We already have Governance Risk and Compliance systems (GRC) in place. Why do we need to invest in Fraud management?
GRC products help you manage known and evolving fraud risks and controls.
Fraud management complements this by:
(1) targeting unknown areas of potential fraud.
(2) stopping fraudulent transaction before they are concluded.
(3) offering the ability to analyse millions of transactions in real time by using HANA in memory database technology.