{"id":7209,"date":"2021-12-16T17:50:14","date_gmt":"2021-12-16T12:20:14","guid":{"rendered":"https:\/\/tradebrains.in\/features\/tigergraph\/"},"modified":"2021-12-16T17:55:12","modified_gmt":"2021-12-16T12:25:12","slug":"tigergraph","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/tigergraph\/","title":{"rendered":"CareEdge (CARE Risk Solutions P Ltd.) Partners with TigerGraph to Build Customer Analytics and Fraud Solutions with Graph Database Technology"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3702028693\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>TigerGraph\u2019s Capabilities Allow CareEdge Risk Solutions to Run Real-Time Deep Link Analytics Across Massive Datasets, Delivering New Insights Faster and More Accurately  New Delhi, Delhi, India \u2013 Business Wire India   TigerGraph, provider of the leading graph analytics platform, today announced that it will be delivering new analytical capabilities for CareEdge Risk Solutions to develop the next generation of customer and fraud solutions to financial institutions to manage risk and compliance, acquire customers and improve operational efficiencies.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2315752666\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> Using TigerGraph\u2019s graph database technologies and ready-made anti-money laundering (AML) and fraud prevention software toolkits, CareEdge Risk Solutions can now massively increase the amount of data it analyzes while also more deeply interrogating the relationships between different data points.<\/p>\n<p> With 4,000 customers worldwide, CareEdge Risk Solutions provides financial institutions with cutting-edge software solutions for risk management, finance automation and regulatory and financial compliance. It helps industry leaders derive deep insights into their business and craft effective growth strategies.<\/p>\n<p> The partnership with TigerGraph means CareEdge Risk Solutions can overcome bottlenecks such as the lack of scalability, visualization or accuracy that traditional databases are often limited by.<\/p><div class=\"trade-content_5\" id=\"trade-148114543\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> CareEdge Risk Solutions will be able to get answers faster and more precisely for businesses that depend on fraud analysis to make important business decisions. For example, it might find that a company is overexposed, say, in the metals and mining sector and that might increase the risk for a lender if credit is extended to the company.<\/p>\n<p> Between US$800 billion to US$2 trillion are estimated to be laundered globally each year, though the total amount that goes through the cycle is hard to pinpoint, according to the United Nations.<\/p>\n<p> With TigerGraph\u2019s graph analytics platform, CareEdge Risk Solutions can detect, for example, a fraudulent transaction that is being made from a stolen or seldom-used bank account by matching patterns, following the money flow and discovering links to it.<\/p>\n<p> These insights are possible because TigerGraph is the only graph database capable of providing real-time deep link analytics across multiple nodes or hops for massive datasets. It is able to take unstructured data and automatically reorganize the data according to history and similarities, thus revealing previously undetected relationships and links.<\/p>\n<p> Previously, CareEdge Risk Solutions found it challenging to build and display relationships between different entities, such as companies and shareholders in its investigations. It also sought to uplift and enhance its risk and compliance solutions by bringing in money laundering and fraud prevention capabilities.<\/p>\n<p> New Insights for Customer Acquisition  With TigerGraph\u2019s technology, CareEdge Risk Solutions is also revolutionizing the way it uses artificial intelligence, machine learning and data analytics to discover new insights for its customers.<\/p><div class=\"trade-content-10\" id=\"trade-2263611145\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> Besides fraud, CareEdge Risk Solutions can make use of the relational capabilities of graph databases to help a bank acquire new credit card customers. Through improved customer analytics, it can better understand what potential customers seek from a credit card, thus allowing the bank to target its offerings more precisely.<\/p>\n<p> One important improvement is the way that the findings from data analysis are visualized. Using TigerGraph\u2019s ready-to-go toolkits, CareEdge Risk Solutions will be able to develop applications quickly with modern user interfaces that deliver insights with impact.<\/p>\n<p> Another benefit is the fast go-to-market that TigerGraph\u2019s bundle of capabilities provides. Easy to deploy and seamless to integrate with other systems, it enables CareEdge Risk Solutions to start delivering solutions to customers in 30 to 45 days.<\/p>\n<p> Additionally, TigerGraph works with different clouds so CareEdge Risk Solutions does not worry about being locked into cloud-specific tools that can prove to be inflexible in the future.<\/p>\n<p> Operational Efficiencies with Graph Databases  &#8220;In terms of efficiency, CareEdge Risk Solutions expects a five percent increase in catching fraud with TigerGraph and an additional six percent increase with visualization,&#8221; said Kiran Surve, CEO of CareEdge Risk Solutions.<\/p>\n<p> Kiran commented, \u201cWe wanted our risk and compliance solutions to be built on superior technology with scalable analytics platform and one which offers graph as a service. TigerGraph scored high on our internal evaluation.\u201d  These efficiencies are important as CareEdge Risk Solutions helps customers improve financial supply chain management. The greater visibility offered by graph database opens up new opportunities that enable borrowers and lenders to be transparent about creditworthiness. With this, loans can be more efficiently and safely approved, especially for small and medium enterprises (SMEs).<\/p>\n<p> \u201cGraph analytics\u2019 penetration in data complex industries like financial services would drive significant value. It\u2019s important to invest in robust platforms which not only are scalable but also have defined solutions for the industry,\u201d said Kiran.<\/p>\n<p> \u201cPartnering with TigerGraph allows us to improve our capabilities multifold, from tackling the growing menace of money laundering to empowering banks and businesses in the supply of credit,\u201d he added.<\/p>\n<p> \u201cIn a data-driven world, we need new tools that can go through voluminous amounts of data, make meaningful discoveries quickly and deliver the results in an impactful way,\u201d said Khushal Bhansali, India country manager at TigerGraph.<\/p>\n<p> \u201cThe partnership with CareEdge Risks Solutions demonstrates the importance of real-time insights that TigerGraph\u2019s capabilities can offer to financial institutions to meet future challenges,\u201d Bhansali added.<\/p>\n<p> Helpful Links  \u2022  Get TigerGraph \u2022  TigerGraph Cloud \u2022  TigerGraph Website \u2022  TigerGraph Blog \u2022  TigerGraph on Twitter \u2022  TigerGraph on LinkedIn  About TigerGraph  TigerGraph is a platform for advanced analytics and machine learning on connected data. Based on the industry\u2019s first and only distributed native graph database, TigerGraph\u2019s proven technology supports advanced analytics and machine learning applications such as fraud detection, anti-money laundering (AML), entity resolution, customer 360, recommendations, knowledge graph, cybersecurity, supply chain, IoT, and network analysis. The company is headquartered in Redwood City, California, USA. Start free with tigergraph.com\/cloud.<\/p>\n<p> About CareEdge Risk Solutions (CARE Risk Solutions P Ltd.)  A wholly-owned subsidiary of CARE Ratings Ltd, CareEdge Risk Solutions has over 15 years of global experience in providing cutting-edge Risk &#038; Compliance solutions to Banks and Financial Institutions. With a sustained presence in more than 10 countries and with over 80+ implementations, CareEdge Risk Solutions has consistently focused on customer experience &#038; helping financial institutions manage Governance and control Financial &#038; Operational risk.<\/p>\n<p>To View the Image, Click on the Link Below:  Khushal Bhansali, India Country Manager, TigerGraph    PWR PWR<\/p>\n<div class=\"trade-after-content\" id=\"trade-2978500846\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>TigerGraph\u2019s Capabilities Allow CareEdge Risk Solutions to Run Real-Time Deep Link Analytics Across Massive Datasets, Delivering New Insights Faster and More Accurately New Delhi, Delhi, India \u2013 Business Wire India TigerGraph, provider of the leading graph analytics platform, today announced that it will be delivering new analytical capabilities for CareEdge Risk Solutions to develop the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-7209","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CareEdge (CARE Risk Solutions P Ltd.) 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