Artificial intelligence and machine learning: Are they interchangeable? Artificial intelligence (AI) is an umbrella term referring to all the methods by which machines imitate human cognition – for instance, decision-making, data analysis, and the ability to solve problems. One of […]
Ever wished you could get your head around a vendor’s fraud detection solution in just 2 minutes? Wish no more. In this short video, Kieran Thompson, Senior Presales Consultant at ComplyAdvantage, walks you through the key reasons why leading financial […]
We know offering a market-leading Fraud Detection solution isn’t enough. Our customers rightly expect a speedy, smooth implementation process and outstanding expert service throughout their time with us. In this video, Oliver Furniss, Chief Product Officer, and Josh Sugarman, Senior […]
When asked which area of their AML compliance program they’re most focused on improving, 40 percent of firms highlighted fraud detection. But with so many vendors on the market offering a range of products, what criteria should firms use to […]
With the value of payment fraud set to soar to more than $40 billion by 2027 and with real-time payment rails and new payment formats transforming the wider ecosystem, firms need to be on top of their game to manage […]
First-party fraud (FPF) is a type of fraudulent activity where an entity deliberately engages in deceptive practices or provides false information to defraud a company or organization from within. A unifying factor behind various types of first-party fraud is that […]
Credit card fraud is one of the most common types of identity fraud. Its prevalence rose significantly during the coronavirus pandemic, with fraudulent credit card applications up 17 percent in the first month of the pandemic alone. And this has […]
Over the past two decades, economic downturns – most notably the Great Recession from 2007-9 – have foreshadowed a rise in financial crime. Against this backdrop, the threat of synthetic identity fraud has become a growing issue, with Forbes projecting […]
By tailoring screening to their risk-based approach and safely whitelisting false alerts at onboarding, Holvi has cut the time they spend remediating false positives in half.
In the US alone, it is estimated that losses related to account takeover fraud (ATO) amounted to $11bn in 2021, representing a 90 percent increase from 2020. As fraud and scams continue to evolve, it is critical for compliance teams to […]
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