498 Results from /crime
Nick Green Director at Purple Patch Broking Ltd
APP fraud is on the rise. According to Finextra, the total number of APP fraud cases was up 22% in 2023 compared to 2022. In fact, APP fraud is now the number one payments threat and are expected to reach $5.25 billion by 2026. In the UK, consumers lost over half a billion pounds to scams in the first half of 2023 alone. What’s more, the PSR has ...
21 May 2024 /retail /crime Banking
Nick Feast Principal Business Solutions Manager at SAS
If cracking an insurance fraud case is like assembling a jigsaw puzzle, then data points are the puzzle pieces. Insurer special investigative units (SIUs) work hard to put together the data at hand — the puzzle pieces — to see the complete picture. But just as missing crucial pieces of a puzzle can leave the picture incomplete, a lack of data can ...
16 May 2024 /ai /crime
Mark Nutt Senior Vice President, International Sales at Veritas
There’s no hiding from it; ransomware is once again on the rise and today’s attackers do not discriminate. Regardless of size and sector, no organisation is immune and as the list of recognisable victims grows longer, it’s not a case of ‘if’ a business will get hit but ‘when’. For financial services organisations, in particular - due to the very n...
09 May 2024 /security /crime Banking Strategy, Digital and Transformation
Serhii Bondarenko Artificial Intelegence at Tickeron
Algorithmic trading strategies, pivotal in today's financial markets, must be built on solid statistical methods and a sound understanding of market dynamics. These strategies automate trading by following a set of rules designed to capture persistent market inefficiencies. However, a strategy can only be effective if it consistently recognizes th...
06 May 2024 /inclusion /crime Artificial Intelligence and Financial Services
Hedge funds and institutional investors have traditionally held a significant advantage in the financial markets, largely due to their vast resources for research and sophisticated trading technology. This professional edge has enabled the development of advanced trading platforms that were well beyond the reach of individual retail investors. How...
05 May 2024 /inclusion /crime Artificial Intelligence and Financial Services
Swing trading is a financial strategy aimed at capitalizing on short- to medium-term gains in stock or other financial instruments over a period of a few days to several weeks. This method primarily employs technical analysis to identify potential trading opportunities, though it may occasionally incorporate fundamental analysis to bolster the tra...
03 May 2024 /inclusion /crime Artificial Intelligence and Financial Services
In the evolving landscape of financial technology, innovations in artificial intelligence (AI) have ushered in a new era for trading bots, transforming the way market operations are conducted. These sophisticated algorithms based on Technical Analysis (TA) and Fundamental Analysis (FA) are not only redefining the approach to trading but are also e...
Investing in stocks can be a rewarding endeavor, but it's crucial to understand the tax implications of making a profit or incurring a loss on your investments. This article aims to provide insights into the tax considerations associated with stock investments and how they can impact your overall tax liability. Taxation of Stock Gains When you sel...
02 May 2024 /inclusion /crime Artificial Intelligence and Financial Services
Ellen Roberson Global Marketing Advisor, Risk, Fraud & Compliance at SAS
Like nearly everyone else, anti-fraud professionals are anxious to put artificial intelligence (AI) to work – especially generative AI (GenAI). In fact, 8 in 10 (83%) of fraud fighters expect to add GenAI to their arsenals within the next two years, according to the 2024 Anti-Fraud Technology Benchmarking Report by the Association of Certified Frau...
30 April 2024 /retail /crime Artificial Intelligence and Financial Services
Iain Swaine Director EMEA, Global Advisory at BioCatch
Nearly 70% of the 600 fraud-management, anti-money laundering, and risk and compliance officials surveyed in BioCatch's first-ever AI-focused fraud and financial crime report say criminals are more adept at using artificial intelligence to commit financial crime than banks are at using the technology to stop it. Equally concerning, around half of ...
25 April 2024 /regulation /crime Artificial Intelligence and Financial Services
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