Search Results for: fraudulent activity

NICE Actimize Launches Real-Time Money Mule Defense Solution to Detect Illicit Activity Throughout the Entire Customer Lifecycle
Digital Payments News

NICE Actimize Launches Real-Time Money Mule Defense Solution to Detect Illicit Activity Throughout the Entire Customer Lifecycle

Business Wire
by Business Wire0
Using advanced AI, the solution employs a multi-model execution strategy that utilizes a diverse set of models, techniques, and algorithms to identify and prevent fraud Traditional payments monitoring systems often do not detect money mules’ movements as they secure illicit funds from financial institutions. To address this problem, NICE Actimize, a NICE business,......
FiVerity Launches Cyber Fraud Network to Enable Financial Institutions to Securely Share Information on Fraudulent Identities
Artificial Intelligence Finance Fintech Machine Learning

FiVerity Launches Cyber Fraud Network to Enable Financial Institutions to Securely Share Information on Fraudulent Identities

Fintech News Desk
by Fintech News Desk0
First Ever Communications Network Brings Banks and Law Enforcement Together to Fight Back Against Fraudsters FiVerity, a leading provider of cyber fraud defense, announced the launch of the Cyber Fraud Network, the industry’s first collaborative system built to combat the convergence of cyber tactics with fraudulent theft. FiVerity’s Cyber Fraud......
LexisNexis® Risk Solutions Delivers Fraud Detection Capabilities and Insight into Identity Event and Application Activity through New LexisNexis® Fraud Intelligence Product
Fintech News

LexisNexis® Risk Solutions Delivers Fraud Detection Capabilities and Insight into Identity Event and Application Activity through New LexisNexis® Fraud Intelligence Product

Fintech News Desk
by Fintech News Desk0
Fraud Intelligence Delivers a 30% Improved Fraud Detection Rate for the Riskiest 3% of Applications Compared to Existing Scores LexisNexis® Risk Solutions today announced LexisNexis® Fraud Intelligence, the newest addition to the company’s suite of fraud and identity products. LexisNexis Fraud Intelligence is a non-FCRA solution that helps organizations mitigate new account......
Elliptic Responds in Real-Time to Monitor Flow of Fraudulent Funds Following Twitter Security Breach
Blockchain Cryptocurrency Fintech News Risk Management

Elliptic Responds in Real-Time to Monitor Flow of Fraudulent Funds Following Twitter Security Breach

Fintech News Desk
by Fintech News Desk0
Elliptic, the global leader in cryptoasset risk management solutions, issued a statement on their response to the Twitter cybersecurity breach which occurred on 15th July, 2020. Read More: GlobalFintechSeries Interview with Curtis Webb, Vice President, Product Management – Emerging Payments at Meta Financial Group and MetaBank The very nature of......
FTA Launches Annual “Smarter Than Scams” Campaign Ahead of Holiday Shopping Season
Fintech News

FTA Launches Annual “Smarter Than Scams” Campaign Ahead of Holiday Shopping Season

Business Wire
by Business Wire0
Campaign aims to educate consumers on how to prevent common payment scams during the holiday season and how Cash App, PayPal, and Venmo protect consumers to transact safely The Financial Technology Association (FTA) launched its annual campaign, Smarter Than Scams, to help consumers recognize and avoid common payment scams during the holiday......
Artificial Intelligence Finance Fintech Guest Posts Risk Management Robotic Process Automation

How Financial Institutions Define AI Business Value

Chris Brown
by Chris Brown0
By Chris Brown, President of Intelygenz In financial services, the era of debating AI’s viability has passed. We are now in the phase of what I call the AI Competitive Imperative. Institutions that view AI as a tool for future potential rather than a current necessity risk falling behind more......
Artificial Intelligence Finance Fintech Interviews Lending

Global Fintech Series Interview with Krishna Venkatraman, Chief Data Officer at Kueski

Paroma Sen
by Paroma Sen0
Krishna Venkatraman, Chief Data Officer at Kueski talks about the various ways in which AI and ML driven enhancements are impacting the growth of fintech in this interview: ___________ Hi Krishna, tell us about yourself and your role at Kueski and your takeaways from being in fintech all these years.......
Artificial Intelligence Banking Digital Payments Featured Finance Fintech Risk Management Security

Leveraging AI and Data Analytics for Better Risk Assessment

Fintech Staff Writer
by Fintech Staff Writer0
The rapid evolution of financial technology has brought forward innovative ways to borrow and lend, transforming how consumers approach personal finance. One standout development in this space is the rise of Buy Now, Pay Later (BNPL) services, a flexible and accessible lending model that has disrupted traditional banking and credit......
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......
Nacha's Payments Innovation Alliance Commemorates Cybersecurity Awareness Month by Releasing Materials to Educate the Public About AI-Based Scams
Finance Fintech News Security

Nacha’s Payments Innovation Alliance Commemorates Cybersecurity Awareness Month by Releasing Materials to Educate the Public About AI-Based Scams

Business Wire
by Business Wire0
Nacha’s Payments Innovation Alliance, a membership program that brings together diverse global stakeholders seeking to transform the payments industry, has published new materials aimed at raising awareness of AI-based scams, including a new report, Payments and Artificial Intelligence: Protecting Yourself Against AI-based Scams, focusing on protecting consumers from AI-based scams and......
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