3 Companies Developing State-of-the-Art Blockchain Analytics Tools

3 Companies Developing State-of-the-Art Blockchain Analytics Tools

A few months ago, new global regulations were recommended by the Financial Action Task Force (FATF) to help prevent and deter terrorists and criminals from using cryptocurrencies. However, it will take some time before countries adopt these regulations and have proper prevention and compliance programs in place. In the meantime, numerous firms that specialize in blockchain analytics have created software with the focus of preventing, detecting and investigating cryptocurrencies used for terror financing, money laundering, fraud and compliance violations. Here are three firms who should be on your radar because of the fascinating and groundbreaking work they are doing in the world of blockchain analytics.

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The Future of Anti-Fraud Technology

The Future of Anti-Fraud Technology

Technological advancements present opportunities for both fraud perpetrators and those trying to stop them. As criminals find new ways to exploit technology to commit their schemes and target new potential victims, anti-fraud professionals must ensure they are likewise adopting new technologies that are the most effective in navigating the evolving threat landscape.

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The Future of Fraud Risk Management and the Use of Robotics

The Future of Fraud Risk Management and the Use of Robotics

A recent Reuters article about the “expense report of the future” included a discussion about the future of fraud risk management and the use of robotics. Though not a new discussion, this article highlighted the most common uses of the technology without using the trendy approach of claiming robots are taking over.

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How Data Analytics Can Illuminate Fraud Schemes

How Data Analytics Can Illuminate Fraud Schemes

Organizations that implement proactive data monitoring detect frauds 58% faster and experience losses that are 52% lower than organizations that don’t, according to the ACFE’s 2018 Report to the Nations. As these numbers indicate, harnessing your organization’s data can have a significant impact on your efforts to detect and prevent fraud. But introducing data analytics into your fraud-fighting toolbox is not a cut-and-dried process. There’s no universal checklist to follow. Every organization has different data to work with, and unique priorities and organizational goals. It takes a hands-on approach to figure out what will work best for you and your organization.

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