LONDON--(BUSINESS WIRE)--Quantzig, a global analytics solutions provider, has announced the completion of their recent fraud and risk analysis study on the banking industry. The client, a leading banking firm, wanted to cater to the needs of customers and provide better customer-oriented services. The key objective of the engagement was to identify the potential risks in the banking industry.
According to the fraud and risk analysis experts at Quantzig, “In today’s market scenario, risk analysis plays a major role in improving profitability and customer journey.”
The banking industry is facing short-term uncertainty due to the debt crisis that affected several major economies across the globe. Risk management in banks has changed substantially over the past few years. The regulations that emerged from the global financial crisis and the fines that were levied in its wake prompted a wave of change in risk functions. Banking firms are now adopting fraud and risk analysis solutions to understand their customers’ needs and overcome hurdles in the banking industry.
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The solution offered by Quantzig helped the banking firm to reach out to target customers. The client was able to transform their business model and provide better services to their customers. Additionally, the client was able to gain better clarity on the potential risks associated with transactions.
This fraud and risk analysis solution provided benefits that helped the client to:
- Manage risks and maximize ROI
- Automate data analysis methods and reduce losses
- To know more, request a free proposal
This fraud and risk analysis solution offered predictive insights on:
- Recognizing patterns of fraudulent transactions
- Increasing customer lifetime value
- To know more, request a free proposal
View the complete fraud and risk analysis study here:
https://www.quantzig.com/content/risk-analysis-banking-sector-data-analysis
About Quantzig
Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 12 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on all of Quantzig’s services and the solutions they have provided to Fortune 500 clients across all industries, please contact us.
