The increase in online transactions and uncertainty pose another challenge due to the potential rise in fraud that may occur, incorporating solutions based on advanced analytics and artificial intelligence will be key to optimally managing financial risks and identifying fraud, all within a solid corporate data governance framework that guarantees regulatory compliance on data processing and makes this information available in a way that is agile and secure for its use in the entity.
Incorporation of advanced analytics and artificial intelligence in a financial institutions risk control processes to evolve existing models, including their enrichment from external sources, such as telco data.