Fraud Detection

Financial scam warning as cybercriminals exploit COVID-19 pandemic fears

GoCompare is urging people to stay safe online as official statistics show a dramatic increase in phishing and online shopping scams, with cybercriminals looking to capitalise on coronavirus fears.     According to Action Fraud’s figures for March 2020, coronavirus-related fraud reports have increased by 400%, with victims’ losses totally nearly £1million.  Read more »

Forter Enables Merchants to Offer Competitive Returns Policies without Worry

 Forter, the leader in e-commerce fraud prevention, today announced the release of Forter Returns Abuse Protection. Read more »

Chargebacks911 Launches Partner Onboarding App for Gateways, Fraud Filters and Merchant Service Providers

Chargeback dispute management specialist, Chargebacks911, today launches a new onboarding product for partners that allows merchants to connect to their technology platform through their existing service provider. Read more »

Enfuce Futureproofs its Enterprise Fraud Monitoring with Featurespace

Featurespace™, the world leader in financial crime risk management for fraud and Anti-Money Laundering, has announced that Enfuce - Finland's biggest fintech start-up with more than 8 million end-users in their platform – has selected the ARIC Risk Hub to protect its clients from existing fraud and new attacks. Read more »

Leading French banking group engages AxiomSL’s comprehensive Global Shareholding Disclosure (GSD) solution

AxiomSL, the industry’s leading provider of risk and regulatory reporting solutions, announces an agreement with a global financial institution in France to implement AxiomSL’s Global Shareholding Disclosures (GSD) solution on its data integrity and control platform, ControllerView. The firm is part of a leading Tier-1 French banking group that engages in a range of banking activities, including global asset management. Read more »

CICC and Keesing Technologies partner to prevent identity fraud in Caribbean region

Caribbean Identity Compliance & Consultancy (CICC), a specialist provider of custom built Anti-Money-Laundering (AML) and Combatting-Terrorist- Financing (CFT) solutions, and Keesing Technologies, the leading global identity verification provider, today announced a partnership to help businesses in the Caribbean region prevent identity fraud with best-in-class AML/CFT solutions including industry-leading identity verification. Read more »

ACA Aponix Announces Payment and Fraud Risk Assessment Service

ACA Compliance Group (“ACA”) announced today the availability of its new payment and fraud risk assessment (“PFRA”) offering, which is designed to help firms identify and remediate vulnerabilities within payment flows in order to reduce the risk of costly fraud issues. The service is overseen by the ACA Aponix® division’s senior principal consultant Kamlesh Harry. Read more »

Global Enterprises and Merchants Unprepared as Fraudsters Focus on Rewards Programs

 Forter, the leader in e-commerce fraud prevention, today announced availability of the Forter Loyalty Program Protection solution to protect high value rewards programs from fraud and abuse, enabling Read more »

buguroo launches enhanced New Account Fraud prevention capabilities to stop fraudsters opening bank accounts

buguroo, the online fraud prevention specialist for the financial sector, today unveiled further capabilities that make it easier for banks to more accurately identify if fraudsters – rather than legitimate customers – are attempting to open new accounts. Read more »

Forter Named The Leader in e-commerce Fraud Prevention in Frost & Sullivan 2020 Radar Report

Forter was named the leader in e-commerce Fraud Prevention and rated the highest for Innovation in the 2020 Frost Radar in the U.S. e-commerce Fraud Prevention Market. Read more »

NICE Actimize Selected by Taiwan’s Chailease to Implement End-to-End Anti-Money Laundering Compliance Program To Drive Operation Effectiveness and Increase Proficiency

 NICE Actimize, a NICE  business and the leader in Autonomous Financial Crime Management, has been selected by Chailease Holding Co. Ltd., an international leader in leasing and professional financial services, to implement an end-to-end anti-money laundering compliance platform for its growing organization. Read more »

FICO Fraud Map Shows UK Card Fraud Losses Hit Record £671 Million in 2018

Analytics software firm FICO today released its annual interactive European Fraud Map, which shows that the UK’s card fraud losses hit a record £671 million in 2018. The data from Euromonitor International and UK Finance compares these losses against previous years and 18 other European countries. Read more »

Signicat and SurePay partner to solve payee confusion and fraud

Signicat, the Trusted Digital Identity™ company, and SurePay, a payment information service, have partnered to integrate SurePay’s bank account verification service with Signicat’s Digital Identity Platform. This pioneering partnership enables financial institutions and businesses in the Netherlands to cross-check the payee’s digital identity with their bank account details. Read more »

TruNarrative partners with French AI firm Bleckwen to expand its financial crime solution

Leeds-headquartered TruNarrative has added French fraud detection and prevention specialist, Bleckwen, to its industry-leading financial crime platform. The latest partnership with the French firm will enable the integration of Bleckwen’s sophisticated dynamic behavioural analytics service – powered by real-time explainable Artificial Intelligence (AI) – into the brand’s existing financial crime and onboarding solution. Read more »

ACH Alert and Apiture Partner to Offer Powerful Payments Technology, Fraud Prevention Services

 ACH Alert, an award-winning provider of electronic payments fraud prevention technology for financial institutions of all sizes, and Apiture, a leading digital banking provider, have entered into a strategic partnership to offer ACH Alert’s patented fraud detection services to Apiture’s more than 450 customers. Read more »

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