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 ...
Tag: fraud and anti-fraud
Mass digital and mobile banking fosters surge in account takeover fraud
The surge in digital and mobile banking adoption has led to an increase in fraudsters deploying more account takeover (ATO) ...
FBI issues warning on QR code payment fraud
The shift to digital banking and payments is enabling cybercriminals to steal consumers’ login and financial information using quick response ...
Listen: BNPL providers face risk from synthetic fraud
The buy now, pay later industry (BNPL) provides an innovation rail for alternative lending processes and real-time fund access, but ...
2022 Predictions: Fraud and fintech innovations
In 2022, banks must counter the continued growth of fraud, which saw increased frequency in the wake of the COVID-19 ...
ML and automation drive efficiencies in anti-financial crime efforts
While machine learning (ML) and automation are helping to fight financial crimes like fraud and money laundering, there's still plenty ...
Listen: CEO warns banks must adapt security posture for instant payments
Fraudsters in 2020 and 2021 had their best years ever, SentiLink co-founder and CEO Naftali Harris tells Bank Automation News ...
6 evolving trends in financial crime
With a footprint in markets worldwide as well as anti-fraud and anti-money laundering (AML) efforts in finance, global marketplace and ...
Nasdaq broadens efforts to fight fraud, money laundering
Beyond its familiar exchanges and indexes, Nasdaq also has a growing technology solutions business that targets fraud and money laundering ...
Watch: Synthetic identity fraud presents growing threat, panel says
The real world poses as much of a threat as the online one, cybersecurity experts said in a Thursday webinar ...
