Fraud, Risk & Analytics Service
Service Description
The role and power of data is expanding rapidly. In the hands of risk managers and marketing leaders, data-driven analytics are improving decision making for both cost control and revenue enhancement. Mercator Advisory Group’s Fraud, Risk & Analytics Service (FRA) focuses on the needs of payments industry business and IT leaders concerned with the potential of data analytics in the areas of fraud and risk management, operations optimization, and revenue-generation through improved customer targeting.
Coverage includes, but is not limited to, two major data application areas:
Fraud and Risk Management. The more traditional approach to data-driven decision making in the payments industry, analytics for fraud and risk applications continues to evolve technically and organizationally. As data sources expand (the latest coming from mobile and social media providers), the impact of such new data streams on fraud and risk decisioning will be a focus of Mercator’s Fraud, Risk & Analytics service –as will the technologies and vendors addressing a problem that continues to grow in complexity and urgency.
Analytics. The second focus area of Mercator’s FRA service is the evolving role of data and analytics in today’s environment of massive and often underutilized data sets. Termed “big data” by many, wide data availability is feeding the creation and growth of start-ups in Silicon Valley and elsewhere to meet the demands of e-commerce, mobile, and bricks-and-mortar marketers. Internet-based data sources including social media platforms offer expanded analytical grist for decisioning, be it for a given transaction, an extension of credit, or a marketing campaign. How card issuers, acquirers, card networks, and other payment services providers can leverage these data assets is also a focus of the FRA service. Mercator Advisory Group’s Fraud, Risk & Analytics Service centers on identifying areas of opportunity, monitoring new developments that will impact growth, and highlighting the regulatory and technological imperatives that affect all stakeholders. Principal Focus Areas: Fraud Detection, Identity and Authentication
Merchant fraud detection Consumer fraud detection Fraud management systems and case handling Business impact of identity for FIs and merchants
Data-driven authentication Risk Mitigation Risk identification and mitigation technologies and strategies Product link risk Operational risk Risk assessment in alternative Payments Channels Data Analytics: Social Media, Mobile Data, Payments, and Privacy Privacy, data and compliance regulation M-commerce and the payments data stream Issuers, acquirers, and processor competition on data Big Data, AML, and KYC Commerce profiles, identity management and data-driven authentication· Opportunities for Growth/Emerging Markets Marketing and payments data Building data assets in developing markets Mobile data usage for payments and marketing Behavioral data analytics
 Most Recent Documents (7.01) |
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| Fraud Detection, Identity and Authentication (7.1) |
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| Risk Mitigation (7.2) |
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| Data Analytics: Social Media, Mobile Data, Payments, and Privacy (7.3) |
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| Opportunities for Growth/Emerging Markets (7.4) |
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