target audience: TECH BUYER Publication date: Mar 2024 - Document type: IDC MarketScape - Doc Document number: # US51939124
IDC MarketScape: Worldwide Enterprise Fraud Solutions 2024 Vendor Assessment
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Abstract
This IDC study analyzes and evaluates several of the leading fraud risk management solution providers on the basis of their strategy and capabilities. Vendor strategy has been evaluated based on factors influencing the business strategy being pursued by each vendor and the perception of each vendor's customers with respect to their opinion of how successful that strategy is in addressing the fraud risk management concerns of each customer. Vendor capabilities have been analyzed based on those factors deemed to be influencing each vendor's fraud risk management solution capabilities. Customer opinion with respect to vendor capabilities has been considered with respect to the ratings provided to each fraud risk management solution vendor in the capabilities evaluation process.
"As fraud risk losses continue to increase, the pursuit of fraud risk management solutions designed to identify, mitigate, and prevent fraud incidents and losses is a topic with increasing focus within financial services." — Sean O'Malley, research director, IDC Financial Insights: Worldwide Compliance, Fraud and Risk Analytics Strategies