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The 13 Competitive Trends That Are Reshaping the Fraud Management Industry

The 13 Competitive Trends That Are Reshaping the Fraud Management Industry

In a rapidly transforming fraud management industry, innovative technology vendors are forcing new competitive trends upon their peers. Aite Group highlights the 13 most significant competitive trends that are reshaping the industry to the benefit of fina

Boston, MA, January 10, 2006 – In a new report, Aite Group presents the 13 competitive trends that are reshaping the fraud management industry. Based on over 50 interviews with fraud management vendors and U.S. financial institutions, the report highlights the competitive pressures that innovative technology vendors are forcing upon their peers. The report provides a description of the trends with a mention of the vendors leading them and makes recommendations to financial institutions to better take advantage of vendors' emerging value propositions.

"Although the issue of fraud is attracting much attention, the fraud management industry itself is going through considerable transformation, largely unnoticed. But a number of vendors are building propositions that will have a long-lasting effect on the industry as a whole, not merely on the particular niche in which they operate" comments Gwenn Bézard, a research director with Aite Group and author of the report.

The report mentions twenty-five firms, including ACI Worldwide, Business Signatures, Carreker, CheckFree, Corillian, Cyota, eFunds, Equifax, Experian, Fair Isaac, 41st Parameter, Harland, IBM, ID Analytics, MasterCard, PassMark, Pay-by-Touch, PaymentOne, Primary Payment Systems (First Data Corp.), Retail Decisions, Searchspace, SPSS, TransUnion, Unisys, and Visa.

This is a 30-page Impact Report. Clients of Aite Group's Retail Banking, Wholesale Banking, and Wealth Management services can download the report.