Plaid adds ID verification tool
Plaid released a biometric Identity Verification (IDV) tool last week that will integrate into its account linking services in an...
Risk & Security
Real-time anti-fraud, AML solutions to bolster Jack Henry’s payment products
Core and digital banking solutions provider Jack Henry is adding real-time fraud and anti-money laundering (AML) solutions to its software...
3 global cybersecurity lessons for US banks
Cybersecurity approaches in the U.K. and Europe provide learning opportunities for U.S. banks, despite major differences in regulatory and business...
BNPL: A growing target for cybercriminals
Crooks follow the money, and right now there’s a lot of money in buy now pay later (BNPL), which currently...
DOJ anti-trust push creates fresh concerns for banks, large fintechs
The Department of Justice (DOJ) is ramping up its anti-trust efforts, creating new challenges for large fintechs entering traditional bank...
Listen: Automation, fraud farms aid cybercriminals
Skyrocketing scams and card-not-present (CNP) fraud losses can be blamed on bad actors leveraging automation, experts say. Consumer scams reported...
By the Numbers: 57% of banks using AI for AML and KYC processes
As fraudsters continue to adapt and scale their attacks, more than half of all banks are now leveraging artificial intelligence...
Transactions: Grasshopper leverages FiVerity for commercial banking fraud solution
Grasshopper, a $298.9 million digital consumer bank, has selected digital fraud analytics provider FiVerity to mitigate fraud in its commercial...
OCC mandates that USAA delve into automation systems, other technologies
Automation plays a key role in the action plan by the Office of the Comptroller of the Currency (OCC) for...
Citigroup uses ML, AI to reduce sanctions headaches
Citigroup is leveraging machine learning and artificial intelligence to reduce the burden of sanctions. “It's been hugely impactful in the...
