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CBA caps fraud to 2003 levels

09 August 2013 7:00am
The Commonwealth Bank has capped its fraud exposure to 2003 levels, thanks to real-time data analytics.

Two security analysis platforms the financial crimes system and a real-time transaction monitoring system that are linked directly to the bank's core banking platform remain front and centre of CBA's war on crime, according to Matt Keaney, general manager of financial crime services.

Speaking at the SAS Forum on data analytics in Sydney yesterday, Keaney said that, besides capping the cost of fraud to the bank, the costs associated with delivering this level of...

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