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Fraud analytics is the fastest growing technology in the global online payment fraud detection market owing to the increasing adoption of AI in online payment fraud detection solutions. Continuous advancements in technologies is leading fraudsters to use sophisticated tools resulting in challenging environment for enterprises to prevent themselves from fraud incidents. Hence, due to the need for real-time information, vendors have introduced technology-based online payment fraud detection solutions, which are more capable and intelligent.

Auditing is a periodic examination of documents, accounts, and vouchers in the business world. All types of organizations such as social, corporate, industries make audits. Auditing helps to detect frauds.