Pulse: US Debit Card Fraud Declines in Wake of Chip Roll Out
- 7 years 10 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 10 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 10 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 11 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.
Fraugster Uses AI to Bring e-commerce into a Fraud Free World
- 7 years 12 months ago
- Fraud Detection
Fraugster, an Israeli and German payment security company, announced today the official launch of the Fraud Free Product (Fraugster.com/fraudfree). The innovative solution uses a powerful Artificial Intelligence technology designed to completely eliminate fraud and increase profits for online merchants.
Jscrambler Releases 5.0 to Help Companies Combat Browser Hacks
- 8 years 1 day ago
- Fraud Detection
Launching today is Jscrambler's Webpage Integrity module, an anti-fraud solution designed to protect webpages. It identifies fraud by detecting malicious tampering and client-side injections to webpages. Jscrambler is able to identify any kind of client-side injection (MITB, Malicious Extensions, Client-side XSS, Malicious/Compromised third-party code, etc.), be it a known injection or a completely new one (0-day attacks).
Company Directors at Greater Risk of Identity Fraud – Cifas and LexisNexis Risk Solutions Report Reveals
- 8 years 2 days ago
- Fraud Detection
A new collaborative report, released today by Cifas, the UK’s leading fraud prevention service, and LexisNexis® Risk Solutionsan information solution provider that helps organisations assess, manage and predict risk and part of RELX Group, highlights that company directors are one of the most at-risk groups for identity fraud.
Tsys Applies Machine Learning Tech to Fraud Scoring
- 8 years 4 days ago
- Fraud Detection
TSYS, in conjunction with Featurespace, announced a new fraud prevention product today, called TSYS Foresight Score with Featurespace.
Accuity signs USL,strengthening its position in the Nigerian market
- 8 years 1 week ago
- Payments, Security, Fraud Detection, Compliance, Security
Accuity, the leading provider of financial crime compliance, payments and know-your-customer (KYC) solutions, announced today that it has signed a new partnership agreement with Union Systems Limited (USL), an information technology company supporting advanced software for leading banks and financial institutions in Nigeria, Ghana and Kenya. The partnership enables Accuity to add momentum to the growth of its business across the Nigerian market.
New Cyber Security Solution Detects WannaCry Attack and Stops It Dead in Its Tracks
- 8 years 4 weeks ago
- Security, Fraud Detection
With the recent events surrounding the WannaCry ransomware attack, REMTCS' ANNI PASS solution would have identified and mitigated the ransomware attack, preventing it from spreading throughout an organization.
Chargebacks911 Rebrands as The Chargeback Company in Europe
- 8 years 4 weeks ago
- Fraud Detection, Security, Risk Management
Chargebacks911, Europe’s first-ever chargeback management and dispute resolution company for online businesses, announced today that it will also be known as The Chargeback Company in Europe. The company will still be known as Chargebacks911 in North America, Australia and elsewhere outside of Europe.
Nuance Unveils New Biometric Security Suite
- 8 years 4 weeks ago
- Fraud Detection
Nuance Communications today took a major step towards reducing the risk of consumer fraud by announcing a new suite of biometric security solutions, driven by the latest in artificial intelligence (AI) innovations.
CA Technologies to reduce online fraud losses by 25 percent
- 8 years 1 month ago
- Fraud Detection, Security, Risk Management
CA Technologies (NASDAQ:CA) today announced CA Risk Analytics Network, the payment industry’s only card-issuer network that stops card-not-present fraud instantly for network members using real-time behavior analytics, machine learning and global transaction data to reduce online fraud losses by an average of 25 percent* – a potential of $2.2 billion in savings.**
Russia’s Sovcombank implements psychometric scoring from FICO and EFL to increase credit portfolio
- 8 years 1 month ago
- Fraud Detection, AML and KYC, Data, Risk Management
Russia’s Sovcombank is using a new form of credit scoring to attract young people looking for their first credit card. The score, developed by Entrepreneurial Finance Lab (EFL) and marketed by Silicon Valley analytics firm FICO, uses an interactive online assessment to evaluate an individual’s credit risk. Sovcombank, a universal bank with more than 2 million customers, is using the score to “gamify” the credit application process.
IndusInd Bank Wins Celent Model Bank of the Year Award For Growing Revenue While Managing Fraud; Endorsement of Clari5’s ‘Yin & Yang’ Approach to Fraud Management and Cross-sell
- 8 years 1 month ago
- Security, Fraud Detection
IndusInd Bank has won the Celent Model Bank 2017 Global Award for Fraud Management and Cybersecurity for driving a unique initiative, namely how to leverage the investments in fraud management to pay for itself. In the innovation, IndusInd Bank not only implemented the real-time enterprise wide cross-channel fraud and AML management platform, but also began reusing in-memory data to offer simultaneous real-time cross-sell and upsell.
