463 Results from /crime
Oliver Tearle Head of Technology Innovation at The ai Corporation
Generative artificial intelligence (AI) has already had a pervasive impact on our lives, with many experts sharing their opinions on the technology’s industry changing commercial potential and how it might be used in future. I recently shared my thoughts on how the technology would change the payments industry, but while there are many positive ap...
09 March 2023 /payments /crime Exposing Financial Crime
Richard McCall CEO at Armalytix
Despite a raft of recent issues, financial institutions remain determined to dive deeper into crypto. This presents real risks to institutions – and that it is imperative that they take precautions to properly protect themselves against the ever-present spectre of fraud and money laundering. The ink is still yet to dry on stories of the FTX coll...
08 March 2023 /regulation /crime Open Banking
Stan Cowan
According to a recent survey from PYMNTS, over 71% of executives are significantly interested in real-time payment systems. It’s easy to see the value in near-instant transactions – faster account openings, purchase confirmations, fund transfers between banks, amongst others. These benefit businesses, consumer and financial institutions (FIs) Even...
07 March 2023 /payments /crime Payments strategies 2015-2020-2030
Retired Member
A judgment by the Court of Justice of the European Union (CJEU) may have turned back the clock on effective anti-money laundering capability. In a surprise announcement on the 22nd of November, the CJEU closed the doors on public access to company beneficial ownership registers. This decision is counter to the requirements of the EU's 5th EU Anti-...
01 March 2023 /regulation /crime
Alex Malyshev CEO at SDK.finance
Imagine being able to talk to your bank account and conduct transactions without the need for a phone or computer. That's the reality of voice-based banking, a fast-growing industry expected to reach $3.7 billion by 2031 (according to Allied Market Research). Recently, however, a big BUT emerged that threatens the whole industry. Back in 2020, I wa...
27 February 2023 /payments /crime Banking
Iain Swaine Director EMEA, Global Advisory at BioCatch
Phishing is the oldest weapon in a fraudster’s war chest and still serves as the most common form of cyber-attack around. Phishing attacks reached a record high in 2022, according to the Anti-Phishing Working Group, with banks continuing to be the number one target. What has become known to many consumers is how to spot most phishing emails when ...
22 February 2023 /identity /crime Artificial Intelligence and Financial Services
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
(This is a commentary on how shortselling works and not a guide to carry out shortselling.) I recently posted the following update on social media: @s_ketharaman: Startup Idea: Hindenburg Research of India. Conduct research in India. Launch hit jobs on foreign companies. 10% of large publicly traded firms in USA allegedly commit securities fraud,...
16 February 2023 /markets /crime
Stu Bradley Sr. VP of Risk, Fraud and Compliance Solutions at SAS
In her 2009 hit single, Lady Gaga sings about being “caught in a bad romance” with an irresistible lover. Not unlike the songstress, nearly 70,000 US singles were entangled in a bad romance of their own in 2022: a romance scam. The Federal Trade Commission’s (FTC) latest data reveals a heart-stopping $1.3 billion swindled by romance scammers in 20...
13 February 2023 /payments /crime Fintech
Eduardo Castro Head of Identity and Fraud at Experian
Romance scams are an especially cruel way to dupe a victim. Gaining their trust and fooling them into thinking they’re romantically involved, before exploiting that trust and using their personal information to take out borrowing in their name – or simply getting them to transfer cash – is particularly heartless. But the scams are not just a cons...
13 February 2023 /identity /crime Digital Identity Management
Uri Rivner CEO and Co-Founder at Refine Intelligence
The 80s! What a fantastic decade. Anyone who grew up in the eighties, raise your hands! Indiana Jones, War Games, Beverly Hills Cop, Commodore 64 adventure games… Growing up in the eighties was awesome. Let’s go back in time together. It’s 1985 – Back to the Future was just released – and you’re walking into your local bank branch. You want to de...
12 February 2023 /regulation /crime Digital Banking
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