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 ...

The rise in digital banking across Asia Pacific must be supported by viable business models that include a comprehensive risk and fraud management strategy that leverages the latest technology, ...

Our software helps banks and telcos detect fraudulent activity related to mobile wallets and ATMs, and has even helped catch the fraudsters red-handed, writes Bernard Rono Mobile wallet fraud is ...

By analyzing the behavior of staff, customer and the transaction itself, banks can spot and stop not only known fraud types but also new frauds, writes Joël Winteregg It takes on average 16 months to ...

As fraudsters increasingly use fake websites, emails, invoices and companies to defraud the public, banks should look at the record of AI to help them protect themselves and their customers, writes ...

In our new white paper on payment fraud, we explore the fastest-growing area of banking fraud today and explain NetGuardians’ technology-led approach to combating this widespread threat. payment ...

Banks are increasingly turning to specialist FinTechs to deal with fraud for three solid reasons: they understand the problems better than generic it companies, they fix problems faster - in a ...

Internal fraud casts a long shadow over banks across Africa. With the Covid-19 crisis and home office policies, the situation will not get any better. NetGuardians’ fraud-mitigation software allows ...