6Aug-Sept 2018Copyright © 2018 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.AUG - SEPT - 2018Managing EditorSarah DawsonEditorial StaffAaron Pierce Ava Garcia Ashik JainJoshua ParkerVisualizerSarath MFinancial Fraud Detection specialSales*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEditor's NoteSarah DawsonManaging Editoreditor@cfotechoutlook.comFinancial Fraud:Better Safe than SorryAndrew Smith andrew@cfotechoutlook.com By 2021, cyber crime will cost the world six billion dollars annually; a fair share of which would be deemed to slip through the funnels of fraud. It's no brainer to postulate that financial services will continue to be the prime target. The underlying transactional and infrastructural sophistications are bound to become more complex especially with the influx of transaciotnal anonymity and crypto currencies. On the good side, cutting edge tech powered by AI and analytics will continue to effectively shield enterprise and their valuable customer base. As such, akin to ensuring cyber security, by aligning with the notions of `better safe than sorry' is the best bet available for enterprises to minimize an impending, ever-evolving risk factor. Installing robust, hassle-free multi factor authentication systems, agile KYC processes, streamlining investigations with intelligent case management, and having powerful visualization tools in place for a bird's eye view on enterprise wide transactions are some of the strategic measures that companies can implement to safeguard themselves. Relying on toolsets and automation alone, may not be the best way to go about tackling the issues. A human assisted strategy--be it alongside processes or while end evaluation--will turn out to provide a breath of assurance for CFOs. In this scenario, CFO Tech Outlook presents to you its special edition on financial fraud detection and prevention. Coming up with this edition has been a dive into exploring a number of innovative service providers, changing trends, needs of the hour and a glimpse into how the future would turn out to be. We hope the valuable insights from industry thought-leaders and the innovative solutions from leading as well as emerging companies featured in this edition will help you in making informed decisions for your enterprise.Contact Us:Phone:510-565-7614Fax:510-894-8405Email:sales@cfotechoutlook.comeditor@cfotechoutlook.commarketing@cfotechoutlook.com Aug - Sept - 2018, Vol 04-04 Published by ValleyMedia, Inc. To subscribe to CFO Tech OutlookVisit www.cfotechoutlook.com
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