Question

. When would one use the analytic application fraud detection?

Answer 1

Answer:Fraud detection through analytical method is used for detection of the fraud transactions,bribe activity etc in companies, business,etc. This techniques helps in the reduction of financial frauds in the organization, have the control over company to protect it,decrease in the fraud associated costs etc.

It has the capability of identifying the fraud which has happened or going to happen through the analytical ways and human interference. The organizations or companies require efficient processing and detection system for identification of such false happening.