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Blogs
Barley Laing

Preventing fraud in a globalised world

As migration increases and globalisation continues at pace, financial institutions around the world are having to review and verify a greater range of identification (ID) documents when onboarding cus...

02 Feb 2024
Digital Identity Management
Traci Krepper

Navigating the fraud landscape: 6 predictions for the year ahead

The evolving landscape of fraud in the financial sector demands a proactive approach to security. As criminals constantly refine their tactics to exploit vulnerabilities, the importance of predicting ...

01 Feb 2024
Trends in Financial Services
Luigi Wewege

Unmasking Digital Threats: The Dual Threat of Anonymity in Cybersecurity Breaches and Financial Scam

The surge in cybersecurity breaches and financial scams presents a significant challenge and it is an ever-present danger in a sector that is increasingly digitalized. The core issue lies in the anony...

30 Jan 2024
Artificial Intelligence and Financial Services
Hugo Chamberlain

The Evolution of KYC to KYX: Understanding Your Counterparties

In the realm of financial services and beyond, ‘Know Your Customer’ (KYC) has long been a foundational principle. Initially implemented as a means of combating money laundering, terrorist financing, a...

24 Jan 2024
RegTech
Nick Green

Data contract flexibility: Benefits and strategies

Data contract flexibility makes a significant difference in how financial institutions respond to market shifts and manage spend. Why? Because with the right flexibility, institutions can align their...

18 Jan 2024
Banking
Nick Green

Overcoming bureau lock-in and leveraging multiple data feeds

An emerging pain point many financial institutions grapple with is ‘bureau lock-in’ – over-reliance on a single credit reporting agency (CRA). This data dependency narrows perspectives to one view, re...

17 Jan 2024
Banking
Ken Wan

Harnessing the Power of Monetary Oversight to Tackle Sophisticated Financial Fraud

Thank you to technological advances, it is becoming increasingly convenient for consumers to carry out online transactions, such as online purchases and money transfers by clicking on a link or using ...

11 Jan 2024
Banking
Steve Marshall

AML in 2024: Geopolitics, Regulation, and Data

Increasing geopolitical instability, regulatory developments, and technological advances are set to contribute to a rapidly changing anti-money laundering (AML) landscape in 2024. Here, we look at eac...

10 Jan 2024
RegTech
Aviel Erdis

Will catching APP fraud be enough for banks?

A thought on the PSR’s recent statement on APP reimbursement policy: Under the Consumer Standard of Caution, “consumers should have regard to interventions made by their sending PSP […] those interve...

09 Jan 2024
Banking Strategy, Digital and Transformation
Iain Swaine

Most Surprising Fraud Scams and What to Expect in 2024

Fraudsters are fickle. What’s new is old in the world of cybercrime, with fraudsters often just repackaging up an old attack with a new bow. But it is for this very reason that it is so difficult to p...

08 Jan 2024
Banking
Steve Marshall

FinCEN’s Beneficial Ownership Information Rule is Coming…But Questions Still Remain

Since January 1, 2024, the U.S. government now requires many firms to report information about who ultimately owns and controls them as an effort to ‘make it harder for bad actors to hide or benefit f...

04 Jan 2024
RegTech
Priya Kumari

Maximizing Conversions While Minimizing Financial Fraud: The Benefits of Machine Learning Models

Introduction In today's dynamic and increasingly digital financial landscape, the quest for maximizing conversions while minimizing financial fraud has become a top priority for businesses. Machine le...

15 Dec 2023
Artificial Intelligence and Financial Services

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