G Gopalakrishna urges to make use of predictive modelling for frauds prevention

G Gopalakrishna, Director, CAFRAL set the tone of the conference by highlighting that financial frauds are business and operational risks, and the need of the houris risk based dynamic fraud management. Banks, NBFCs, financial institutions should make use of integrated predictive modelling and analytics; with large data and analytic available to identify fraudsters before they commit frauds and prevent frauds. He urged banks to make use of it.
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