Ocado launches AI-based fraud detection system for online orders powered by Google Cloud
- 6 years 10 months ago
- Artificial Intelligence, Security, Data Protection, Fraud Detection
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.
Learnings from the PNB Saga: Control Fixes at Banks
- 6 years 11 months ago
- Fraud Detection
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.
Signicat secures second round of Horizon 2020 funding to develop ID Assurance as a Service
- 6 years 12 months ago
- Security, Data Protection, Fraud Detection, Regulatory Standards, AML and KYC, Security, Authentication Technology
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
Barclays warns UK faces most fraudulent online Christmas ever
- 7 years 2 months ago
- Security, Fraud Detection
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.
Chargebacks911 Announces Partnership with LimeLight to Reduce Credit Card Chargebacks
- 7 years 3 months ago
- Fraud Detection
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.
More than Half of UK Public Think Fraud is Inevitable When Shopping Online and Want Business to Heighten Security Measures
- 7 years 3 months ago
- Fraud Detection
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.
Accuity unveils screening technology for transparent, traceable and auditable financial crime compliance
- 7 years 3 months ago
- Security, Data Protection, Fraud Detection, Compliance, Regulatory Standards, AML and KYC
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.
EastNets Showcases its Real-time Fraud Detection Solution at Sibos
- 7 years 3 months ago
- Fraud Detection
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).
FICO Machine Learning Algorithms Improve Card-Not-Present Fraud Detection by 30%
- 7 years 3 months ago
- Fraud Detection
FICO is releasing new payment card fraud detection models focused on making card-not-present (CNP) transactions more convenient and secure.
Mastercard Arms Banks with Predictive Tool to Combat Card Fraud After Data Breaches
- 7 years 3 months ago
- Payments, Fraud Detection
It can now take as little as 9 minutes for stolen card and account data to be used via the dark web.
FICO Achieves Amazon Web Services (AWS) Financial Services Competency status
- 7 years 4 months ago
- Security, Data Protection, Fraud Detection, Compliance, AML and KYC
Silicon Valley analytic software firm FICO announced that its TONBELLER® Siron® suite of anti-money laundering (AML) and know your customer (KYC) solutions have achieved Amazon Web Services (AWS) Financial Services Competency status. This designation recognises FICO for delivering robust solutions on AWS to help organisations manage critical issues pertaining to the industry, such as risk management, data management, navigating compliance... more
Pulse: US Debit Card Fraud Declines in Wake of Chip Roll Out
- 7 years 5 months ago
- Fraud Detection
According to the 2017 Debit Issuer Study, commissioned by PULSE, one of the nation’s leading debit/ATM networks, U.S. financial institutions substantially increased issuance of chip debit cards in 2016 and experienced reduced fraud losses.
The ai Corporation Launches its Outcome-based Fraud Management Service
- 7 years 5 months ago
- Artificial Intelligence, Fraud Detection
The ai Corporation (ai) an FCA approved expert in fraud and risk management, has today launched its outcome-based fraud service model. By combining ai’s world leading fraud experts and its artificial intelligence/machine learning capability, the new service model will enable organisations to outsource all aspects of their fraud management function to ai’s team, under a performance-based contract.
Risk Ident launches in US with new MD appointment
- 7 years 5 months ago
- Fraud Detection, Compliance
RISK IDENT, a leading provider of fraud prevention software supported by machine learning, is expanding its international operations and opening up its new US headquarters at the Cambridge Innovation Center (CIC) near Boston, Massachusetts. The center is home to more startups than anywhere else worldwide, while its proximity to customers, talent, and investors makes this location ideal for RISK IDENT’s future developments.
Aeriandi expands secure voice services to offer NICE Nexidia Analytics
- 7 years 6 months ago
- Security and Compliance, Security, Data Protection, Fraud Detection, Compliance, Regulatory Standards, AML and KYC, Security, Authentication Technology
Aeriandi, a leading provider of secure voice services and NICE, a global leader in cloud and on-premises enterprise software solutions, including advanced customer analytics, have announced a strategic partnership. Under the terms of the partnership, Aeriandi’s customers will have access to an easy to implement speech analytics solution that can analyse both real-time and archived calls.
