Fraud Prevention

Advanced Identity Tools Speed Crypto Account Access and Build Revenue
Advanced Identity Tools Speed Crypto Account Access and Build Revenue
February 10, 2023  |  Digital Identity

Streamlined digital account opening is a must-have for all financial institutions (FIs). A critical step in that process is the login experience, for which customers...

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Banks on High Alert as Check Fraud Threatens New Deposits 
Banks on High Alert as Check Fraud Threatens New Deposits 
February 06, 2023  |  Digital-First Banking

The old-fashioned check looms as a 2023 flashpoint in the battle vs. the fraudsters. Criminals steal checks from mailboxes. Enter the search term “check washing”...

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UK Sets Stage for Future Digital ID Legislation and Data Use
UK Sets Stage for Future Digital ID Legislation and Data Use
February 03, 2023  |  Regulation

The U.K. government is seeking public comment on how to make it easier to prove one’s identity online. Consumers can comment on the draft legislation...

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Swiss Prosecutors Looking Into 2022 Credit Suisse Data Leak
Swiss Prosecutors Looking Into 2022 Credit Suisse Data Leak
February 03, 2023  |  Security & Fraud

Switzerland aims to identify and prosecute those behind a 2022 Credit Suisse data leak. Reuters reported Friday (Feb. 3) that the country’s federal prosecutors have launched criminal proceedings and...

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Digital ID and KYC Platforms Potent Weapons Against Accounts Receivable Fraud
Digital ID and KYC Platforms Potent Weapons Against Accounts Receivable Fraud
February 03, 2023  |  Security & Fraud

 Not knowing who’s on the other side of the transaction is expensive.  As noted here last month, financial institutions (FIs) were fined nearly $5 billion for...

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PYMNTS Intelligence: Why Money Mobility in the Insurance Industry Is More Important Than Ever
PYMNTS Intelligence: Why Money Mobility in the Insurance Industry Is More Important Than Ever
January 27, 2023  |  Money Mobility

In a climate of economic uncertainty and consumer dissatisfaction, it is crucial that insurance companies understand what customers are looking for from their insurance providers....

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75% of Businesses Know They Need Better Digital Fraud Tools
75% of Businesses Know They Need Better Digital Fraud Tools
January 26, 2023  |  B2B Payments

Automated fraud-fighting systems have proven successful, although data suggests that firms planning in-house solutions may encounter unexpected headaches.  The B2B Payments Fraud Problem One of the...

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Surveillance Firm Hawk AI Raises $17M as Financial Crimes Grow
Surveillance Firm Hawk AI Raises $17M as Financial Crimes Grow
January 26, 2023  |  Security & Fraud

Hawk AI has raised $17 million to boost its fraud prevention and anti-money laundering efforts. The Munich company announced the Series B on Thursday (Jan. 26), saying...

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PYMNTS Intelligence: Technology Is Needed to Tackle Fraud and Safeguard Incoming Revenue
PYMNTS Intelligence: Technology Is Needed to Tackle Fraud and Safeguard Incoming Revenue
January 20, 2023  |  B2B Payments

In an increasingly online world, companies still relying on manual accounts payable (AP) and accounts receivable (AR) processes are struggling to keep up — in...

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