Fraud is a growing problem in the banking industry, with an estimated five percent of corporate revenue lost to fraud every year. This translates to a staggering $4.7 trillion globally, and the ...

The public is being tricked into sending more and more money to fraudsters. At NetGuardians, we saw a 500 percent rise in authorized push payment (APP) fraud in Switzerland in the first half of this ...

The Swiss bank had only a narrow window in which to install a fraud-prevention solution that would detect behavior anomalies associated with a payment without generating excessive false alerts. ...

As two US senators turn up the heat on peer-to-peer (P2P) payments app Zelle for failing to stop fraud, Thierry Divenot points out that there is readily available, effective protection already used ...

We protect banks and their customers from scammers because together we can stop them in their tracks, writes Jonathan Somers. Fraud warnings are coming thick and fast from the Saudi banking ...

Incorporating artificial intelligence in fraud prevention software is proving successful at stopping fraud. But when it comes to getting the maximum benefit, it’s better for banks to buy from a ...

A new smart software to spot more fraud and cut false alerts, helping banks improve customer service and keep a lid on costs. Writes Joël Winteregg. Whether you’re a venture capital-backed neo bank ...

The only way banks will prevent phishing attacks is to use cutting-edge technology to build customer profiles so accurate that they can detect fraudsters impersonating them, writes Joël Winteregg. At ...

In 2021, in order to counter the creativity of fraudsters, Lombard Odier decided to raise their game and become even more innovative by leveraging the best of technology such as artificial ...

It’s a basic rule in data science: when precision and accuracy are required for fraud prevention, make sure you choose the algorithm appropriate to a bank’s data sets and needs. A complex algorithm ...