Tag: Fraud

How Resistant AI is leading the way in anomaly detection

Resistant AI, a company founded in 2019, employs machine learning techniques to safeguard financial services from fraud,

Transforming finance with dynamic risk assessments

Unlocking the potential for commercial success, dynamic financial crime risk assessments offer a multitude of benefits for financial institutions. Acuminor, a RegTech company explained that these benefits serve to bolster the financial health, stability, and long-term growth of these institutions.

CBA takes a stand against cryptocurrency scams

As cryptocurrencies become increasingly popular, the risk of scams targeting investors has grown. In response, Commonwealth Bank (CBA) has launched new safety measures aimed at safeguarding its customers. The bank will now impose restrictions, delays, and limits on certain payments to cryptocurrency exchanges.

The Future of Financial Crime Prevention: Understanding FRAML

The concept of FRAML, the integration of Fraud and Anti-Money Laundering (AML), is radically altering the outlook of risk management and compliance in the financial sector. A recent webinar, led by the Electronic Transactions Association (ETA) and sponsored by Hawk AI, engaged a panel of Fraud and AML professionals to dissect the benefits and hurdles of FRAML.

EBA identifies retail payments fraud, over-indebtedness as key policy challenges

The EBA has published its 8th annual consumer trends report that summarised trends in the consumer protection space.

Are cashless payments leading to skyrocketing fraud?

A report by NICE Actimize has found that the rise of banking fraud is a growing concern for financial institutions and consumers alike.

What could the impact of fraud in the metaverse be?

The development of tech in recent decades has seen us move from personal computers to the metaverse in a fairly short time frame.

Fiserv unveils new omnichannel fraud mitigation solution

Fiserv, a global provider of payments and financial technology solutions, has introduced a new fraud mitigation offering.

UK firms spending £22k each hour on fighting fraud

UK financial services organisations are collectively spending £32.4bn each year on financial crime compliance (FCC), according to a report from LexisNexis Risk Solutions.

Resistant AI’s Document Forensics solution available on Google Cloud Marketplace

Resistant AI, a fraud and financial crime prevention services provider, has made its Document Forensics solution available on Google Cloud Marketplace.

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