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Can AI Help Tackle the Surge in Chargebacks Fraud?

This year, a staggering 60% of all chargeback claims are estimated to be fraudulent, according to our research, and up to 75% according to Visa.

Thursday, May 11, 2023 - 10:56
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/blog/ai-fraud/can-ai-help-tackle-surge-chargebacks-fraud
Financial IT
Enhanced Confirmly Now Drives Automatic Bank Account Verification in 97% of Cases - LMS

LMS, the UK's leading conveyancing services provider, has today announced the launch of its latest iteration of confirmly, its law firm identity-checking technology. The new and improved version sees a vastly increased number of law firms covered by the technology, allowing more searches to return data automatically and reduce the amount of time firms need to wait before transferring funds. 

Thursday, May 11, 2023 - 10:52
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/news/digital-identity/enhanced-confirmly-now-drives-automatic-bank-account-verification-97-cases-lms
Financial IT
UK Lost Over £1.2B to Fraudsters in 2022

The UK lost £1.2 billion to fraud in 2022, with three million scams taking place, according to new data from banking and finance industry group UK Finance.

The Annual Fraud Report detailed losses of over £2,300 every minute, with 78 per cent of cases occurring online, targeting unsuspecting Brits.

Thursday, May 11, 2023 - 10:44
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/news/fraud-detection/uk-lost-over-ps12b-fraudsters-2022
Financial IT
AlHuda CIBE and Aman Academy Egypt will Collaborate to Advance Islamic Banking in Egypt

Learning Partnership Agreement between Aman Academy and AlHuda Centre of Islamic Banking and Economics (CIBE) has been inked. The Agreement was signed by Mr. Muhammad Zubair Mughal, CEO of AlHuda-CIBE and Mr. Osama Hegazy, Talent Development Manager of Aman Academy Egypt.

Thursday, May 11, 2023 - 10:39
54011
/news/islamic-finance/alhuda-cibe-and-aman-academy-egypt-will-collaborate-advance-islamic-banking
Financial IT
Calastone Reveals How Tokenisation at Asset Level is Set to Transform Asset Management

Calastone, the largest global funds network, has released a whitepaper on the practical application of tokenisation in asset management; the whitepaper includes an analysis of the current state of play, the different approaches to tokenisation, the regulatory landscape and considerations for the long-term application of the technology.

Thursday, May 11, 2023 - 10:33
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/news/asset-management/calastone-reveals-how-tokenisation-asset-level-set-transform-asset-management
Financial IT
Boubyan Bank Implementing MX.3 for Sharia-Compliant Treasury Activity Using MXGO

Murex, the global leader in trading, risk and processing solutions for capital markets, is pleased to announce that Boubyan Bank, a leading Kuwait-based Islamic financial institution, is implementing MX.3 for Islamic Finance for its Sharia-compliant treasury activity using MXGO.

Thursday, May 11, 2023 - 10:29
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/news/islamic-finance/boubyan-bank-implementing-mx3-sharia-compliant-treasury-activity-using-mxgo
Financial IT
Arqaam Capital in the UAE Signs with Horizon Software for Electronic Market Making Solutions

Horizon Software (Horizon), a global provider of electronic trading solutions and algorithmic technology for the global capital markets, announces today that Arqaam Capital, one of the leading trading members on both the ADX and DFM in the UAE, will use Horizon Electronic Market Making solutions for Arqaam Capital’s newly created market making desk.

Thursday, May 11, 2023 - 10:27
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/news/trading-systems/arqaam-capital-uae-signs-horizon-software-electronic-market-making-solutions
Financial IT
RKVST Launches Instaproof so Anyone Can Decide What Data to Trust
In today’s world of fake news and AI-generated content, it is increasingly difficult to know if documents and files are trustworthy. But now anyone can easily verify the provenance of any file by simply dragging and dropping that file onto RKVST® Instaproof to get the information they need to decide what data to trust.
Thursday, May 11, 2023 - 10:25
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/news/data/rkvst-launches-instaproof-so-anyone-can-decide-what-data-trust
Financial IT
Tuum Joins Amazon Web Services (AWS) Partner Network
Tuum, the next-generation core banking platform, today announces it has joined the Amazon Web Services (AWS) partner network, following the successful completion of the AWS Foundational Technical Review and achieving AWS Qualified Software Certification. The partnership will significantly speed up the deployment of Tuum’s core banking platform and services for its customers, while also increasing flexibility and scalability.  
 
Thursday, May 11, 2023 - 10:21
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/news/core-banking/tuum-joins-amazon-web-services-aws-partner-network
Financial IT
MagiClick Completes Major Redesign of QNB’s Digital Banking Experience

Digital agency MagiClick has completed a major redesign project for international banking group, QNB Group, to dramatically improve their customers’ digital experience.

Thursday, May 11, 2023 - 10:14
54005
/news/digital-banking/magiclick-completes-major-redesign-qnbs-digital-banking-experience
Financial IT

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