FIs divided on fraud data control
Financial institutions are looking to data-sharing consortiums to defend against financial crime as consumer fraud losses reached nearly $9 billion...
Smaller FIs look to FiVerity for anti-fraud data sharing
In one week in April, Metro Credit Union received more than 450 fraudulent account opening applications. Using manual processes, fraud...
HSBC targets cyberthreats with quantum computing
HSBC is increasing its investment in quantum computing innovation after teaming up with Quantinuum in May. Image via HSBC The...
Generative AI co-pilot to help banks automate compliance
What if a bank's compliance software could relay messaging in natural language? Photographer: Gabby Jones/Bloomberg That’s the question anti-money laundering...
3 cybersecurity trends banks should watch
Fraud rates continue to climb each year as fraudsters scale operations. For banks seeking to protect themselves from financial crime,...
Volt eyes global payments network with $60M raise
London-based open banking startup Volt is looking to expand global operations with a $60 million series B round. The additional...
RBC to use new Salesforce platform
Financial institutions can see the terms of a loan being offered by a competitor with a new platform launched Thursday...
JPMorgan introduces fraud-fighting LLMs
Banks are exploring use cases for large language models to fight fraud as the technology’s ability to detect patterns in...
FIs share fraud-fighting insights with Plaid solution
Plaid is looking to fight fraud with its Thursday launch of a network-based tool to help financial institutions take a...
5 account takeover attacks FIs should watch for
It’s no secret to financial institutions that fraud is on the rise. Seventy percent of financial institutions reported losses of...
