BankInovation

MARCH 2, 2022

The Bank of Montreal saw improvements in its fraud monitoring once it started using the Pindrop platform and banking consortium data in its workflow. CHARLOTTE, N.C.—The

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PYMNTS

JUNE 20, 2019

Data analytics company Equifax is teaming up with identity verification solutions provider GIACT Systems to help joint corporate customers mitigate the risk of fraud. “We are pleased to be entering into an alliance with Equifax ,” said GIACT Co-Founder and CEO Melissa Townsley in a statement.

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Perficient

OCTOBER 15, 2020

The world of modern data and analytics continues to evolve and is very exciting. They also quietly built out a robust set of services to support any and all use cases related to data and analytics. Outlined below are the Top 10 Things You Didn’t Know about Data and Analytics in the Oracle Cloud: 1.

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PYMNTS

FEBRUARY 4, 2020

RELX will acquire Arizona-based Emailage for $480 million in the former’s push to establish a footprint in the fraud prevention market, according to Financial Times (FT). Last month, the company spent $375 million to buy San Diego-based ID Analytics.

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BankInovation

AUGUST 1, 2024

Visa and Mastercard are deploying AI for the following: To fight fraud; Enhance data and analytics; and Boost accounting and sales operations. Mastercard is using AI for operations including data analytics, fraud and cybersecurity to improve offerings and efficiency, […]

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PYMNTS

JUNE 19, 2018

Fraud has no choice but to roll with the punches, and the flurries are enough to daze a boxer as skilled as Ali. By now, it’s widely known that chip-enabled cards have been pushing fraud to digital conduits. This is the estimate of global card fraud losses by 2020. Pity the poor fraudster. Grab a piece of an ID and blam!

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PYMNTS

JUNE 3, 2019

For credit unions (CUs), data analytics can deliver that insight, helping them to more effectively address their members’ specific needs, and informing CUs of the products and services that can deliver the most effective returns on their investments. percent of CUs that did not focus on data analytics. For example, 91.7 Meanwhile, 80.6

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The Paypers

SEPTEMBER 24, 2024

Global data and analytics company LexisNexis Risk Solutions has released a new report investigating digital fraud, revealing a substantial surge in fraud attacks in 2023.

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BankInovation

JANUARY 30, 2024

Technology and innovations advanced in leaps and bounds in 2023, including enhancements to AI, the introduction of generative AI and investment in data analytics.

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PYMNTS

MAY 4, 2020

Advances in technology are making consumer transactions seemingly more secure, but cybercriminals are still finding sophisticated ways to beat systems and commit financial fraud. A 2018 study on payment fraud mitigation reported that 75 percent of financial institutions (FIs) experienced fraud losses.

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Payments Dive

JUNE 11, 2018

With growth in omni-channel payments, avenues for fraud are growing FSS Risk Analytics As-A-Service incorporates, machine learning and event correlation to proactively contain risk

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PYMNTS

JUNE 8, 2020

Financial fraud prevention software and cloud company NICE Actimize has unveiled a deal to acquire Guardian Analytics. said the acquisition of Guardian Analytics should both strengthen and widen its appeal to financial institutions (FIs), particularly in the anti-money laundering (AML) arena. NICE Actimize, a unit of NICE Ltd.,

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PYMNTS

APRIL 1, 2020

One bank exploring data analytics is ATB Financial , which has 173 branches and 142 agencies throughout the Canadian province of Alberta and assets totaling more than $54.3 One of the early tools of ATB’s data analytics program was its customer service robot, Pepper , which was developed in partnership with SoftBank Robotics America.

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FICO

OCTOBER 28, 2018

The recent fascination with artificial intelligence and machine learning has made some of us ( naturally intelligent) humans confused about the role that these technologies play in the broader field of fraud analytics. In the fraud management space, BI can be thought of as a descriptive performance reporter. Source: FICO Blog.

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PYMNTS

DECEMBER 21, 2020

That's why we call them human analytics. Step number one is, let me see first- and third-party fraud through the behaviors of my applicants that I can't see today,” Alton said. This allows them to start seeing the fraud.”. When we offer Behavior-as-a-Service, we tell people if you have behavioral data today.

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PYMNTS

FEBRUARY 26, 2020

fraud prevention firm Featurespace announced on Wednesday (Feb. Noting the worldwide cost of fraud is estimated at £3.89 trillion) Featurespace said as fraud techniques evolve so must prevention solutions. With the evolution of fraud , P2P payments and eCommerce are increasingly becoming key areas of cyberattacks.

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FICO

OCTOBER 29, 2018

The recent fascination with artificial intelligence and machine learning has made some of us ( naturally intelligent) humans confused about the role that these technologies play in the broader field of fraud analytics. Fraud analytics is an umbrella term covering a lot of technologies — let’s look at the two big categories.

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FICO

JULY 31, 2018

This is the fifth in my series on five keys to using AI and machine learning in fraud detection. For continual performance improvement, fraud detection professionals should consider adaptive technologies designed to sharpen responses, particularly on marginal decisions. What Do You Need Besides the 5 Keys? But that’s not enough.

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PYMNTS

SEPTEMBER 20, 2019

19) that its Fleet module is now available to users of its artificial intelligence (AI) analytics platform that automates fleet card transaction analysis. The company said in an announcement on Thursday (Sept.

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BankInovation

OCTOBER 19, 2023

Discover Financial Services continues to invest in technology and advanced analytics within customer service, originations, risk and compliance, fraud detection and application processes.

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FICO

JULY 23, 2020

Electronic payments have paved the way for new and old authorised push payment (APP) scams to hit the UK market, with a 40% rise in 2019 ; 56% of Europeans surveyed experienced at least one type of fraud/scam in 2018/2019. Fraud scams are a concern for every fraud manager. Detecting fraud without marked data can be a challenge.

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PYMNTS

JUNE 26, 2019

Anti-money laundering, data security, mobile/digital payments, fraud-fighting and payment tech rounded out the top five — with each ranking as a lead priority for over 50 percent of credit union executives. And in some of those objectives — particularly in fraud detection and prevention — those uses are happening, iterating and thriving.

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PYMNTS

JULY 12, 2020

The Electronic Crimes Task Forces and Financial Crimes Task Forces will be merged into the Cyber Fraud Task Forces (CFTF). Secret Service has established a single agency to fight them, the Secret Service announced in a press release. Secret Service, in a statement.

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PYMNTS

DECEMBER 9, 2020

9) that it’s successfully completed its acquisition of GIACT and has expanded its suite of products for fraud prevention and identity verification. GIACT’s real-time payment analytics are a great addition to our existing strength in anti-money laundering and digital identity verification,” he said, according to the release. “We

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Abrigo

OCTOBER 22, 2024

Their contributions are massive, and if you’ve ever worked with AML Officers and fraud professionals, you know just how vital they are. Every day, I’m reminded of the critical role the teams at our 2,500 bank and credit union customers play in anti-money laundering (AML), combating the financing of terrorism (CFT), and fraud prevention.

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PYMNTS

JULY 15, 2020

Mari Anne Bayliss , senior director of solution management at CyberSource , told Karen Webster that simply relying on machine learning as a weapon against fraud is not enough — not in an age where managing fraud risk during the great digital shift (and unprecedented transaction volumes) is so challenging. .

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PYMNTS

SEPTEMBER 20, 2018

ProfitStars , the Jack Henry & Associates division that provides risk management solutions for financial institutions, announced its latest fraud tool on Wednesday (Sept. The iPay ESM tool helps those institutions fight fraud while maintaining compliance with the Federal Financial Institutions Examination Council (FFIEC), the firm said.

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PYMNTS

JANUARY 14, 2021

Location, Location, Location: How Location Data Can Help Banks Prevent Online Fraud , a study by PYMNTS and GeoGuard , found that 55 percent of U.S. Customer communication, education and assured security are the keys to unlocking geocoding’s valuable analytics and ability to capture market share. Gaining Consumer Trust.

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Payments Dive

APRIL 7, 2023

The artificial intelligence and data analytics company aims to help North American Bancard protect its merchants from payment processing fraud, Virtualitics CEO Michael Amori said.

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PYMNTS

FEBRUARY 11, 2020

PSCU has prevented over $277 million in would-be fraud last year, 30 percent more than in 2018. PSCU said it regularly invests in industry-leading cyberattack prevention tools – like machine learning (ML) and data analytics – across all channels. Pindrop blocks attempted contact center fraud and works to protect accounts from loss.

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PYMNTS

NOVEMBER 17, 2020

The number of real-time payments has risen dramatically in recent years, and APP fraud has grown alongside it. Bad actors typically perpetrate APP fraud in several ways. APP Fraud Ramps Up. Instances of APP fraud around the globe have continued to rise as real-time payment rails extend their reach.

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PYMNTS

AUGUST 13, 2020

Barclaycard has rolled out its Barclaycard Payment Intelligence (BPI) offering that harnesses detailed information analytics to give procurement departments a wide view of their supply chains, which allows them to save money, according to an announcement.

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Independent Banker

NOVEMBER 30, 2021

As more customers moved online, fraudsters took advantage of new and increasingly inventive opportunities to commit remote authentication fraud. These types of scams fall under the broad term of remote authentication fraud, and they’re increasingly common—and inventive. Examples of remote authentication fraud. New account fraud.

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PYMNTS

DECEMBER 17, 2020

Fraud protection specialist Kount and Philadelphia-based payments platform FreedomPay are teaming up to offer “an integrated, complete solution to enable international expansion with fraud-free payments and frictionless customer” experiences.

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PYMNTS

MAY 1, 2020

Amid rising criticism over the loan effort, the Department Of Justice has reportedly discovered potential fraud among companies seeking relief with the Paycheck Protection Program (PPP). That team has been utilizing data analytics for over 10 years to find criminal activities linked to Medicare in addition to other federal programs.

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PYMNTS

SEPTEMBER 15, 2020

Such immense effort is expended fighting determined fraudsters that it’s easy to minimize friendly fraud — a frustrating state of affairs that leaves financial institutions (FIs) and merchants on the hook for purchases disowned, justly or otherwise, by legitimate cardholders. Spotting The Fakers.

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The Paypers

OCTOBER 29, 2021

US-based fraud prevention company DataVisor has partnered with analytics and technology company Equifax to combine identity data from Equifax with its AI signals.

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