Accurate data – It provides a broader set of insights than traditional analytics, allowing banks to gain a better view of prospective risks and, as a result, accurately predict risk.
Fewer missed fraud activities – Fraud actions that go undetected can jeopardize federal banking regulations compliance. Valire Software enables faster detection of fraud activities, ensuring that the bank remains compliant at all times.
More efficient – In comparison to other existing systems, Valire Software can monitor a huge number of banking transactions and detect fraud in a far more sophisticated manner with far fewer resources.
Less need for administrative intervention – Valire Software is self-contained and does not require regular monitoring, allowing the IT department to focus on other aspects of compliance regulation.
Streamlined processes – Cognitive computing increases production while lowering expenses by increasing the rate at which decisions are made about a transaction.
Rapid deployment – Valire Software can be deployed within 8-16 weeks