advanced data preparation tools

How Advanced Data Preparation Tools Help Meet Compliance Requirements

Regulatory stress tests are among the most powerful tools to determine whether large banks have adequate capital to withstand the impact of adverse economic and market conditions. At the same time, banks are under increasing pressure to control the costs associated with soaring regulatory and compliance requirements – costs that strain their operating budgets. Consequently, […]

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Meeting the New Revenue Recognition Standards in Telecom

Telecom companies across North America and Europe are facing increasing complexity in recognizing revenue under regulatory requirements such as IFRS 15. In its Accounting Standards Update 2014-09, Revenue from Contracts with Customers, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) issued a new standard on revenue that replaces nearly all […]

X-Ray Vision Glasses for Data

As a Sales Engineer for Lavastorm Analytics, I spend more than 80% of my time working with Tier 1 and Tier 2 financial institutions in North America. What I find astonishing is that the majority of reporting on the world’s money, which is controlled by these collective institutions, isn’t an exact science. These companies control […]

“How I Did It” by Victor Frankenstein: Building Trusted Reports and Analysis That Improve Results

In the brilliant 1974 American comedy, “Young Frankenstein”, Dr. Frederick Frankenstein, wonderfully portrayed by Gene Wilder, discovers his grandfather Victor’s private journals, cleverly titled “How I Did It”, in which he documented how he had animated the dead. Armed with the “how” from his grandfather’s journals, Frederick decides to resume his grandfather’s experiments, but things […]

Fraud Management Trends in the Telecommunications Industry – New Lavastorm Research

Over the past year and a half, Lavastorm Analytics has been conducting market research in order to provide our customers with insight into the Analytics industry and the Analytics Skills necessary to be successful in today’s environment. Now, we’re pleased to announce that we’re adding Fraud Management Trends in the Telecommunications Industry to our list […]

What’s Hot in Telecom Fraud Management – The Buzz at CFCA

Last year’s Communications Fraud Control Association’s (CFCA) survey outlined the major sources of telecom fraud for communication service providers (CSPs) as: Compromised PBX/Voicemail Systems, Subscription Fraud/Identity Theft, International Revenue Share Fraud (IRSF), By-Pass Fraud, and Credit Card Fraud. At the latest CFCA Meeting, held earlier this month, the major topics included machine-to-machine (M2M) fraud, more […]

Corporate Revenue Risk and Compliance: A Look Ahead at Tomorrow’s Fraud Management and Revenue Assurance Organizations

As a consultant and trainer for telecommunications revenue assurance and fraud management (RAFM) teams, I travel around the world and get a good sense for how telecom and cable companies are organizing themselves for RAFM.  Overall, I see a number of shifts that will eventually evolve the RAFM organization into a Corporate Revenue Risk & […]