Fraud Detection
The Challenges:
No business, particularly given the current economic climate, can absorb the revenue losses associated with fraud. With increased reliance on electronic operations, loss prevention professionals know that having automated operational monitoring capabilities can not only avert fraud, but will also reduce the personnel time and costs otherwise spent in manual processes geared to fraud detection.
The Solution:
With the Progress® Apama® Event Processing Platform, you have a real-time tool that leverages the power of complex event processing to spot potential fraud patterns in point-of-sale (POS) activities, and do it as they happen. And with Apama, you also gain the power to immediately act on that information. With the Apama CEP platform, you can reduce risk and lower costs by identifying conditions that negatively hit your bottom line, with the advantage of a platform that offers the means to intercede before the damage is done.
As a loss prevention professional, you know that there is no end to the creativity of those who engage in fraudulent activity. How can you keep up with the latest efforts to harm your business? With Apama you can. As fraud schemes change, Apama tools allow you to quickly create new detection rules or to alter the parameters of existing ones to keep apace.
Apama offers an efficient way to reduce the impact of fraud. Here are some features::
- Highly interactive dashboards that allow loss prevention professionals to view information in an intuitive real-time display that is easily customized to their requirements.
- An integration environment that allows monitoring data to be connected with different middleware systems, applications and other endpoints without disrupting the current IT infrastructure.
- Development and testing tools that can rapidly create, test and evolve monitoring scenarios, without lengthy development cycles that risk being too late.
- The ability to create customized capabilities like the correlation of real-time event data with video surveillance systems.
