- The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading Enterprise Fraud Management (EFM) vendors
07 October 2022: Quadrant Knowledge Solutions announced today that it has published SPARK Matrix analysis of the global Enterprise Fraud Management (EFM) market.
The Quadrant Knowledge Solutions SPARK Matrix™: Enterprise Fraud Management includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of the leading EFM vendors in the form of its SPARK Matrix. It gives strategic information for users to evaluate different vendor capabilities, competitive differentiation, and market position.
“An enterprise fraud management (EFM) solution actively detects and prevents frauds and helps in improving the fraud investigations and user experience while complying with the global as well as local regulations. A robust EFM solution covers internal and external fraud across the channels, accounts, and users. An advanced EFM solution is backed by technologies such as AI, ML, and advanced analytics that help to drive actionable intelligence in detecting, analyzing, investigating, and resolving a large volume of alerts and cases. Moreover, these technologies are helpful in automating repetitive tasks and manual processes to improve process efficiency, resource utilization, and productivity.” says Pradnya Gugale, Analyst at Quadrant Knowledge Solutions.
An EFM solution helps organizations by providing comprehensive real-time risk monitoring and analysis of all transactions and identifying internal and external fraud covering all users, accounts, and channels. In addition, EFM solution vendors are focusing on improving their technology value proposition by enhancing the performance of their machine learning models and leveraging automation and advanced analytics to improve the accuracy and speed of fraud detection, fraud investigation, and triage. The EFM solutions’ primary focus is on enhancing customer experience and providing confidence to organizations to focus on revenue optimization strategy rather than on fighting frauds. An advanced EFM platform helps implement an effective fraud management strategy and offers fundamental value propositions, including effectively detecting and preventing frauds, minimizing fraud losses, enhancing the efficiency of fraud investigations, and improving the digital experience for customers. In addition to protecting organizations from reputational and financial damage, an advanced EFM solution also aids organizations in complying with the ever-increasing global regulations. Therefore, the need for such advanced fraud prevention solutions will increase in the future.
The research includes a detailed competition analysis and vendor evaluation with the proprietary SPARK Matrix analysis. The SPARK Matrix includes analysis of vendors, including ACI Worldwide, BAE Systems, BPC, Clari5, DataVisor, Eastnets, Featurespace, Feedzai, FICO, Fiserv, IBM, LexisNexis Risk Solutions, NICE Actimize, Quantexa, and SAS.
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients as a strategic knowledge partner in achieving business transformation goals with Strategic Business and Growth Advisory Services. Quadrant’s research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.
For more available research, visit: https://quadrant-solutions.com/market-research/
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Riya Mehar
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