Time for a New Way to Fight Fraudsters?
Startup Argyle Data sees banks and securities firms as ripe for a new approach to fighting hackers and other financial criminals that exploits Big Data and machine learning technologies.
Every year, hackers and other financial criminals cost financial services firms billions of dollars in stolen revenue. While it’s unlikely financial fraud will be stomped out altogether any time soon, Tom Ryan, CEO of Argyle Data, believes his startup has found a way to offer firms a quantum leap forward in their preventative capabilities.
By harnessing some of the powerful technologies at the heart of digital behemoths like Google, Facebook and the National Security Agency (NSA) in a highly targeted manner, Argyle aims to keep firms in the black and fraudsters on their toes, Ryan says.
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