Dublin, Ireland - The lack of a structured prioritization model for allocating risk and fraud budget resources is hindering many financial institutions in their fraud mitigation efforts, according to Research and Markets, which has announced the addition of new Javelin Strategy report "Risk & Fraud Budgeting Model: Prioritizing the 2008 Budget for Effective Fraud Mitigation" to their offering.
This report aids institutions in their anti-fraud prioritization efforts, providing a set of steps and recommended inputs for FIs to leverage in their respective 2008 budget prioritization models. Utilizing robust qualitative data gathered from executive interviews and quantitative findings from the nation's most comprehensive study on identity fraud, Javelin investigates the current prioritization practices, and recommendations to eliminate problems with existing processes.
Primary questions include:
- What is fraud "prioritization" and what are the benefits of a structured, fact-based budget prioritization model to brand, customer loyalty, losses and overall ROI?
- How are FIs prioritizing investments and resources to combat identity fraud?
- What are the common obstacles that executives face in the prioritization process?
- What are the components of an effective budget prioritization model?
- How can a structured model be used to make more effective and dynamic decisions?
Source: Business Wire
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