Fraud Detection

Société Générale goes live with Finastra’s Fusion Risk solutions

Société Générale, one of the leading financial services groups in Europe, has deployed Finastra’s Fusion Risk Asset and Liability Management (ALM) and Fund Transfer Pricing (FTP) solutions. The move has enabled the bank to streamline multiple solutions across the group, simplifying its infrastructure so that it can comply more efficiently with regulations including the Interest Rate Risk in the Banking Book, and also reduce costs. Read more »

Australia hotbed for cybercrime; new report shows identity spoofing as most prevalent attack vector in the ANZ region - LexisNexis Risk Solutions

LexisNexis® Risk Solutions today at Sibos, the world’s premiere financial services event, released its cybercrime insights report for Australia and New Zealand (ANZ). The report was created using statistics of actual cybercrime attacks originating to and from the ANZ region, during April to June 2018. These results are the most current available. The ThreatMetrix® Digital Identity Network® (“The Network”) detected the attacks during realtime... more Read more »

Emailage’s RapidRisk Score Spots Fraud at Lightning Speed

Emailage, the global leader in online fraud prevention and email risk assessment, has launched its cutting-edge RapidRisk Score fraud detection solution, purpose-built to create lightning-fast risk analysis for payment processors, card issuers and merchants on every transaction. Read more »

NICE Actimize Launches X-Sight, the Industry’s First Financial Crime Risk Management Platform-as-a-Service Solution

NICE Actimize, a NICE business (Nasdaq: NICE) and leader in Autonomous Financial Crime Management, today announced the launch of X-Sight, an advanced machine-learning based Platform-as-a-Service designed to power the industry’s first financial crime risk management marketplace. Read more »

Leading Belarus bank taps FICO technology to fight financial crime

Belgazprombank, a leading lender in Belarus, has implemented a system from FICO that screens financial transactions and customers in order to prevent financial crime. FICO® TONBELLER® Siron® Embargo checks banking applicants and individual transactions to ensure that the bank and its customers do not do business with individuals on restricted lists, such as those who are involved in terrorist activities, and manages the risk of working with... more Read more »

Indiegogo Chooses Onfido to Keep Fraudsters out of Crowdfunding

Identity verification specialist Onfido today announces that leading crowdfunding platform Indiegogo is using its AI-led identity verification to ensure that fraudsters are kept off of the Indiegogo platform. Read more »

Jumio Introduces Liveness Detection for Web to Better Deter Fraud During Account Onboarding

Jumio, the creator of Netverify(TM) Trusted Identity as a Service (TIaaS) announced the addition of Liveness Detection for Web to better thwart fraudsters' evolving and sophisticated attempts to assume another individual's identity. Read more »

Eventus Systems Launches New Website Highlighting RegTech Solutions for Capital Markets

Eventus Systems, Inc., a provider of innovative regtech software solutions for the capital markets, has just launched a new, enhanced website, www.eventussystems.com. The site features a deep dive into the firm’s capabilities and market-specific features that have attracted clients to Validus, the company’s premier solution for comprehensive surveillance and trading risk management. Read more »

Accuity adds real-time vessel alerting and tracking to trade compliance screening solution

Accuity, the leading provider of financial crime compliance, payments and counterparty know-your-customer (KYC) solutions, today announced its new vessel monitoring capability, Firco Trade Compliance Ship Enforcement Alerts (SEA), which will further enhance its market leading screening solution. Firco Trade Compliance SEA will allow organisations involved in trade finance to track shipping vessels in real-time to ensure they are not in breach of... more Read more »

Crèdit Andorrà Financial Group Selects NICE Actimize to Strengthen its Global Anti-Money Laundering Solutions Strategy

Facing the complexities of global regulations, Crèdit Andorrà Financial Group has selected NICE Actimize, a NICE (Nasdaq:NICE) business and the leader in Autonomous Financial Crime Management, to strengthen its anti-money laundering solutions strategy. Crèdit Andorrà Financial Group, the benchmark bank in Andorra, will integrate a suite of NICE Actimize anti-money laundering solutions into its financial crime operations in order to more... more Read more »

Accuity Rated a category leader in Chartis’ 2017 RiskTech Quadrant® for watchlist monitoring solutions

Accuity, the leading provider of financial crime compliance, payments and counterparty know-your-customer (KYC) solutions, announced today that it has been recognised by Chartis Research as a category leader in theRiskTech Quadrant® for watchlist monitoring solutions. The watchlist monitoring solutions category features in Chartis’ 2017 Financial Crime Risk Management update report. Read more »

Automated decision-making can save UK plc £7bn in the fight against financial fraud

With the value of UK fraud rising to nearly £200 billion a year, Rainbird predicts that AI-driven automated decision-making platforms c 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 »

Learnings from the PNB Saga: Control Fixes at Banks

Reams have been written about who, whom, and how the fraud was perpetrated in the PNB story and it’s likely that the fraud will become a case study in business schools, and part of credit training at banks and Financial Institutions, regarding the ‘Do’s’ and ‘Don’ts’ when lending. While the fraud itself is best left to the investigating agencies to explore, there are a number of learnings for bankers even at this early stage of investigations. 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 »

Pages

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App