Search Results for: financial fraud

MoneyGram Agrees to Settle Legacy Enforcement Matter with New York Department of Financial Services
Finance Fintech News

MoneyGram Agrees to Settle Legacy Enforcement Matter with New York Department of Financial Services

Fintech News Desk
by Fintech News Desk0
MoneyGram announced it has reached a final agreement to settle its previously disclosed legacy enforcement matter with the New York Department of Financial Services through a consent order (the “agreement”). Pursuant to the agreement, MoneyGram will pay a civil monetary penalty of $8.25 million to the NYDFS and undertake various reporting obligations.......
Report: Payment Fraud Attacks Against Fintech Companies Soar by 70% in 2021
Digital Payments Fintech News

Report: Payment Fraud Attacks Against Fintech Companies Soar by 70% in 2021

Fintech News Desk
by Fintech News Desk0
Sift’s Q1 Digital Trust & Safety Index reveals rising fraud across fintech, company releases Trust Intelligence Center for Trust and Safety Professionals Sift, the leader in Digital Trust & Safety, today released its Q1 2022 Digital Trust & Safety Index, detailing the increasingly sophisticated—and often automated—tactics cybercriminals leverage to commit......
Only 18 Percent of Fintechs and Financial Services Organizations Believe Their Credit Risk Models Are Highly Accurate
Fintech News

Only 18 Percent of Fintechs and Financial Services Organizations Believe Their Credit Risk Models Are Highly Accurate

Fintech News Desk
by Fintech News Desk0
New research outlines the “risky business” and the greatest credit risk analysis challenges, opportunities, and trends fintech decision makers see in 2022 Only 18 percent of fintechs and financial services organizations believe their credit risk models are accurate at least 75 percent of the time. The finding is revealed in......
How Ireland is Helping Accelerate AI Innovation in Financial Services
Artificial Intelligence Big Data Blockchain Guest Posts

How Ireland is Helping Accelerate AI Innovation in Financial Services

Dr. Nicola Stokes
by Dr. Nicola Stokes0
Financial services companies have a tremendous opportunity to reimagine their operations with AI, from creating more personalized customer engagements and better detecting fraudulent activity to realizing future business models and new revenue streams. But as many companies have learned, realizing the promise of AI comes with a number of challenges.......
Small to Midsize Banks Benefit from Reduced Fraud with Award-Winning Fiserv Solution Leveraging FICO Analytics
Digital Payments Finance News

Small to Midsize Banks Benefit from Reduced Fraud with Award-Winning Fiserv Solution Leveraging FICO Analytics

Fintech News Desk
by Fintech News Desk0
Payments and financial technology leader wins FICO® Decisions Award for AI, machine learning & optimization, using advanced fraud technologies Fiserv, a leading global provider of payments and financial services technology solutions, has won a 2022 FICO Decisions Award for AI, machine learning & optimization. Fiserv developed a new fraud mitigation service that......
VersaBank Appoints Financial Crime Prevention Expert and Advocate Veteran Garry Clement
Banking News

VersaBank Appoints Financial Crime Prevention Expert and Advocate Veteran Garry Clement

Fintech News Desk
by Fintech News Desk0
VersaBank announced it has appointed financial crime prevention expert and advocate, Garry W. G. Clement, to the position of Chief Anti-Money Laundering Officer (“CAMLO”). Mr. Clement is an internationally recognized expert in the areas of money laundering, white-collar crime, organized crime and detection of suspicious activity, including cyber-crime. He brings to VersaBank more......
MOCA Financial Partners with Vertifi to Offer Remote Deposit Capture Services
Digital Payments News

MOCA Financial Partners with Vertifi to Offer Remote Deposit Capture Services

Fintech News Desk
by Fintech News Desk0
Integrating Vertifi’s remote deposit capture into its payment platform represents a new level of convenience for MOCA’s financial institution and fintech clients and their customers MOCA, a Digital-First Next-Generation Card-Based Payment Platform provider, is pleased to announce that it has partnered with Vertifi, an industry-leading digital payments developer, to provide Vertifi’s......
TransUnion Enhances Consumer Insights with Agreement to Acquire Verisk Financial Services
Analytics News

TransUnion Enhances Consumer Insights with Agreement to Acquire Verisk Financial Services

Fintech News Desk
by Fintech News Desk0
Verisk Financial’s leading business, Argus Information & Advisory Services, focuses on credit and debit card accounts and demand deposit account behaviors that complement TransUnion’s core consumer credit business TransUnion has signed a definitive agreement to acquire Verisk Financial Services, the financial services business unit of Verisk. Verisk Financial is relied......
SEON Tackles Fraud in the BNPL Space
Digital Payments News

SEON Tackles Fraud in the BNPL Space

Fintech News Desk
by Fintech News Desk0
The world’s fastest growing fraud prevention business is on a mission to eradicate fraud in the Buy Now, Pay Later (BNPL) sector Online fraud fighters, SEON has secured partnership agreements with several leading companies in the global BNPL sector. The agreements speak to a growing trend within the emerging space,......
LexisNexis Risk Solutions Study Finds Larger Banks and Fintechs Hit Hardest by Small and Midsize Business Lending Fraud Losses
Lending News Risk Management

LexisNexis Risk Solutions Study Finds Larger Banks and Fintechs Hit Hardest by Small and Midsize Business Lending Fraud Losses

Fintech News Desk
by Fintech News Desk0
Small to Mid-Sized Business Lending Fraud Increased 6.9% Since 2020, with More Than One-Third of Growth Attributed to the Pandemic LexisNexis Risk Solutions released its latest Small and Midsize Business (SMB) Lending Fraud Study. The survey of risk and fraud executives at financial institutions reveals that SMB lending fraud in......
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