Answered

Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Connect with a community of experts ready to help you find accurate solutions to your questions quickly and efficiently. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

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 :

GinnyAnswer

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.


Learn more about Fraud detection automation here:

https://brainly.com/question/43463717


Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We hope this was helpful. Please come back whenever you need more information or answers to your queries. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.