Financial Services Fraud Expert at Featurespace warns it’s unlikely that it can be done at a lower cost than implementing a fraud prevention software from a specialised supplier and discusses exactly what businesses must consider before embarking on such a large-scale and costly operation.
If your business is asking the same question, continue reading the full article here.