Search Results for: financial fraud

What 13.6 Million Bank Switchers Tell Us About Financial Loyalty in 2023
Banking Guest Posts Mobile Banking

What 13.6 Million Bank Switchers Tell Us About Financial Loyalty in 2023

Shiva Sharif
by Shiva Sharif0
In 2023, as many as 13.6 million Americans are considering switching banks. In an industry built on long-term relationships, that’s a lot of potential upheaval in an industry that’s already experienced a tremendous amount of disruption. So what can bank marketers and other financial brands learn from these customers who......
Unit21, the Risk and Compliance Infrastructure Company Helping Clients Prevent Financial Crime
Fintech News

Unit21, the Risk and Compliance Infrastructure Company Helping Clients Prevent Financial Crime

Business Wire
by Business Wire0
Financing, led by Tiger Global with participation from South Park Commons, has helped foster the growth of a collaborative community of professionals working to stop financial fraud Reports surging participation in fraud data consortium Fintech Fraud DAO, which launched last fall and covers more than 10% of adult consumer transactions......
New Research by Kroll Finds Over Two-Thirds of Global Executives and Risk Professionals Will Turn to Technology to Counter the Expected Increase in Financial Crime Risks
News Risk Management

New Research by Kroll Finds Over Two-Thirds to Counter the Expected Increase in Financial Crime Risks

Business Wire
by Business Wire0
 Increasing pressure on compliance teams reinforce the need for adoption of technologies that can drive greater efficiencies in risk management, anti-money laundering (AML), sanctions and anti-bribery and corruption programs. Kroll, the leading independent provider of global risk and financial advisory solutions, released its 2023 Fraud and Financial Crime Report which found......
Treasury Prime Announces Partnership with Sardine to Strengthen Fraud Detection Capabilities for Banks
Banking News

Treasury Prime Announces Partnership with Sardine to Strengthen Fraud Detection Capabilities for Banks

PR Newswire
by PR Newswire0
Treasury Prime, a leading embedded banking software company, announced its strategic partnership with Sardine, an all-in-one fraud detection, compliance, and risk management platform. This collaboration will empower companies and financial institutions within Treasury Prime’s multi-bank network to leverage Sardine’s Sponsor Bank Operating System, offering turnkey fraud management and oversee BSA/AML compliance at 3rd parties.......
Sardine Launches Industry-Wide Consortium to Curb The Rapid Rise of Payment Fraud
Digital Payments News

Sardine Launches Industry-Wide Consortium to Curb The Rapid Rise of Payment Fraud

Business Wire
by Business Wire0
 Founding members, including Chesapeake Bank, Visa, Novo, Spring Labs, iLex, Blockchain.com, Alloy Labs Alliance, and Airbase, cover all major sectors of financial services Sardine announced the formation of SardineX, an industry-wide, independent consortium to curtail payment fraud by bringing together established financial institutions and emerging fintech organizations to establish trust......
Jack Henry Launches Real-Time Payments Fraud Feature
Digital Payments News

Jack Henry Launches Real-Time Payments Fraud Feature

PR Newswire
by PR Newswire0
Real-Time, AI-Based Fraud Mitigation Feature Supports Multiple Payment Types Jack Henry announced the launch of Payrailz Fraud Monitor, a cloud-native, AI-based feature of the Payrailz Digital Payments Platform that provides real-time fraud detection when payment transactions are initiated. This highly customizable, proprietary feature supports person-to-person (P2P) payments, consumer and business bill payments, and account-to-account (A2A)......
Digital Payments News

IrisGuard and Arifpay Unlock Potential for Financial Inclusion for All Ethiopians

PR Newswire
by PR Newswire0
IrisGuard’s EyePay Network provisioned to help millions access G2C services, using the human iris alone IrisGuard is proud to announce a strategic collaboration for the provision of the EyePay Network in Ethiopia with our local financial services partner Arifpay. The implementation of IrisGuard’s robust and reliable digital payment infrastructure, that exclusively uses the human......
ACI: APP Scams Emerge as a Payments Fraud Threat with Fraudsters Changing Tactics
Digital Payments News

ACI: APP Scams Emerge as a Payments Fraud Threat with Fraudsters Changing Tactics

Business Wire
by Business Wire0
According to ACI’s 2023 Prime Time for Real-Time report, the top three fraud tactics in 2022 are Authorized Push Payment (APP) scams, card fraud, and identity theft, with APP scams being the number one fraud tactic One in every five global consumers surveyed in 2022 said they fell victim to......
Six Ways Fraudsters Are Using Generative AI to Commit Fraud
Artificial Intelligence Compliance management Digital Guest Posts

Six Ways Fraudsters Are Using Generative AI to Commit Fraud

Oliver Tearle
by Oliver Tearle0
Generative artificial intelligence (AI) has already had a pervasive impact on our lives, with many experts sharing their opinions on the technology’s industry changing commercial potential and how it might be used in future. I recently shared my thoughts on how the technology would change the payments industry, but while there are......
One in Three Canadian Crypto-Asset Owners Experienced Fraud or Scams, TMU Study Finds
Cryptocurrency Investment Services News

One in Three Canadian Crypto-Asset Owners Experienced Fraud or Scams, TMU Study Finds

Business Wire
by Business Wire0
Financial regulators have taken important steps to mitigate crypto risks to consumers and the economy, but safety and security issues still remain One in 10 Canadians aged 16 and older (about 3 million people) have owned a crypto-asset such as Bitcoin, Ether or a non-fungible token (NFT). Of them, one......
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