Found 72 results in 968 milliseconds.
As businesses undergo digital transformation, the need for robust KYB processes has never been more stringent. Understanding and verifying the identity of businesses is not just a regulatory requirement but a strategic imperative.
KYB, KYC, digital onboarding, fraud prevention, AML, merchants, UBOs, data privacy
Adam McLaughlin from Nice Actimize emphasises the crucial distinction financial institutions need to make between efficiency and effectiveness in adopting technology, as compliance goes beyond mere checkbox activities.
compliance, financial crime, financial institutions, transaction monitoring, Sanctions Screening, fintech, data, artificial intelligence, machine learning, risk management
Recognised authority on cybercrime and scams specialist, Al Pascual, tackles the global scam phenomenon, emphasising on the need to build strong business partnerships between merchants and educating customers to reduce fraud.
fraud prevention, scam, ecommerce, merchants, regulation, identity verification, identity fraud
The Financial Action Task Force advanced numerous initiatives in order to strengthen global anti-money laundering, as well as counter-terrorist financial standards.
product upgrade, financial crime, fraud management, AML, fraud detection, fraud prevention, online fraud
Michael Lawrence from RegTech Associates provides an overview of some of the key applications of AI in RegTech, with examples of exciting products to take note of.
artificial intelligence, regtech, fintech, cybercrime, money laundering, compliance, transaction monitoring
The Bank of Lithuania has revoked the licence of the electronic money institution UAB PAYRNET for serious, systematic, and multiple violations of legal acts.
regulation, banks, banking license, EMI licence, financial services
MRC Barcelona 2023 focused on sharing with the community the latest trends in the payments industry and how to efficiently fight fraud, using the newest technologies and developments in the field of fraud prevention.
Account fraud, account takeover, account-to-account payment, Open Banking, artificial intelligence, bot attacks, machine learning, online payments, payment processing, recurring payments, instant payments, payments orchestration, fraud management, fraud detection, online fraud, fraud prevention, biometrics, behavioural biometrics, biometric authentication, friendly fraud, fraud-as-a-service, payment methods, Variable Recurring Payments
Nuvei’s AML Compliance Officer, Antonia Michail, provides updates on EU's AML directives that are impacting FIs and crypto providers.
financial crime, fincrime, AMLD6, financial institutions, crypto, digital currency, regulation, compliance
UK-based data intelligence company Ripjar has expanded its relationship with Amazon Web Services (AWS), integrating its Labyrinth for Threat Investigations with Amazon Security Lake.
fraud prevention, data analytics, risk management, Amazon, artificial intelligence
The democratisation of fraud enables anyone with malicious intent to engage in payment fraud, identity theft, and phishing attacks. Sift’s Brittany Allen explains why these attacks are on the rise and shares best practices on how to prevent them.
first-party misuse, fraud prevention, chargebacks, identity theft, Sift, merchant, ecommerce
The Australian Banking Association (ABA) has rolled out a new campaign to raise awareness of a series of scam scenarios and help customers beat the scammers.
scam, fraud prevention, cybersecurity, fraud detection, online fraud
A multi-national law enforcement team led by the FBI and Dutch National Police has taken down the cybercrime hub Genesis Market.
cybercrime, cybersecurity, data protection, Europol, FBI, identity theft
The EY organisation has been banned by Apas from taking on listed German companies as new clients for the next two years over flawed work for Wirecard.
compliance, regulation, payments , fraud detection, digital identity, identity theft, digital verification, online security
UK-based regulatory body Payment Systems Regulator (PSR) has recently published its latest consultation on guidance to help PSPs provide correct data when reporting their Authorised Push Payment (APP) scams.
regulation, regulatory sandbox, APP fraud, fraud management, fraud detection, online fraud, payment fraud, transaction fraud, scam, PSP, report
Interpol has confirmed it is investigating how it could police crimes in the metaverse, as criminals have started targeting users on similar virtual world platforms.
fraud management, fraud detection, cybercrime, metaverse, web3, data breaches, money laundering, financial crime, phishing, regulation, cybersecurity
Michelle Swiec, Director of Deal Advisory and Strategy Practice at KPMG, elaborates on local and regional regulations with an impact on the cross-border payments and ecommerce space.
cross-border payments, cross-border ecommerce, regulation, ecommerce, cryptocurrency, digital currency, blockchain, AML, CTF, KYC, money laundering, merchant, PSD2, SCA
UK-based fraud prevention company Featurespace has secured funding from the UK and US governments to build an AI system that detects financial crime for banks and PSPs.
Featurespace, APP fraud, AML, fraud prevention, artificial intelligence, privacy-enhancing technology
German KYC provider IDnow has teamed with IATA to improve digital identity protocols for IATA’s customer base.
partnership, digital identity, fraud prevention, cybersecurity
How can financial institutions effectively spot and stop fraud when it occurs as a result of scams and social engineering? Maya Ogranovitch Scott from Ping Identity has the answer.
scam, social engineering, fraud management, fraud detection
To what extent is the EU Digital Identity Wallet an implementation of Self-Sovereign Identity (SSI)? INNOPAY experts explore the connections between these concepts.
digital identity, artificial intelligence, e-wallet, fraud prevention, financial crime