Why would a financial institution automate their fraud detection process?
To add more steps for purchases to be approved
To save time
To reduce errors
To require less contact with customers

Question

07-06-2024
Business

Answered

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Why would a financial institution automate their fraud detection process?
To add more steps for purchases to be approved
To save time
To reduce errors
To require less contact with customers

Sagot :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-06-07T00:29:15-04:00

Final answer:

Financial institutions automate fraud detection for efficiency and security.

Explanation:

Financial institutions automate their fraud detection process to save time, reduce errors, and enhance efficiency. By automating this process, institutions can quickly identify suspicious activities, minimize false positives, and prevent potential fraud before it occurs. This automation helps in protecting the institution's assets and maintaining customer trust.

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Final answer:

Explanation:

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