Less Is More

Although U.S. financial institutions could ease the development of enterprise fraud solutions by consolidating the number of vendors with which they work, firms are reluctant to reduce the number of vendors they employ for fear of weakening their defenses, according to a May 2005 report from Boston-based research and advisory firm Aite Group titled, "Enterprise Fraud Management: From Silo Integration to BPO."

Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio