538 Results from /crime
Steve Marshall Director of Advisory Services, at FinScan
Know Your Customer (KYC) remains the cornerstone of identifying potential reputational and financial risks, but as information sources become increasingly diverse, traditional KYC verification methods might no longer be enough. Enter adverse media screening—the unsung hero of KYC that strengthens anti-money laundering (AML) defenses and helps busi...
18 March 2025 /regulation /crime Exposing Financial Crime
Joris Lochy Product Manager at Intix | Co-founder at Capilever
Financial crime continues to evolve at an alarming pace. Despite significant investments in advanced detection techniques, only a small fraction of these crimes is detected and stopped. Research highlights that as little as 1% of illicit financial flows are intercepted, leaving a staggering 99% to slip through the cracks. This is a strong reminde
10 March 2025 /regulation /crime Exposing Financial Crime
Nick Root CEO at Intergiro
As an embedded payments provider across the EU, we fight fraud 24/7. Deepfakes, synthetic IDs, phishing, good old social engineering—you name it, we've seen it. Its relentless Fighting fraud is where we invest most, with 30% of our headcount dedicated to compliance and fraud related work. Millions of EUR in costs, tooling, reimbursements—it's an ex...
10 March 2025 /regulation /crime Transaction Fraud Systems and Analysis
Steve Wilcockson Technical Product Marketing at Quantexa
While AI models - large language models (LLMs) in particular - become more powerful and widely commoditized, the need for accurate, context-rich data grows ever more critical. In regulated industries, this becomes even more essential, as organizations must also ensure explainability and governance. For the modern organization, Contextual Retrieval...
03 March 2025 /ai /crime Financial Risk Management
Nkahiseng Ralepeli VP of Product: Digital Assets at Absa Bank, CIB.
If a bank gets robbed, no one suggests we should stop using money. If a stock exchange suffers a cyberattack, no one argues that traditional finance is inherently flawed. But when a crypto exchange gets hacked? Suddenly, it’s an indictment of the entire industry. Bybit’s recent $1.5 billion hack—the largest in crypto history—is yet another example...
27 February 2025 /crypto /crime
Alessio Balduini CEO and Founder at Credit Data Research
Mounting evidence suggests that losses from the Bounce Back Loan Scheme (BBLS) could have been drastically reduced if Open Banking tools had been used from the outset to verify applicant information. According to government estimates, fraud and error account for about 6.8 percent of BBLS loans—funds that might have been better protected by real-ti...
24 February 2025 /ai /crime Open Banking
Frank Moreno CMO at Entersekt
APP fraud has been steadily increasing, with losses projected to reach around $3.08 billion by 2026. This reflects a significant increase from previous years. In response to this global challenge, Britain’s Treasury (HMT) last year published draft regulations that would allow banks to delay outbound payments for up to 72 hours if fraud was suspec...
19 February 2025 /payments /crime Digital Banking
Maija Zaiceva Identity Verification Consultant at Inverid
Are you ready to face the dark side of AI? Deepfakes, voice clones and counterfeit ID documents are no longer distant threats—they are infiltrating the financial world and helping bad actors to open bank accounts as we speak. It has become increasingly challenging to distinguish between authentic and fraudulent identities during remote onboarding,...
18 February 2025 /identity /crime Online Banking
Rolands Selakovs Founder at avoided.io
Fraud and Chargeback Trends to Watch in 2025 As we navigate through 2025, the landscape of fraud and chargebacks continues to evolve, presenting new challenges for businesses and consumers alike. Staying informed about these emerging trends is crucial for implementing effective prevention and mitigation strategies. 1. Surge in AI-Driven Fraud The ...
14 February 2025 /payments /crime Transaction Fraud Systems and Analysis
Shailendra Prajapati Associate AI Engineer at Compunnel Inc.
Addressing Fraud in a Connected World The surge in digital payments and mobile banking has transformed financial services but it has also expanded the fraud landscape. Traditional, rule-based fraud detection methods are increasingly outpaced by sophisticated cybercriminal tactics. Today, the integration of Internet of Things (IoT) devices with adv...
11 February 2025 /ai /crime Artificial Intelligence
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