Tag: 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.
Themis, Diligencia partner to combat fraud in Middle East and Africa
RegTech platform Themis has formed a strategic partnership with Diligencia, a provider to corporate data in the Middle East and Africa, to help combat fraud.