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 ...

NetGuardians overcomes the problems of analyzing billions of pieces of data in real time with a unique combination of technologies to offer unbeatable fraud detection and efficient transaction ...

Software that focuses on transactions rather than staff behavior to spot and stop internal fraud avoids the problem of personalizing fraud risk, which can demotivate staff and put off new recruits. ...

Jérôme Kehrli explains 3D AI and the three pillars of supervised, unsupervised and ADAPTIVE learning that lie behind the award-winning software’s market-beating performance when it comes to defeating ...

Banks that educate their customers about fraud and use AI-driven software will build loyalty and value, write Navinesh Chand, Arif Hussain and Shabana Muhajir We’ve known for a while that fraudsters ...

Only smart, AI-driven software that monitors transactions in real time can hope to deliver the level of protection required to stop fraudsters exploiting the opportunity instant payments afford them, ...

When NetGuardians recently brought together some of Europe’s top fraud specialists from major banks and organizations, the resulting discussion was open, frank, and insightful Covid-19 has changed ...

There are no precise numbers available but estimates for global financial sector fraud in all its manifestations might, many believe, run into the trillions of dollars when factoring in internal ...

Banks running fraud-prevention software that incorporates collective artificial intelligence can cut fraud monitoring costs by 77 percent, helping them meet new regulations efficiently and ...

Banks will no longer be able to self-assess their SWIFT controls although they can use an independent internal third party. Far better would be to seize the opportunity by working with an external ...