Search Results for: potential fraud

Shift Technology Analyzes Fraud, Waste, and Abuse Trends Impacting the Global Health Insurance Industry
Artificial Intelligence Fintech InsurTech News

1ST CENTRAL Selects Shift Technology to Spot Potential Fraud in the Claims and Application Process

Fintech News Desk
by Fintech News Desk0
UK Motor Insurer Views Fraud Mitigation as Benefiting Honest Policyholders Shift Technology, a provider of AI-native fraud detection and claims automation solutions for the global insurance industry, announced that 1ST CENTRAL, a leading UK-based motor insurance provider has selected the company to support its fraud detection initiatives. As a result, 1ST CENTRAL......
Unit21’s State of Fraud and AML Report Finds Scams Continue to Strike, While Real-Time Monitoring Shows Real Potential
Compliance management News Risk Management

Unit21’s State of Fraud and AML Report Finds Scams Continue to Strike, While Real-Time Monitoring Shows Real Potential

Business Wire
by Business Wire0
Unit21, a global risk and compliance leader that proactively mitigates risks tied to fraud, money laundering, and other financial crimes, announced the findings of its third annual State of Fraud and AML report at Money2020. “The burden on fraud and AML teams across FIs and fintechs is well known, but what......
Analysis of Potential Impact of Global Economic Recession on Financial Frauds
Analytics Banking Featured

Analysis of Potential Impact of Global Economic Recession on Financial Frauds

Sudipto Ghosh
by Sudipto Ghosh0
Feeble growth accompanied by uncertain developments have led us into another economic recession. Just when the world was recovering from the Post-COVID damages, new kinds of challenges emerged to push back economic revival. Following a tumultuous few years, economies around the world are bracing themselves for a possible recession. With......
Kaspersky Detects Over 1,500 Fraudulent Global Resources Targeting Potential Crypto Investors and Highlights the Threat of Malicious Crypto Miners in Africa
Cryptocurrency Currency Exchange News

Kaspersky Detects Over 1,500 Fraudulent Global Resources Targeting Potential Crypto Investors and Highlights the Threat of Malicious Crypto Miners in Africa

Fintech News Desk
by Fintech News Desk0
Kaspersky’s research shows that in some African countries, the threat of malicious crypto miners, remains prevalent Since the beginning of 2021, Kaspersky has detected more than 1,500 fraudulent global resources aimed at potential crypto investors or users who are interested in cryptocurrency mining. During this period, the company also prevented......
Baron & Budd Investigates Potential Lawsuits Regarding Paycheck Protection Program Lender Fraud
Business News

Baron & Budd Investigates Potential Lawsuits Regarding Paycheck Protection Program Lender Fraud

Fintech News Desk
by Fintech News Desk0
The firm is investigating claims that PPP lenders may be issuing fraudulent PPP loans and accepting illegal kickbacks from borrowers Today, the national law firm of Baron & Budd announced it is investigating claims that some banks and lenders may be exploiting the Paycheck Protection Program by issuing fraudulent loans in exchange......
Alogent Launches Alogent Shield: Advanced Check Fraud Mitigation Suite of Capabilities Utilizing AI and Machine Learning to Reduce Losses Across All Deposit Channels
Banking Fintech News

Alogent Launches Alogent Shield: Advanced Check Fraud Mitigation Suite of Capabilities Utilizing AI and Machine Learning to Reduce Losses Across All Deposit Channels

Cision PRWeb
by Cision PRWeb0
Alogent, a leading global provider of software solutions for the banking and financial services market, announced the launch of Alogent Shield, an advanced set of comprehensive features designed to tackle the rising threat of check fraud across all deposit channels. With two distinct offerings that seamlessly integrate into Alogent’s item processing suite of solutions, Alogent......
New FICO Survey: Consumers Will Switch Banks If Fraud Prevention Expectations Are Not Met
Finance Fintech News Risk Management

New FICO Survey: Consumers Will Switch Banks If Fraud Prevention Expectations Are Not Met

Business Wire
by Business Wire0
Global survey shows that real-time-payments (RTP) usage and scams are growing both in frequency and value of loss worldwide A new global FICO survey finds that more consumers reported that their family and friends have been victims of real-time payment scams in 2024 (56%) versus 2023 (51%). 50% of consumers......
FundingShield Announces Integration with OptiFunder to Deliver Integrated Fraud Prevention Services
Compliance management Fintech News

FundingShield Announces Integration with OptiFunder to Deliver Integrated Fraud Prevention Services

Business Wire
by Business Wire0
FundingShield, a market-leading fintech providing plug-and-play solutions to manage risk, compliance, and fraud prevention, has entered into an integration agreement with OptiFunder, the creators of OptiFunder WMS and Greyhound Warehouse Management System whose innovative solutions power automation from mortgage loan funding, through the warehouse and investor delivery process. The integration will......
Alkami Helps Banking Leaders Combat Emerging Check and Real-time Payments Fraud
Banking Digital Payments Finance Fintech News Risk Management

Alkami Helps Banking Leaders Combat Emerging Check and Real-time Payments Fraud

PR Newswire
by PR Newswire0
Industry experts unveil strategies in webinar to tackle emerging fraud threats as real-time payments surge and check fraud remains a leading risk Alkami Technology, Inc., a leading cloud-based digital banking solutions provider for financial institutions in the U.S., recently held its latest webinar, “Banking on Security: Check & Real-Time Payments Fraud,” aimed at helping financial institutions address......
Artificial Intelligence Banking Digital Payments Featured Finance Fintech Risk Management Security

Combating Payment Fraud with AI-Powered Risk Scoring

Fintech Staff Writer
by Fintech Staff Writer0
Digital banking has revolutionized how people manage finances, but it has also increased exposure to payment fraud. As fraudsters become more sophisticated, traditional rule-based methods struggle to keep pace. AI-powered risk scoring provides a more robust solution by analyzing vast amounts of transaction data and identifying subtle patterns that indicate......
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