Refinitiv and Napier to help combat money laundering with improved transaction monitoring solution
- 5 years 11 months ago
- Fraud Detection, Compliance, AML and KYC
Refinitiv has partnered with Napier, a leading anti-money laundering (AML) and intelligent compliance software provider, to offer a next-generation transaction monitoring solution designed to help corporates and financial institutions tackle money laundering and combat emerging threats in financial crime. The partnership offers Napier’s advanced analytics, automation and transparent artificial intelligence, backed by Refinitiv’s World-Check Risk... more
StreamMind rolls out global confirmation payee solution for banks to comply with new Payment Systems Regulator’s code of practice
- 5 years 11 months ago
- Fraud Detection, Compliance, AML and KYC
StreamMind, a leading technology provider, announced the roll out in Europe of its solution to prevent bank transfer scams, a solution that allows a user to match an identity with bank account number. The solution enables the bank to comply with the recent proposal by Payment Systems Regulator to fully put confirmation of payee measures in place by 31st March 2020.
Featurespace Launching Adaptive Behavioural Biometrics to Solve Complex Fraud Attacks
- 5 years 11 months ago
- Fraud Detection, Data
Featurespace introduced Adaptive Behavioral Biometrics, which uses in-session behavioral data collected from digital channels in real time to detect and prevent fraud during customer onboarding and digital sessions.
HooYu Identifies 1 in 8 Disqualified Directors are Abusing the Commercial Register
- 6 years 3 days ago
- Fraud Detection, Security
Research by fraud investigation technology provider HooYu has identified loopholes at Companies House that enables individuals to register as a director, to run businesses and to enable fraud and money laundering, even after they have been struck-off from holding company directorships.
Yooz leverages Artificial Intelligence to help UK businesses tackle invoice fraud
- 6 years 1 month ago
- Artificial Intelligence, Fraud Detection
Yooz, an international provider of intelligent P2P software in the Cloud, today announced the launch of YoozProtect, a new functionality to assist in the automatic detection of fraudulent and forged documents and enhance regulation compliance for UK businesses.
Accuity Launches AI-Powered Financial Crime Compliance Screening to Detect and Prioritise Highest Risk Individuals
- 6 years 1 month ago
- Artificial Intelligence, Fraud Detection, Compliance, Security
Accuity, the leading provider of financial crime compliance, payments, and Know Your Customer (KYC) solutions, has announced its AI-driven account screening capability, ‘Firco Automated Alert Reduction’, which increases the level of accuracy in detecting and evaluating screening matches during the KYC process.
NICE Actimize Signs Mobile Banking Leader Varo Money
- 6 years 1 month ago
- Fraud Detection, Compliance, AML and KYC
Leading the industry with solutions protecting mobile financial services offerings, NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, was chosen by Varo Money, Inc. a leading all-mobile banking company to implement its financial crime strategy for anti-money laundering protections including AML/KYC requirements, sanctions screening and transaction monitoring capabilities.
RISK IDENT crowned back-to-back FinTech Breakthrough Awards champion
- 6 years 1 month ago
- Data Protection, Fraud Detection, AML and KYC
RISK IDENT has been named “Best Fraud Prevention Company” at the 2019 FinTech Breakthrough Awards, marking a second consecutive win for the leading European anti-fraud company. The 2019 awards program, which recognizes the leading technologies, companies and products in the global FinTech industry, attracted a record-breaking 3,500+ nominations from across the globe.
Varo Money Selects Feedzai For Enterprise Fraud Prevention, Preparing For Continued Rapid Scale
- 6 years 1 month ago
- Security, Data Protection, Fraud Detection, AML and KYC
Varo Money LLC (Varo), a leading challenger banking company, and Feedzai, the leader in fighting financial crime with artificial intelligence, today announced a new partnership. Varo’s continued growth will be bolstered by Feedzai’s fraud-prevention platform, which provides purpose-built machine learning for risk prevention with a focus on customer experience and flexibility to scale along with the rapidly growing bank.
Aite Group Recognizes Featurespace as "Best-in-Class" Technology
- 6 years 1 month ago
- Data Protection, Fraud Detection, AML and KYC
Aite Group, a global research and advisory firm, recognized Featurespace™ as Best-in-Class in its 2019 report on fraud and AML machine learning platform vendors (download a complimentary copy of the report here).
Ecommerce fraud increases as consumers increasingly migrate to online shopping
- 6 years 1 month ago
- Security, Fraud Detection
Figures from the annual BRC Retail Crime Survey out today report an exponential increase in ecommerce fraud, specifically fraudulent Card Not Present (CNP) refunds.
NICE Actimize Signs Crypto Finance Leader Circle to Implement Markets Surveillance and Protections Strategy
- 6 years 2 months ago
- Data Protection, Fraud Detection, AML and KYC
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.
OneSpan Launches AI-Based Risk Analytics to Stop Account Takeover and New Account Fraud
- 6 years 3 months ago
- Artificial Intelligence, Fraud Detection, Risk Management
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.
Atlanta-based IDology to Be Acquired by GBG for $300m
- 6 years 3 months ago
- Data Protection, Fraud Detection, Data
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.
EnterCard Doubles Fraud Detection and Cuts Fraud Loss Rate 60 Percent Using FICO Machine Learning
- 6 years 3 months ago
- Fraud Detection
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
