581 Results from /crime
Robert Houghton Founder at Insightful Technology
Remaining compliant in today’s financial services industries requires a comprehensive surveillance function. Every call, message and communication between employees, customers and trading partners must be captured, stored and monitored to illustrate compliance. As regulatory requirements have become more demanding, many banks have sought to plug ga...
06 April 2023 /regulation /crime
Iain Swaine Director EMEA, Global Advisory at BioCatch
Iain Swaine, Global Advisory Director EMEA, BioCatch and Katie McKenzie, Engagement Manager EMEA, BioCatch The financial industry is preparing itself for a surge in Authorised Push Payment (APP) scam reimbursements. Why? Because the statistics speak for themselves. In the UK alone, APP scams cost consumers close to £250 million in the first half of...
04 April 2023 /regulation /crime Artificial Intelligence and Financial Services
Marc Smith Founder and CTO at Conpend
Navigating complex, overlapping sanctions is placing renewed pressure on banks’ compliance operations and putting the trade finance industry to the test – again. Marc Smith, founder and CTO at Conpend, shares frontline insights on the current sanctions environment, the impact on trade finance, and the innovative digital solutions that are taking o...
03 April 2023 /regulation /crime Artificial Intelligence and Financial Services
Jason Grasso Customer Risk Business Unit Leader at Pega
In banking and technology, ChatGPT and other types of generative AI is on most people’s mind. In talking with clients they are starting to explore how generative AI can be leveraged to enhance their financial crimes prevention processes. Given that executives are under pressure to reduce costs while managing risk a very logical question to finan...
30 March 2023 /regulation /crime Banking
Retired Member
As merchants gear up to maximise ecommerce sales in 2023, the never-ending fight against fraud means there’s no room for complacency. Valiant efforts to detect fraud will come to nothing if merchants don’t have the right tools to fight it. The speed with which fraud is mutating to evade detection is frightening. Even with innovations such as Stro...
29 March 2023 /security /crime E-commerce
Dan Davies CTO at Maintel
How would you quantify the impact of your business being taken offline for an entire week? What would be the fallout on clients? Where would your reputation stand? What would be the cost of recovery? That is precisely what trading group Ion will be considering right now as they emerge from a week-long ransomware nightmare that took down their deri...
22 March 2023 /security /crime
Guy Melamed CEO at Exberry
The January 31 cyberattack on Ion Markets, a middle- and back-office software vendor serving futures execution and clearing firms, prompted calls at a CFTC hearing on March 8 for a greater emphasis on collaborative responses to future attacks and for greater scrutiny of fintech companies’ cyber risk management. The attack disrupted some activity ...
21 March 2023 /crime
Grant MacDonald Director of Financial Crime at Experian
Financial crime is a major challenge faced by banks worldwide, and the fight against it requires sophisticated tools and approaches. In the UK, transaction monitoring (TM) has been the backbone of banks' efforts to deter financial crime. However, the TM approach has one critical flaw: it does not provide a cross-industry view of financial transact...
21 March 2023 /retail /crime Banking Strategy, Digital and Transformation
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
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