Fraud Detection

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 »

OneSpan Launches AI-Based Risk Analytics to Stop Account Takeover and New Account Fraud

 OneSpan, a global leader in software for trusted identities, e-signatures and secure transactions, today announced the launch of its open API, cloud-based Risk Analytics solution to help financial institutions stop fraud, including Account Takeover and New Account Fraud. 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 »

EnterCard Doubles Fraud Detection and Cuts Fraud Loss Rate 60 Percent Using FICO Machine Learning

EnterCard, one of the leading Scandinavian finance companies, has sharply reduced its fraud rate and generated massive savings using the FICO® Falcon® Platform to combat payments fraud and communicate with its 1.7 million customers in Denmark, Norway and Sweden. As one of the first companies to use the platform’s machine-learning adaptive analytics capability, EnterCard is able to rapidly respond to shifts in fraud patterns, and has reduced net... more Read more »

NICE Actimize Announces IFM-X Integrated Fraud Management Platform Powered by AI

 NICE Actimize, a NICE business (Nasdaq: NICE) and leader in Autonomous Financial Crime Management, today announced IFM-X, its next-generation Integrated Fraud Management (IFM) platform that leverages automation and machine learning to optimize effectiveness while reducing the total cost of implementing and operating an enterprise fraud risk management system. Read more »

Success of AML and KYC processes depends on ability to properly manage resources and capacity, says ActiveOps

For many businesses – especially those operating in the financial services sector – anti-money laundering (AML) and know your customer (KYC) processes are crucial in ensuring that companies are maintaining regulatory compliance and monitoring for suspicious activity. To stay on top of AML and KYC requirements, organisations must ensure they have the ability to adequately plan and manage resource and capacity, so that staff efficiency and impact... more Read more »

FICO Awarded Five New Patents for Fraud, AI and Decision Science

Silicon Valley analytic software firm FICO has been awarded five new patents related to fraud, artificial intelligence (AI) and advanced analytics.  In total, FICO currently holds 192 US and foreign patents, and 93 pending patent applications. Read more »

Multiple botnets disrupted as part of anti-fraud operation

The internet scored a win after an FBI-led takedown disrupted a massive, multiyear scam that saw cyber criminals use botnets to manipulate internet traffic from 1.7 million IP addresses and generate nearly 30 million dollars in fraudulent ad revenue. F-Secure supported the takedown operation by providing threat intelligence on the scam’s malware campaigns and botnets.   Read more »

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 »

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