Leverage Big data for fraud detection
Now a day's Financial industry as well as Banking system are facing most costly challenges in terms of fraud and other financial crimes. Big Data processing framework like Hadoop and its eco systems are started helping to detect, prevent and eliminate internal and external fraud as well as reduce the associated costs. Analyzing points of sales (POS) in shopping malls. hospitals, retail stores etc and other transactions places, Banking system are capable enough to identify and mitigate fraud immediately....