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In this sponsored article, Dmitry Dolgorukov, CRO and Co-Founder of HES FinTech, suggesets that to effectively combat fraud, microfinance institutions must establish robust fraud detection systems. Early detection and prevention of fraudulent activities are vital in minimizing financial impact and safeguarding the funds of vulnerable customers. Microfinance institutions face a significant menace in the form of fraudulent activities, endangering their provision of financial services to underserved communities. Fraud not only leads to substantial financial losses but also erodes trust in the system, impeding the mission of microfinance institutions to foster inclusive growth and alleviate poverty.
The essential first step for manufacturers is to consider how much data the enterprise has at its disposal. Most manufacturers collect vast troves of process data but typically use it only for tracking purposes, not as a basis for improving operations. The challenge is for these players to invest in the systems and skillsets that will allow them to enhance their use of existing process statistics. This Guide, sponsored by Dell Technologies, will walk through some of the ways to expand the scope of analytics to further increase business value.
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