Tag: Fraud

Over 90% of European FinTech companies plan to adopt AI-enabled risk decisioning to combat fraud, according to a study by risk decisioning software developer Provenir.

NICE Actimize has launched its X-Sight Entity Risk SaaS solution, which produces a single risk score that enables a financial institution to get a deeper understanding of clients.

The value of digital advertising spend lost to fraud is expected to reach $68bn globally this year, a report from Juniper Research claims.

The US Securities and Exchange Commission (SEC) has charged James Velissaris, the former founder and chief investment officer of Infinity Q Capital Management, with overvaluing assets by more than $1bn while pocketing tens of millions of dollars in fees.

Small and midsize business (SMB) lending fraud has increased by 6.9% in the US since 2020, according to a new report from LexisNexis Risk Solutions.

When monitoring transactions, the huge amount of data being directed at companies can sometimes become too much. With such a high level of data coming at these businesses, this can lead the data to become tangled and hard to break down in a more simple, readable way.

Two-thirds of UK adults expect their bank to pay the bill in its entirety if they were the victim of fraud, regardless of the amount lost, a report from Akamai Technologies has found.

Experian has warned consumers and businesses to be cautious this Black Friday and Christmas as a surge in fraudulent activity is expected. Its research found...

Buy now, pay later (BNPL) transactions have increased by 182% in 12 months, but as Black Friday looms, LexisNexis Risk Solutions has warned the risk of fraud is high.

A recent whitepaper by KYC and AML software providers Themis and Encompass Corporation has found financial services’ companies worldwide lost over £1m due to financial crime deficiencies last year.