FRISS building new fraud and risk management solution through Guidewire
Fraud and risk solution provider FRISS has revealed it is the developing a new add-on for fraud and risk management related to claims support.
Machine learning mostly used to fight fraud among UK financial firms
Machine learning technology is poised to be huge thing in financial services. In fact, two-thirds of UK-based firms are already using it.
Loyalty fraud incidents are on the rise
Loyalty fraud has seen a sharp rise in 2019, with the number of incidents increasing by 89% compared with last year.
Whistleblower claims Deutsche Bank took years to alert authorities about Danske Bank’s suspected money...
Despite a whistleblower flagging suspicious transactions five years ago, Deutsche Bank allegedly waited until February this year to disclose one million suspect money transfers it did for Danske Bank.
Libra co-creator gets into Twitter-spat after Stripe, Mastercard and Visa abandon the cryptocurrency project
Things are not looking stellar for Libra as several backers have pulled out of the cryptocurrency project as the regulatory pressure against it is mounting.
US SEC halts $1.7bn token offering
The US Securities and Exchange Commission (SEC) has halted the $1.7bn digital token offering in the US and overseas of Telegram Group.
American Express informs customers of internal data breach
American Express has informed a number of its customers their personal information has been breached after a fraudulent attack.
Austreme gets patent for transaction laundering detection technology
Austreme has received a patent for its transaction laundering detection technology, which helps identify transactions from unauthorized e-commerce websites.
EU’s finance commissioner promises to introduce new cryptocurrency laws in response to Libra
Facebook’s cryptocurrency may be facing more regulatory supervision as the EU’s finance commissioner has pledged to introduce new law proposals for digital money.
SmartSearch receives growth equity investment from Marlin Equity Partners
Anti-money laundering (AML) software provider SmartSearch has raised a growth equity investment from Marlin Equity Partners, the private equity firm.
