Data Protection

UK Banks Lead in Race to Merge Fraud, Financial Crime Operations

A new independent survey by research firm Ovum on behalf of global analytic software firm FICO has found that most banks plan to integrate their fraud and financial crime compliance systems and activities, in response to new criminal threats and punishing fines.  Responses show that UK banks are more advanced in their progress and ambitions than most countries surveyed. More information: https://www.fico.com/en/latest-thinking/ebook/united-... more Read more »

F-Secure’s Cyber Threat Landscape for the Finance Sector highlights the broad range of threats facing the global finance industry

Thieves have been stealing money from banks since the 18th century. And while today’s thieves use cyber attacks to steal money from financial institutions, a new report from cyber security provider F-Secure shows that the range of threats facing organizations working directly and indirectly with the global finance sector go far beyond traditional theft. Read more »

NTT Security Launches Augural Women in Cybersecurity Awards in Europe

NTT Security, the specialised security company and centre of excellence in security for NTT Group, has launched its inaugural Women in Cybersecurity Awards as part of an initiative to recognise and inspire talented female professionals and newcomers in the cybersecurity industry. Read more »

Dun & Bradstreet and Encompass Announce Strategic Partnership

Dun & Bradstreet today announced a strategic partnership with encompass, a global provider of automated Know Your Customer (KYC) solutions, to help deliver world-leading data and analytics for UK businesses. Read more »

RISK IDENT crowned back-to-back FinTech Breakthrough Awards champion

RISK IDENT has been named “Best Fraud Prevention Company” at the 2019 FinTech Breakthrough Awards, marking a second consecutive win for the leading European anti-fraud company. The 2019 awards program, which recognizes the leading technologies, companies and products in the global FinTech industry, attracted a record-breaking 3,500+ nominations from across the globe. Read more »

Varo Money Selects Feedzai For Enterprise Fraud Prevention, Preparing For Continued Rapid Scale

Varo Money LLC (Varo), a leading challenger banking company, and Feedzai, the leader in fighting financial crime with artificial intelligence, today announced a new partnership. Varo’s continued growth will be bolstered by Feedzai’s fraud-prevention platform, which provides purpose-built machine learning for risk prevention with a focus on customer experience and flexibility to scale along with the rapidly growing bank. Read more »

Aite Group Recognizes Featurespace as "Best-in-Class" Technology

Aite Group, a global research and advisory firm, recognized Featurespace™ as Best-in-Class in its 2019 report on fraud and AML machine learning platform vendors (download a complimentary copy of the report here). Read more »

Ninety Percent of Banks Lag in Ability to Authenticate Customers and Step-Up Security, Survey Reveals

OneSpan™ (NASDAQ: OSPN), a global leader in software for trusted identities, e-signatures and secure transactions, today announced the release of The Future of Adaptive Authentication in the Financial Industry, a report prepared by the Information Security Media Group. Read more »

NICE Actimize Signs Crypto Finance Leader Circle to Implement Markets Surveillance and Protections Strategy

Leading the industry with solutions supporting digital financial services offerings, NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, was selected by Circle, a leading global crypto finance company, to implement its market surveillance and protections strategy. Read more »

Atlanta-based IDology to Be Acquired by GBG for $300m

IDology provides GBG with a strong foothold for Identity Verification and Fraud Prevention in North America, a key growth region for the company.  The acquisition will strengthen GBG's product portfolio and enhance its world-class customer experience, while delivering unbeatable regulatory compliance.  A strong cultural alignment based on an established commercial partnership. Read more »

Deloitte and AllClear ID Introduce First 72-Hour GDPR Customer Notification and Identity Protection Service

Deloitte LLP, with 20 years of successfully delivering large-scale customer outreach solutions, and AllClear ID, Inc., the world’s leading provider of customer breach notification and identity protection, today announce their collaboration to deliver data breach customer notification services to the customers of businesses under the GDPR regulations. Read more »

Safe, Smart Twitter for Finance has become more mobile

Market EarlyBird, the UK FinTech company behind EarlyBird – Safe, Smart Twitter for Finance  announced the immediate availability of a native mobile client for EarlyBird. EarlyBird is a read-only, anonymised Twitter service that provides powerful Tweet search and filtering capabilities enabling users to find financial Tweets that others miss. Read more »

Talking to customers about their data is the key to GDPR

The new General Data Protection Regulation (GDPR) governing the collection, storage and use of data are coming into force soon and new research reveals that almost two-thirds of consumers (62%) said their confidence about sharing data with businesses is improved by the incoming laws. Highlighting the importance of communicating the benefits of the new laws to consumers in order to build long-term trust. Read more »

Ocado launches AI-based fraud detection system for online orders powered by Google Cloud

Today Ocado Technology (the technology division of Ocado, the world's largest online only supermarket) is revealing the world's first AI-based fraud detection system for online grocery purchases. The new system relies on an advanced machine learning algorithm developed by Ocado Technology using TensorFlow and the power of Google Cloud.    Read more »

Signicat secures second round of Horizon 2020 funding to develop ID Assurance as a Service

Signicat, the first and largest identity assurance provider in the world, has secured phase two funding from the EU’s Horizon 2020 programme, the framework for funding research and innovation. The funding will be used to further develop Signicat’s IDAaaS (Identity Assurance as a Service) toolbox for use across Europe—helping to create a single digital identity market for Europe, one of the European Commission’s priorities for the latter half of... more Read more »

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