Tag : financial fraud

Wirex Selects Sumsub For Virtual Asset Travel Rule Compliance and Transaction Monitoring Solutions
Digital Payments News

Wirex Selects Sumsub For Virtual Asset Travel Rule Compliance and Transaction Monitoring Solutions

PR Newswire
by PR Newswire098
Wirex partners with Sumsub to ensure regulatory compliance with upcoming virtual asset service provider (VASP) Travel Rule obligations and ongoing transaction monitoring A digital payment company Wirex has partnered with Sumsub, a global full-cycle verification platform. Sumsub will provide Wirex with its Transaction Monitoring capabilities, Travel Rule compliance solutions for......
DCI and DataVisor Team Up to Help Banks Fight Fraud
Banking Mobile Banking News

DCI and DataVisor Team Up to Help Banks Fight Fraud

PR Newswire
by PR Newswire0175
Financial fraud has increased substantially as the trend towards mobile banking and digitization accelerates. In 2022 alone, the Federal Trade Commission received over 1.1 million reports of identity theft and over 440,000 reports of credit card fraud. To help banks detect and mitigate fraud proactively, DCI (Data Center Inc.) –......
4 Ways to Avoid Financial Fraud When Transferring Money
Digital Payments Guest Posts Insights

4 Ways to Avoid Financial Fraud When Transferring Money

Matt Montes
by Matt Montes0780
The demand for digital money solutions has surged as consumers increasingly prefer contactless payments due to convenience and the risks associated with handling cash. As a result, experts are predicting that the use of cash will continue to decline, even after the pandemic subsides. As more and more businesses and......
TietoEVRY follows Bank Norwegian to Germany and Spain
Banking Fintech News

TietoEVRY follows Bank Norwegian to Germany and Spain

Fintech News Desk
by Fintech News Desk0610
TietoEVRY Card Issuing and Financial Crime Prevention have reached an important agreement with Bank Norwegian to follow the bank on their journey to Europe by expanding into Germany and Spain. Bank Norwegian’s customers in those countries will now get access to market leading credit card services that also cover fraud......
Money Laundering: How It Works, and How to Combat It
Guest Posts Risk Management

Money Laundering: How It Works, and How to Combat It

Martin Cheek
by Martin Cheek0577
For the layperson, the act of anti-money laundering monitoring may seem like it should solely be the purview of governmental authorities. But the fact of the matter is that money laundering is a process far more common than one might think: according to the Treasury department, financial crime in the United......
NewDay-Scores-with-TigerGraph-Cloud-to-Fight-Financial-Fraud
Business Fintech News

NewDay Scores With TigerGraph Cloud to Fight Financial Fraud

Fintech News Desk
by Fintech News Desk0308
TigerGraph, the only scalable graph database for the enterprise, today announced that NewDay, a leading specialist financial services provider and one of the largest issuers of credit cards in the UK, will use TigerGraph’s advanced graph analytics to prevent and preempt financial fraud. NewDay, with TigerGraph, will transform how the company......
Banking Fintech Mobile Banking News Risk Management

As Social Distancing Drives Rapid Migration to Digital Platforms, New Research Confirms the Importance of a Secure, Easy Onboarding Experience

Fintech News Desk
by Fintech News Desk2 539
IDology’s Third Annual Consumer Digital Identity Study captures timely insights on how Americans view identity, digital account opening and fraud In the last six months, an astounding number of consumers have migrated their everyday activities and transactions to online and mobile platforms out of necessity. As digitization accelerates, new research......
MARQETA SURVEY: Does Fraud Have to be A Fact of Online Life?
Economy Fintech News

MARQETA SURVEY: Does Fraud Have to be A Fact of Online Life?

Fintech News Desk
by Fintech News Desk0403
New report highlights growing acceptance and rising frustration with financial fraud: 96% of consumers are concerned about fraud, but over a third accept that it is inevitable. Marqeta, the global modern card issuing platform, released the findings of a survey of over 4,000 UK and US consumers, looking at their......
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