Accuity signs USL,strengthening its position in the Nigerian market
- 7 years 7 months 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
- 7 years 7 months 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
- 7 years 7 months 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
- 7 years 7 months 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
- 7 years 8 months 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
- 7 years 8 months 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
- 7 years 8 months 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.
Experian Handles New Account Fraud With BioCatch Behavioral Biometrics
- 7 years 9 months ago
- Fraud Detection
BioCatch, the global leader in behavioral biometrics, announced today that it has teamed up with Experian, the leading global information services company, to integrate its behavioral biometric technology into the company's fraud and identity platform, CrossCore™, to help prevent new account fraud for its users.
Aspect Software Becomes a Service Provider Member of the GSMA
- 7 years 9 months ago
- Mobile Banking, Security, Fraud Detection
Aspect Software has strengthened its commitment to its work in banking fraud prevention and mobile banking, by becoming a service provider member of the GSMA.
Free2move Partners Jumio for Quick and Easy Identity Verification Process
- 7 years 9 months ago
- Security, Fraud Detection
Free2Move, the car-sharing aggregation app, will use Netverify Trusted Identity as a Service to streamline driving licence verification, improve services and drive expansion.
Nethone Supports Almundo.com With Fraud Solution
- 7 years 9 months ago
- Security, Fraud Detection
Nethone – a global provider of AI-driven Business Intelligence and fraud solutions – announced today that Almundo.com – one of the largest and most admired travel agents in Latin America – has rolled out its cutting-edge fraud prevention system. Nethone fraud solution selected by Almundo.com leverages diverse state-of-the-art technologies, including top-grade Machine Learning and advanced User Profiling, focused on non-PII data.
Gadget ransomware warnings highlight opportunity to improve identity authentication
- 7 years 9 months ago
- Trading Systems, Retail Banking, Fraud Detection, Infrastructure
Fraud follows the channels of adoption, but as we get more connected, the easier it will become to prove our identity. This week the National Crime Agency and National Cyber Security Centre reported that a particular kind of security breach, ransomware, has grown significantly over the past year, with the popularity of internet-connected gadgets increasing the risk of attacks for consumers.
Financial Fraud Action UK Report Shows £2 Million Loss Per Day as a Result of Financial Fraud
- 7 years 10 months ago
- Security, Fraud Detection
In 2016, the UK lost £2 million each day as a result of financial fraud, according to official figures released by Financial Fraud Action UK (FFA UK).
CustomerXPs to Showcase ‘Human Brain Like’ Real-Time, Cross-Channel Fraud Management at MEFTECH
- 7 years 10 months ago
- Banking, Fraud Detection, Security, Risk Management
Real-time, Cross-channel Banking Enterprise Financial Crime Management software product company CustomerXPs today announced that it will be showcasing their acclaimed product Clari5 at the upcoming MEFTECH event scheduled to be held at ADNEC, Abu Dhabi on 13 & 14 March.
Gone in 60 seconds - Ransomware’s reality
- 7 years 10 months ago
- Security, Data Protection, Fraud Detection
Timico , cloud service provider in partnership with Datto , a business continuity solutions provider, reveals research findings that the effects of Ransomware attacks on finance companies cause substantial financial cost and immeasurable data loss. However, there is an alarming lack of awareness when it comes to being prepared, with over half of UK banking and insurance firms having no official Ransomware policy, to guide employees on what to do... more
