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Global Fraud Detection and Prevention Market was Valued at USD 28.9 billion in 2019 and is Expected to Reach USD 85.3 billion by 2025, Observing a CAGR of 17.8% during 2020–2025: VynZ Research

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NEW YORK,, May 15, 2020 (GLOBE NEWSWIRE) — The global fraud detection and prevention market was valued at USD 28.9 billion in 2019 and is expected to reach USD 85.3 billion by 2025, growing at a CAGR of 17.8% during 2020-2025.
Industry Insights by Offering (Solution [Fraud Analytics, Authentication, Governance, Risk, & Compliance {GRC}), Service [Professional Service, Managed Service]), by Enterprise Size (Small & Medium Enterprises, Large Enterprises), by Deployment Type (Cloud, On-Premises), By Vertical (BFSI, Retail, Telecommunication, Manufacturing, Healthcare, Others), by Fraud Type (Internal, External), by Threat Type (Account Takeover and Scanning, Digital Ad Frauds, Content Integrity Scamming, Wire and Automated Clearing House [ACH] Frauds and Card Cracking, Price Scraping, New Account Frauds, Phone Call Frauds, Acquirer and Merchant Frauds), by Application (Identity Theft, Payment Frauds, Money Laundering, Others)An increase in the use of artificial intelligence and Machine learning in the fraud detection and prevention market is predicted to create a huge opportunity in the forecast period. As the artificial intelligence and Machine learning decreases the workforce drastically, artificial intelligence and Machine learning help in creating the predictive models with the past data which will eventually detect the fraudulent activities and take the prevention steps accordingly.  Get a free copy of sample report: https://www.vynzresearch.com/ict-media/fraud-detection-and-prevention-market/request-sampleThe BFSI segment held the largest share in the global Fraud detection and prevention market in 2019Based on the vertical, the global fraud detection and prevention market is segmented into BFSI, Retail, Telecommunication, Manufacturing, Healthcare, and others. Among all the verticals, BFSI segment held the largest share in the global Fraud detection and prevention market in 2019. As the BFSI segment is considered to be the major threat for hackers as the BFSI deals with sensitive data. The amount of transaction and digitalization of payment in the BFSI sector allows the hacker to steal the most valuable information. So, most of the organizations in BFSI sectors are adopting the fraud detection and prevention system and software on a large scale to tackle the problem of the hackers which is predicted to gives a boost to the overall fraud detection and prevention market over the forecast period.The digital ad frauds category is expected to register the fastest growth rate during the forecast period (2020 – 2025) in the global Fraud detection and prevention marketBased on threat type, the global fraud detection and prevention market is categorized into account takeover and scanning, digital Ad frauds, content integrity scamming, wire and automated clearing house (ACH) frauds and card cracking, price scraping, new account frauds, phone call frauds, acquirer and merchant frauds. Of all, the digital ad frauds category is expected to register the fastest growth rate during the forecast period (2020 – 2025).Explore key industry insights in 113 tables and 65 figures from the 237 pages of report, “Global Fraud Detection and Prevention Market Analysis and Forecast to 2025 – Industry Insights by Offering (Solution [Fraud Analytics, Authentication, Governance, Risk, & Compliance {GRC}), Service [Professional Service, Managed Service]), by Enterprise Size (Small & Medium Enterprises, Large Enterprises), by Deployment Type (Cloud, On-Premises), By Vertical (BFSI, Retail, Telecommunication, Manufacturing, Healthcare, Others), by Fraud Type (Internal, External), by Threat Type (Account Takeover and Scanning, Digital Ad Frauds, Content Integrity Scamming, Wire and Automated Clearing House [ACH] Frauds and Card Cracking, Price Scraping, New Account Frauds, Phone Call Frauds, Acquirer and Merchant Frauds), by Application (Identity Theft, Payment Frauds, Money Laundering, Others)”Geography InsightGeographically, North America was the largest fraud detection and prevention market in 2019. This is owing to the rising fraudulent activities, increase in the adoption of the artificial intelligence and machine learning and IoT for fraud detection in the organization is predicted to give a boost to the North America region market in the forecast period.The Asia-Pacific fraud detection and prevention market is projected to witness fastest growth in the global fraud detection and prevention market during the forecast period, owing to the adoption of fraud detection and prevention software and system across various verticals.Competitive InsightSome of the key players operating in the global fraud detection and prevention market are FICO, Fiserv, FIS Global, Oracle Corporation, IBM Corporation, SAP SE, Lavastorm, ACI Worldwide, SAS Institute Inc., and NCR Limited.Do you have any specific research requirement? Ask for customization: https://www.vynzresearch.com/ict-media/fraud-detection-and-prevention-market/customize-reportGlobal Fraud Detection and Prevention Market CoverageOffering Insight and Forecast 2015 – 2025SolutionFraud AnalyticsAuthenticationGovernance, Risk, & Compliance (GRC)ServiceProfessional ServiceManaged ServiceEnterprise Size Insight and Forecast 2015 – 2025Small & Medium EnterprisesLarge EnterprisesDeployment Type Insight and Forecast 2015 – 2025CloudOn-PremisesVertical Insight and Forecast 2015 – 2025Banking, Financial Services, & Insurance (BFSI)RetailTelecommunicationManufacturingHealthcareOthersFraud Type Type Insight and Forecast 2015 – 2025InternalExternalThreat Type Insight and Forecast 2015 – 2025Account Takeover and ScanningDigital Ad FraudsContent Integrity ScammingWire and Automated Clearing House (ACH) Frauds and Card CrackingPrice ScrapingNew Account FraudsPhone Call FraudsAcquirer and Merchant FraudsOthersApplication Insight and Forecast 2015 – 2025Identity TheftPayment FraudsMoney LaunderingOthersGeographical SegmentationFraud Detection and Prevention Market by RegionNorth AmericaBy OfferingBy Enterprise SizeBy Deployment TypeBy VerticalBy Fraud TypeBy Threat TypeBy ApplicationBy Country – U.S., Canada, and MexicoEuropeBy OfferingBy Enterprise SizeBy Deployment TypeBy VerticalBy Fraud TypeBy Threat TypeBy ApplicationBy Country – Germany, U.K., France, Russia, and Rest of EuropeAsia-Pacific (APAC)By OfferingBy Enterprise SizeBy Deployment TypeBy VerticalBy Fraud TypeBy Threat TypeBy ApplicationBy Country – China, Japan, India, Australia, Singapore, and Rest of Asia-PacificRest of the World (RoW)By OfferingBy Enterprise SizeBy Deployment TypeBy VerticalBy Fraud TypeBy Threat TypeBy ApplicationBy Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other CountriesMore from VynZ Research:COVID-19 Outbreak – Impact Assessment on Tourism IndustryCoronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus. The diseases The COVID-19 outbreak has the most impact on the tourism industry. Amid lockdown across the globe, the sector has been the hardest hit by the outbreak. Since January 2020, almost every destination has put travel restrictions. And it is anticipated that the industry will be hit harder than the financial meltdown of 2008-2009 or any other event in recent history.Explore more at: https://www.vynzresearch.com/ict-media/covid-19-outbreak-tourism-industryGlobal Cloud Radio Access Network (C-RAN) Market Analysis and Forecast to 2025The global cloud radio access network (C-RAN) market was valued at USD 8.5 billion in 2019, growing at a CAGR of 20.0% during the forecast period. Cloud radio access network (C-RAN) refers to the centralized/cloud radio access network and is the liaison between the core network and mobile phone users. Increasing the number of mobile phone users, adoption of cloud infrastructure across industries, competition among the mobile network providers for launching 5G networks are expected to boost the demand for low cost and vastly scalable C-RAN technology.Explore more at: https://www.vynzresearch.com/ict-media/cloud-radio-access-network-c-ran-marketGlobal Beacon Technology Market Analysis and Forecast to 2025The global beacon technology market was valued at USD 1.7 billion in 2019 and is expected to reach USD 14.7 billion by 2025, growing at a CAGR of 44.0% during 2020-2025. The beacon technology industry is anticipated to experience substantial growth during the forecast period, owing to the various industry verticals using wide-ranging technology in various industry verticals consisting of education, retail, healthcare and hospitality.Explore more at: https://www.vynzresearch.com/ict-media/beacon-technology-marketBenefits of Report Purchase from VynZ:We provide accurate data and in-depth analysis with all-inclusive coverage. We focus on robust research methodology and data triangulation to ensure high quality report. We believe in providing 24*7 analyst support to our client – Pre and post purchase of the report as well as during the project tenure.We also offer 20% post purchase free customization in the study to meet your needs. Due. We claim full customer satisfaction as our core values lie in building long term relationship.About VynZ ResearchVynZ Research is a market research firm offering research, analytics, and consulting services on business strategies. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that includes comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, market shares and anticipated new trends & technologies arising across wide range of industries.Contact Us:VynZ ResearchCall: +91-996-028-8381Toll Free (U.S. and Canada): +1-888-253-3960Email: [email protected]Web: https://www.vynzresearch.comConnect with Us: LinkedIn | Facebook | Twitter

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Artificial Intelligence

Basware Makes Waves as a Leader in Accounts Payable Invoice Automation

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New analyst report recognizes Basware capabilities with the highest scores possible in the Exception Handling, Fraud and Risk Management, and Tax Compliance and Operations criteria.
CHARLOTTE, N.C., July 8, 2024 /PRNewswire/ — Basware, a global leader in AP automation and invoice processing, has been recognized as ‘a Leader’ in The Forrester Wave™: Accounts Payable Invoice Automation, Q3 2024.

CFOs, business leaders and AP (accounts payable) professionals have long sought automated invoice processes. But only recently, with the advent of AI, has there been a significant shift in the space. Companies must offer superior AI capabilities, greater automation, and more comprehensive insights into financial and cash data to attract new customers and retain existing ones.
According to the Forrester report, Basware was named as a leader in its 31-criterion evaluation. The company received the highest scores possible across 16 criteria, including Exception Handling, Fraud and Risk Management, and Tax Compliance and Operations.
The Forrester Wave™ report states:
“Basware heads the pack with a laser focus on automating the last mile of AP processes. As the largest specialist provider of APIA [Accounts Payable Invoice Automation] software, Basware has established itself as an APIA powerhouse with customer obsession, practical innovation, and solid execution. Its pragmatic product roadmap addresses critical client pain points related to compliance and fraud management.”
AP teams have been battling against external forces in recent years, such as macro-economic headwinds, the supply chain crunch, labor market shortages and expanding regulations, putting the squeeze on resources. To alleviate pressures, AP professionals need access to cost and time effective technologies that can manage increasingly complex business operations, support customers and always remain compliant with global regulations.
Nish Makwana, Finance Manager at Specsavers (customer of Basware), commented:  
“Being recognized as a leader in the Forrester report confirms the outstanding performance we’ve experienced as a customer of Basware’s AP automation and Statement Matching solutions.”
In recent months, Basware has furthered its commitment to innovation and delivering value to customers and the industry by:
Partnering with Deloitte to remove manual invoice processing and accelerate finance transformationAcquiring UK-based AP Matching to boost statement reconciliationLaunching AP Protect to help protect organizations from the threat of invoice errors and fraud using AIJason Kurtz, CEO at Basware, commented:
“AP teams are tasked with managing thousands of invoices and payments every week, often putting a strain on resources and pushing them to balance speed with compliance. The answer to this challenge? Unified end-to-end APIA solutions. The industry has been calling for enhanced automated solutions to support AP departments, and we’re helping our customers save time and money, while remaining compliant with ever-changing global regulations. We believe that being named a leader sets us apart from our competitors. But we’re just getting started, and the best is yet to come.”
In 2023, Basware experienced one of its most successful financial years in its almost 40-year history. It expanded its market presence and added over 300 customers to its global portfolio of over 1000+ AP customers. During that period, Basware handled over 200 million invoices and $900 billion in invoice spend through its platform.
About Basware
Basware is how finance leaders in global enterprises can finally automate their complex, labor-intensive invoice processes and stay compliant with regulatory change. Our AP automation and invoicing platform helps you achieve a new level of efficiency – in a matter of months – while reducing errors and risks. We bring a unique combination of true automation, complete coverage, and deeper expertise to make it all just happen for our customers. That’s why the world’s most efficient AP departments at thousands of companies rely on Basware to handle over 220 million invoices per year. Basware. Now it all just happens.™
For more information visit: https://www.basware.com/en/
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Cato Networks Named a Leader in the 2024 Gartner Magic Quadrant for Single-Vendor SASE

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Cato SASE Cloud Platform continues to shape the enterprise security market
TEL AVIV, Israel, July 8, 2024 /PRNewswire/ — Cato Networks, the SASE leader, today announced that Gartner, Inc. has recognized the company as a Leader in the 2024 Gartner® Magic Quadrant™ for Single-Vendor SASE.

“Cato’s true SASE platform is the antidote to IT complexity that persists in the face of ongoing so-called ‘platformization’ efforts,” said Shlomo Kramer, co-founder and CEO at Cato Networks. “Cato pioneered the SASE market and is shaping its future with best-in-class customer experience and a train of innovations that deliver on SASE’s promise.”
Built from its inception to be a platform, the Cato SASE Cloud combines operational excellence and an elegant customer experience. Cato’s autonomous cloud service offloads IT from the grunt work of extending, upgrading, patching, and scaling security infrastructure while sustaining resiliency and availability. “Platformization” is a portfolio approach to SASE and attempts to integrate multiple acquired products with differing code bases, form factors, policy engines, and data lakes into a single platform – an impossible task that is apparent to anyone familiar with the two approaches.
“We believe this Gartner recognition reflects what our customers experience with Cato every day,” continued Kramer.
As of July 3, 2024, on Gartner Peer Insights™, the Cato SASE Cloud Platform had an overall rating of 4.7 out of 5 for single-vendor SASE and 183 verified reviews – more than 10x of any Leader in the single-vendor SASE Magic Quadrant.
Cato Expands the Scope of Single-Vendor SASE
Gartner defines single-vendor secure access service edge (SASE) offerings as those that deliver multiple converged-network and security-as-a-service capabilities, such as software-defined WAN, secure web gateway, cloud access security broker, network firewalling and zero trust network access. These offerings use a cloud-centric architecture and are delivered by one vendor.1
The Cato SASE Cloud Platform extends beyond the original definition of SASE to deliver world-class performance and empower IT teams to eliminate threats and troubleshoot network incidents faster. Cato owns and manages the global cloud network, delivering an exceptional SASE experience to any enterprise worldwide. Functionally, Cato extends beyond threat prevention of the original SASE scope with SASE-managed endpoint protection (EPP/EDR) and SASE-based extended detection and response (XDR), the first AI-driven networking and security incident detection and response platform.
To experience Cato yourself, visit us at https://www.catonetworks.com.
1Gartner, Magic Quadrant for Single-Vendor SASE, Andrew Lerner, Jonathan Forest, Neil McDonald, Charlie Winckless, 3 July 2024
GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant and PEER INSIGHTS are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences with the vendors listed on the platform, should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.
Resources
Read the Cato blog, “With Great Leadership Comes Great Responsibility”Picture of Shlomo KramerCato Networks’ LogoAbout Cato NetworksCato Networks is the SASE leader, delivering enterprise security and networking in a single cloud platform. With Cato, organizations replace costly and rigid legacy infrastructure with an open and modular SASE architecture based on SD-WAN, a purpose-built global cloud network, and an embedded cloud-native security stack.
Want to learn why thousands of organizations secure their future with Cato? Visit us at www.catonetworks.com.

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Sinch Launches Omnichannel Connector on Salesforce AppExchange

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Expanding Messaging Capabilities for Businesses
SAN FRANCISCO and STOCKHOLM, July 8, 2024 /PRNewswire/ — Sinch (Sinch AB (publ) – XSTO: SINCH), which is pioneering the way the world communicates through its Customer Communications Cloud, today introduced the Sinch Omnichannel Connector on Salesforce AppExchange.  This innovative solution enhances conversational marketing opportunities and customer experiences by offering Salesforce Marketing Cloud customers advanced one-way and two-way messaging capabilities.  The solution is now available on Salesforce AppExchange.

The Sinch Omnichannel Connector seamlessly integrates with the Salesforce ecosystem, empowering businesses to elevate their marketing strategies by reaching and engaging customers across their preferred channels. This new offering expands the reach of Salesforce Marketing Cloud platform features, providing a comprehensive suite of omnichannel messaging capabilities. Businesses can now connect with customers through one-way and two-way messaging across 13 diverse channels, including platforms like RCS, Kakao Talk, Viper, and Instagram.  This expands Salesforce’s native channels of SMS, MMS, Email, WhatsApp, and LINE, providing a comprehensive communication solution. 
“With the Sinch Omnichannel Connector, businesses can enhance their customer communications, personalize engagements, and maximize the return on their marketing investments,” said Jonathan Campbell, Senior Director, Messaging Products at Sinch.  “Salesforce Marketing Cloud users can now leverage a broader spectrum of messaging channels through Sinch, beyond those directly supported by Salesforce, to optimize their marketing strategies and elevate customer engagement.”
 To get started, Salesforce Marketing Cloud users simply need to have an existing account and onboard the Conversation API through the Sinch Dashboard. From there, they can easily activate the channels of their choice, tailoring their messaging strategy to suit their unique business needs.
Sinch has partnered with Salesforce since 2014 when Salesforce expanded its SMS offering into international markets. Sinch is a strategic supplier for Salesforce’s global SMS delivery and provides enterprise-grade messaging solutions that support Salesforce and its global customer base.
For more information visit Sinch Omnichannel Connector
Salesforce, AppExchange, Marketing Cloud and others are among the trademarks of Salesforce, Inc.
CONTACT:
For further information, please contact:
Janet LennonDirector of Global Communications [email protected]
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/sinch-ab/r/sinch-launches-omnichannel-connector-on-salesforce-appexchange,c4012692

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