Time is Money: Why Litigation Firms Need to Automate Payments

Every year, law firms reclaim billions of dollars in class action payouts for their clients– securing justice for those who have been subject to corporate wrongdoing. Beyond empowering individuals to ...

Law and Finance

AI: Do Regulators Have a Hope of Keeping Pace?

It’s hard to believe that it was only in November 2022 that ChatGPT was unleashed as one of the first mass-market AI applications. With its first birthday approaching, the speed with which ChatGPT is ...

Artificial Intelligence and Financial Services

$500 Billion Problem Seeking for a Solution.

Let me start with an innocent question: Is it expected that someone buys Airline Ticket for somebody else? Yes, it is standard practice for someone to buy an airline ticket for somebody else. People o...

Alternative Investments

AI is getting smarter, but it still needs human guidance when it comes to fraud detection

Generative AI (such as OpenAI's ChatGPT) has generated an explosion of interest as numerous sectors have started understanding its unique capabilities for generating content based on simple prompts. T...

Artificial Intelligence and Financial Services

The Rise of the Digital Catfish: How ChatGPT and Deep-Fake Personas are Changing Financial Fraud

The emergence of artificial intelligence (AI) has given rise to a troubling new type of fraud that is extending digital impersonation beyond just dating platforms and reality TV and into the financial...

Transaction Fraud Systems and Analysis

Hidden value: how to uncover the dark origins behind unusual wealth types

Unusual wealth types provide criminals with an avenue for money laundering. Cryptocurrencies, artwork and luxury goods all have properties which make them the perfect vehicle for hiding the true origi...

Rough Diamonds: Is that really how money laundering works?

‘Rough Diamonds’, the recent television series that delves into the world of money laundering across Europe, depicts a world where criminals try to hide the illicit origins of their funds through diff...

Exposing Financial Crime

5 Ways to Protect Your Financial Institution from Account Takeover Fraud

No matter how much emphasis is placed on creating safe passwords, avoiding phishing attempts, and safeguarding sensitive personal data, the risk of account takeover (ATO) fraud remains ever-present. T...

Information Security

The evolution of KYC: how can financial institutions leverage data to bolster KYC processes?

KYC – Know Your Customer – is about understanding who your customer is and if they are who they claim to be. However, as simple as this sounds, the process and information required to reach that judge...

Banking and Lending Solutions

Banks: Real-Time Fraud Considerations to Maximize the Benefits

The anticipation surrounding instant and real-time payments in the U.S. has captured the attention of financial experts in more ways than one. With the Federal Reserve's launch of their FedNow Service...

Financial Risk Management

Modern Organizations Need a Zero Trust Approach to Security; Here’s Why

Tackling fraud in the modern era takes more than just a secure login process. Accelerated by the global pandemic in 2020, organizations around the globe have shifted their business models to be more...

Capital Markets Technology

Cracking Down on Scams: UK Government Taking Action

The UK government launched a three-pronged strategy for combating and eliminating financial scams in the UK in May 2023, under the direction of UK Home Secretary. There are three pillars: 1. Pursue f...