EnterCard Doubles Fraud Detection and Cuts Fraud Loss Rate 60 Percent Using FICO Machine Learning
- 6 years 11 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
NICE Actimize Announces IFM-X Integrated Fraud Management Platform Powered by AI
- 6 years 11 months ago
- Security, Fraud Detection, AML and KYC
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.
Success of AML and KYC processes depends on ability to properly manage resources and capacity, says ActiveOps
- 6 years 12 months ago
- Fraud Detection, AML and KYC
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
FICO Awarded Five New Patents for Fraud, AI and Decision Science
- 7 years 1 week ago
- Fraud Detection, AML and KYC
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.
Multiple botnets disrupted as part of anti-fraud operation
- 7 years 1 month ago
- Fraud Detection, Security
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.
Société Générale goes live with Finastra’s Fusion Risk solutions
- 7 years 2 months ago
- Fraud Detection, AML and KYC, Risk Management
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.
Australia hotbed for cybercrime; new report shows identity spoofing as most prevalent attack vector in the ANZ region - LexisNexis Risk Solutions
- 7 years 2 months ago
- Security, Fraud Detection, AML and KYC, Security, Authentication Technology, Risk Management
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
Emailage’s RapidRisk Score Spots Fraud at Lightning Speed
- 7 years 2 months ago
- Fraud Detection, Risk Management
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.
NICE Actimize Launches X-Sight, the Industry’s First Financial Crime Risk Management Platform-as-a-Service Solution
- 7 years 3 months ago
- Fraud Detection, Security
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.
Leading Belarus bank taps FICO technology to fight financial crime
- 7 years 3 months ago
- Fraud Detection, Compliance
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
Indiegogo Chooses Onfido to Keep Fraudsters out of Crowdfunding
- 7 years 4 months ago
- Fraud Detection
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.
Jumio Introduces Liveness Detection for Web to Better Deter Fraud During Account Onboarding
- 7 years 6 months ago
- Fraud Detection
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.
Eventus Systems Launches New Website Highlighting RegTech Solutions for Capital Markets
- 7 years 6 months ago
- Fraud Detection, Regulatory Standards
Eventus Systems, Inc., a provider of innovative regtech software solutions for the capital markets, has just launched a new, enhanced website, www.eventussystems.com. The site features a deep dive into the firm’s capabilities and market-specific features that have attracted clients to Validus, the company’s premier solution for comprehensive surveillance and trading risk management.
Accuity adds real-time vessel alerting and tracking to trade compliance screening solution
- 7 years 7 months ago
- Fraud Detection, Compliance, AML and KYC
Accuity, the leading provider of financial crime compliance, payments and counterparty know-your-customer (KYC) solutions, today announced its new vessel monitoring capability, Firco Trade Compliance Ship Enforcement Alerts (SEA), which will further enhance its market leading screening solution. Firco Trade Compliance SEA will allow organisations involved in trade finance to track shipping vessels in real-time to ensure they are not in breach of... more
Crèdit Andorrà Financial Group Selects NICE Actimize to Strengthen its Global Anti-Money Laundering Solutions Strategy
- 7 years 9 months ago
- Fraud Detection, Regulatory Standards, AML and KYC
Facing the complexities of global regulations, Crèdit Andorrà Financial Group has selected NICE Actimize, a NICE (Nasdaq:NICE) business and the leader in Autonomous Financial Crime Management, to strengthen its anti-money laundering solutions strategy. Crèdit Andorrà Financial Group, the benchmark bank in Andorra, will integrate a suite of NICE Actimize anti-money laundering solutions into its financial crime operations in order to more... more
