Fraud Detection

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 »

Barclays warns UK faces most fraudulent online Christmas ever

This Christmas looks set to be the UK’s most fraudulent ever for online shoppers, according to new data from Barclays1. With fraud and scams becoming increasingly sophisticated, and with record numbers getting ready to do their Christmas shopping online, Barclays is warning of a perfect storm for seasonal online theft. Read more »

Chargebacks911 Announces Partnership with LimeLight to Reduce Credit Card Chargebacks

Chargebacks911, a leading international dispute mitigation and loss prevention firm (known as The Chargeback Company in Europe), has announced the integration of its comprehensive chargeback management services into continuity commerce platform, LimeLight. Read more »

More than Half of UK Public Think Fraud is Inevitable When Shopping Online and Want Business to Heighten Security Measures

More than half (52 percent) of UK consumers think fraud is an inevitable part of shopping online, according to new research conducted by Paysafe, a leading global payments provider. Read more »

Accuity unveils screening technology for transparent, traceable and auditable financial crime compliance

Accuity, the global financial crime compliance, payments and KYC solutions provider, today announced the launch of its latest generation of transaction screening technology designed to help clients automate and gain an end-to-end view of their financial crime compliance screening so that they can demonstrate their compliance policy in action to regulators.  Read more »

EastNets Showcases its Real-time Fraud Detection Solution at Sibos

EastNets (eastnets.com), a leading provider of compliance, payment and cloud solutions for the financial services industry, will showcase en.SafeWatch PaymentGuard, an advanced real-time fraud detection solution for SWIFT payments. The product will be showcased alongside the company’s numerous anti-money laundering and financial crime and compliance risk (FCCR) solutions, at the 2017 SWIFT International Banking Operations Seminar (Sibos). Read more »

FICO Machine Learning Algorithms Improve Card-Not-Present Fraud Detection by 30%

FICO is releasing new payment card fraud detection models focused on making card-not-present (CNP) transactions more convenient and secure. Read more »

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