fraud-prevention
FinancePreventing fraud amidst the great payments disruption
BankingBiometrics is the Fraud-Fighting superhero banks deserve
FinanceWhen financial and cyber crime collide
TechnologyHow speech recognition and AI are fighting insurance fraud
Nearly 80 percent of financial firms use AI to improve services, reduce fraud
Date: March 28, 2022
NVIDIA’s “State of AI in Financial Services” survey details the growth of AI adoption in capital markets, retail banking and investment firms. From the largest firms trading on Wall Street to banks providing customers with fraud protection to fintechs recommending best-fit products to consumers, AI is driving innovation across the financial services industry. New research...
We’re about to witness a FinTech epidemic, kosec CEO warns
Date: March 15, 2022
By Michael Kodari, CEO of KOSEC – Kodari Securities Fintech fraud is growing rapidly. As society becomes increasingly reliant on technology, the unfortunate truth of the matter is it also becomes more vulnerable to cybercrime, says KOSEC CEO Michael Kodari. Borderless, sophisticated and nearly invisible, cybercrime is committed anonymously, at scale and remotely; sometimes, and...
Britain to force big tech to combat online scams
Date: March 9, 2022
By Huw Jones LONDON (Reuters) -Britain said on Tuesday it would force Google, Facebook, Twitter and other online platforms to prevent paid-for fraudulent adverts after calls from regulators and consumer groups for a stronger crackdown on scams. The government said its draft law on preventing online harms would include the requirement for large platforms to...
With SCA deadline looming – what happens next?
Date: March 8, 2022
By Rob Crutchington, Managing Director of Encoded Organisations with an online presence need to be sure they are ready for full Strong Customer Authentication (SCA) compliance for e-commerce transactions. From 14 March 2022 any merchant that fails to comply with the requirements could be subject to Financial Conduct Authority (FCA) fines and risk customer purchases being...
3 verafin alternatives to look at in 2022 | ScanWriter, BankScan, and CFIS
Date: March 7, 2022
“Evaluating alternatives is a critical part of the decision-making process. Weighing the pros and cons of each option will help you make an informed choice.” Verafin is one of the popular crime management software that helps detect and investigate financial crimes. However, It is cloud-based software, not premise-based, which creates the risk of data insecurity....
As the SCA deadline approaches, fraud prevention is all the more important
Date: February 23, 2022
By Ed Whitehead, Signifyd Managing Director, EMEA Risk professionals and retail leaders for months have been fixated on the new strong customer authentication (SCA) requirements that arrived with PSD2 — and rightfully so. The new payments regulation, which will be mandatory in the UK in March 2022, is a once-in-a-generation change with the potential to...