Synthetic identities both friend and foe in anti-fraud processes
While bad actors are creating synthetic identities to commit fraud and launder money, FIs can use synthetic identities that they ...
Tag: fraud and anti-fraud
FIs need to educate consumers about AI-supported fraud
AI can remove tell-tale signs of imposter scams such as poor grammar and typos, making education for consumers more important ...
Capital One’s Evan Baker to speak at FinAi Lending Summit
Evan Baker, business chief risk officer for financial services at Capital One, will speak at FinAi Lending Summit on Thursday, Oct. 8. The ...
UnionDigital Bank eliminates successful account takeovers with iProov
UnionDigital Bank says it has stopped all successful fraudulent account takeovers since implementing iProov’s biometric verification technology last year. Since ...
SMBs tap FIs for payments fraud prevention
Small and medium-sized businesses are looking to their financial institutions to provide the technology they need to monitor payments fraud. ...
AI helps fraudsters perpetrate ‘zombie business’ schemes
Bad actors are increasingly using AI to create fraudulent documents when applying for business loans, and lenders must implement multilayer ...
Lloyds creates AI tool to identify fraud ‘red flags’ to customers
Lloyds Banking Group plans to launch an AI tool in its app to help customers sidestep online shopping scams and ...
Nvidia launches AI-driven fraud detection tool
Financial institutions are abandoning fragmented AI architectures in favor of unified transaction foundation models, and early results suggest the shift ...
National Bank of Canada taps Sardine for AI fraud prevention
National Bank of Canada has deployed fintech Sardine‘s agentic AI solution for financial crime prevention as part of a multiyear ...
Trinity Bank to deploy AI-driven solution to fight fraud
SAN DIEGO — Trinity Bank is set to deploy BioCatch, an AI-driven behavioral biometric platform, to strengthen fraud prevention across its digital banking channels. The $550 million ...
