Fraud Detection

ACH Alert to Lead Panel Discussions, Share Expertise at Fourth Annual 2019 Hawaii Payments University

ACH Alert, an award-winning provider of electronic payments fraud prevention technology for financial institutions of all sizes, announced it is attending the 2019 Hawaii Payments University & Fraud Day for the second year, taking place November 5-7 in Honolulu. Read more »

Economic crime report from Commons Select Committee

Statistics from RSA Security’s Global Fraud Report for Q2 2019: Read more »

iovation Financial Services Report: Fraudsters Go Mobile 50% of Time, Security and Privacy Drive Consumer Banking Choices

iovation, a TransUnion (NYSE:TRU) company, today announced the results of its “2019 Financial Services Read more »

Financial services firms lack confidence in their cyber security controls, according to Kroll’s annual Global Fraud and Risk Report

Financial services firms are least likely to have confidence in the effectiveness of their cyber security detection mechanisms compared to other sectors, according to new research from the latest Global Fraud and Risk Report released by Kroll, a division of Duff & Phelps, the global leader in risk mitigation, investigations, compliance, cyber resilience, security and incident response solutions. Read more »

Ethoca Wins Most Innovative Online Solution at the UK Fraud Awards 2019

Ethoca, the leading provider of collaboration-based technology solutions that help card issuers and online merchants increase card acceptance and stop ecommerce fraud and disputes, has won ‘Most Innovative Online Solution’ at the UK Fraud Awards 2019. Hosted by Retail Risk, the awards celebrate the best anti-fraud and security technologies on the market today. The winners were announced during the UK Fraud Awards Gala Dinner on Thursday October... more Read more »

Featurespace Expands Global Fraud and Financial Crime Expertise with Addition of Industry Veteran

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. Read more »

FICO and Visma Connect Launch Partnership to Offer SaaS Anti Financial Crime Solutions in Western-Europe

Visma Connect, the leading Dutch critical payments services provider and FICO have launched a partnership to jointly deliver FICO’s best-in-class Anti-Financial Crime solutions for Know Your Customer (KYC), anti-money laundering (AML) and real-time sanctions screening to banks, FinTechs, payment institutions, PSD2 third-party providers and corporations.  Read more »

NatWest and Featurespace Partner for Real-Time, Enterprise-Wide Fraud Prevention and Transaction Monitoring

NatWest has agreed a strategic partnership with Featurespace to profile and monitor payments and account activity to prevent fraud and scams using Featurespace’s ARIC™ platform. The platform has the ability to detect and reduce third-party fraud losses and prevent overall fraud before the point of payment. Read more »

Finastra and NetGuardians team up on AI-powered financial messaging fraud detection

Today at Sibos 2019, Finastra has announced its partnership with Swiss Fintech, NetGuardians, which sees the two companies launching an AI-powered fraud detection solution for financial messaging. Tailored for Finastra’s SWIFT Service Bureau, the tool uses artificial intelligence and machine learning to identify fraudulent payments in real-time, stopping them before money leaves the bank or corporate organization. Read more »

FICO Opens AI Portfolio to Fight Next-Generation Fraud and Financial Crime

FICO® Falcon® X, announced today at the Finovate conference in New York, delivers groundbreaking AI and machine learning technology aimed at preventing new forms of fraud and financial crime that are enabled by the rapid adoption of real-time payments. Running on Amazon Web Services (AWS), FICO Falcon X streamlines both fraud detection and anti-money laundering processes — something banks and financial institutions worldwide are seeking. Read more »

Nets and KPMG Partner to Launch AI-Powered Payment Fraud Prevention Solution

Nets, a leader in the European payments industry, has collaborated with multinational professional services provider, KPMG, to develop Nets Fraud Ensemble, a next-generation fraud monitoring and prevention solution. Read more »

Arachnys and FICO Partner to Aid Financial Organisations in Managing Corporate KYC Requirements and Accelerating Compliance Processes

FICO, a leading analytics software firm and provider of financial crime compliance solutions, today announced a partnership with Arachnys, a leader in risk investigation solutions for client onboarding, Know Your Customer (KYC), customer due diligence & enhanced due diligence (CDD/EDD), and anti-money laundering (AML). Read more »

Zenus Bank Accelerates Transition to the Cloud with NICE Actimize Anti-Money Laundering and Fraud Essentials

 Leading the industry with solutions protecting challenger banks and digital financial services offerings, NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in autonomous financial crime management, was selected by Zenus Bank, San Juan, Puerto Rico, to establish a cloud-focused financial crime strategy for both anti-money laundering compliance and enterprise fraud protections with its  Read more »

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 »

Exness partners up with Sumsub for fraud protection assistance and globally inclusive AML compliance

Scalable automated solution Sumsub provides trading market giant Exness with a unified gate to general AML/KYC due diligence, and regulatory compliance, slashing costs in half.  Read more »

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