Vietnam
Vietnam Vietnam
Consumers encountered most fraud incidents in retail and telco during the past 12 months
  • 55%
    TELCO
  • 54.5%
    RETAIL
  • 32.8%
    TELCO
  • 35.2%
    RETAIL
  • 55% and 54.5% have experienced fraud at least once in retail and telco, respectively, compared to 32.8% and 35.2% on average
  • Impact: Overall anti-fraud capabilities need improvement
Thailand
Thailand Thailand
Most Thai consumers believe speed and resolution are severely lacking (response/ detection speed toward fraud incidents)
AP Average
  • 60.5% think it is most important, compared to 47.7% on average
  • Impact: Response time as one of key factors to fraud management to retain customers and gain their trust
India
India India as standalone
Consumers have the largest number of shopping app accounts in the region
India
  • Average of three accounts per person
  • Impact: Highest exposure to online fraud
China
China China
Consumers are the most tolerant toward submitting and sharing of personal data
AP Average
  • 46.6% compared to the AP average of 27.5% are accepting of sharing personal data of existing accounts with other business entities
  • Impact: higher exposure of data privacy and risk of fraud
New Zealand
New Zealand New Zealand
Consumers make most of their payments by internet banking
  • 74%
    BFSI
  • 70.5%
    TELCO
  • 54.5%
    RETAIL
  • 46.5%
    BFSI
  • 39.6%
    TELCO
  • 40.7%
    RETAIL
  • A higher percentage make payments via internet banking to banks and insurance companies, telcos, and retailers, respectively, compared to the regional average
  • Impact: Anti-fraud capabilities critical to the increased digital transaction frequency and customers’ trust in banks
Australia
Australia Australia
Consumers are most satisfied with the post-fraud service of banks and insurances companies
  • More than 70% satisfaction rate compared to 59.7% on average
  • Impact: Increased trust in BFSIs
Indonesia
Indonesia Indonesia
Consumers that encountered most fraud incidents in the past 12 months
49%
34.7%

AP Average

  • 49.8% have experienced fraud at least once compared to 34.7% on average
  • Impact: Overall anti-fraud capabilities need improvement
Singapore
Singapore Singapore
Consumers have the highest trust towards government
AP Average
  • 75.5% choose government agencies, compared with 51.7% on average
  • Impact: Trust of personal data protection is centered around government agencies
Hong Kong
Hong Kong Hong Kong
The least percentage of consumers with high satisfaction level toward banks and insurance companies’ fraud management
AP Average
  • Only 9.7% are most satisfied compared to 21.1% on average
  • Impact: effective response towards fraud incidents to be improved
alert
Japan Japan as standalone
Consumers most cautious on digital accounts and transactions
50.7% Actively maintain digital accounts’ validity
27% AP Average
45.5% Do not do online bank transfers
13.5% AP Average
  • More than 70% did not encounter fraud incidents in past 12 months, compared to 50% on average
  • Impact: Relatively low risk of fraud

Advanced analytics: Our view on the future of data insight

Advanced analytics: Our view on the future of data insight

90% of the world’s data has been created in the last two years. By 2020, the same amount of data again, will be created every minute.

 

It’s well understood that more data brings more opportunity. But to realise that potential, you need to be able to extract the relevant insight. Before data can be used, it needs to be interpreted and understood. That’s where analytics comes in. Technology has advanced just as quickly as our data universe has expanded, and today’s analytics can make better sense of data – at scale, and at speed – more accurately than any human.

 

That’s all very well for big data companies, but what about wider business? To what extent are you able to take advantage of this flood of data?

 

From the white paper you’ll find out:

 

 

Dealing with digital developments requires an adaptive, agile approach. In a competitive world, it’s imperative to be able to spot opportunities, assess ideas quickly, and test and learn.

 

We believe analytics needs to be much easier for businesses to access, and that you shouldn’t have to independently invest in this, or be a data scientist in order to benefit. Instead accessing the tools and expertise you need to understand the opportunities for your business will be beneficial in the long-term as change occurs, and new developments occur. By being able to access sophisticated techniques, which are continually invested in and contain the highest level of sophistication, will be hugely beneficial for every business moving forwards.

 

###

 

When the industrial revolution decentralised power, it made electricity from the factories available to the masses in a way that fundamentally changed society. Today, we’re decentralising data. We’re taking data from a central repository to give more businesses access to it in a controlled, secure environment. We’re confident that when businesses are able to experiment with data and analytics in that way, they’ll be able to access insights that transform the way they work.

 

Download the white paper to learn more.

Read full article

Experian

By Experian 10/14/2019

Advanced Analytics. Our view on the future of data insight

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