Featurespace, the world-leader in fraud detection, risk prevention and Anti-Money Laundering monitoring, announced the addition of Dena Hamilton as the company's newest Fraud and Financial Crime market expert.

An interview with Dmitry Tokarev, CEO at Copper

Dmitry Tokarev has over ten years of experience in software and financial engineering and was most recently CTO and Partner at Dolfin Financial. He is a graduate of Imperial College London, and a passionate believer in the decentralizing role of cryptocurrencies and the opportunities they present to retail and institutional investors alike.

Information technology and telecommunications are fundamental to service delivery in financial institutions today. Firms are increasingly reliant on IT networks to deliver core services but this can leave them vulnerable to ever-expanding security threats.

That’s an especially serious problem in the world of finance where cyber-attacks are frequent, and becoming more sophisticated. Phishing, social engineering and malware attacks have become particularly prevalent, and hacking software easily available.

CaixaBank has developed an innovation project using artificial intelligence to manage returned direct debit payments. As a leading Spanish retail bank, CaixaBank manages 450 million direct debit payments every year and is the primary direct debit service provider in Spain.

When a bill is sent to an account with an insufficient balance, the software notifies the customer's banking adviser, who then analyses the case and decides how to resolve the situation: to permit the bill payment, to reject it, or to postpone it for a few days until the customer has sufficient funds.

FCA Regulations

A cardholder is considered in persistent debt if payments against interest, charges and fees exceed repayments over an 18-month period. The credit card rules introduced by the FCA last year require providers to identify which of their customers are in persistent debt and then take a series of escalating steps to help them.

Following on from the earlier article on Open Banking (What does Open Banking mean for Gaming Operators?), here is the second of the three pieces; some further considerations on the operational impacts should a Gaming operator embrace the benefits of an Open Banking led change within their business.