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Machine Learning and AI ‘Crucial’ to Fighting Fraud, Research Shows

Banking Exchange

Online payment fraud could cost companies more than $200 billion over four years, finds Juniper Research Risk Management Technology AML & Fraud Cyberfraud/ID Theft Compliance/Regulatory Operational Risk Big Data Security Online Cards BSA/AML Feature3 Feature Financial Research Payments.

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B2B FinTech Investors Planning Ahead

PYMNTS

Formerly known as Creditera, Nav, which offers small businesses an online platform through which they can find financing, announced a $13 million addition to its previously announced $25 million Series B funding round, bringing the total raised for this round up to $38 million. SME Lending.

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FTC Receives More Than 2.1M Fraud Reports in 2020

Banking Exchange

Pandemic sees increase in amount lost to fraud, according to new data Risk Management Feature3 Feature Security AML & Fraud BSA/AML Big Data Covid19 Online Mobile Cards.

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OCC keeps focus on bank/fintech partnerships

CFPB Monitor

This approach is expected to enable a clearer focus by the OCC on risks and risk management expectations. According to a Law360 report, another OCC official who spoke at the Annual Conference also expressed concerns about bank/fintech partnerships.

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15 Twitter accounts every bank executive should follow

Abrigo

See a similar list for the accounting profession: 15 Twitter accounts every accountant should follow 5) @rajeshkan – Rajesh Kandaswamy, research director at Gartner Group, focuses on mobile banking, mobile and cloud payments, channel convergence, digital strategy, big data analytics and outsourcing. Learn more here.

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Hong Kong Relaxes Rules In Effort To Boost FinTech Lending

PYMNTS

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms.

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Sift Science Eyes Global Fraud Prevention With $53M In Funding

PYMNTS

The company uses big data and machine learning to detect fake accounts, payment fraud, account takeover and content abuse. In a very short time, Simility has come to be recognized as a thought leader in fraud and risk management,” said CEO and co-founder Rahul Pangam. For example, Palo Alto-based Simility received $17.5

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