Tag: Fraud

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 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.

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

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

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

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

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

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.

FinTech giant Stripe has launched Enhanced Issuer Network, a set of partnerships with major US card issuers, with the aim of reducing fraud.