Why digital identity is the future of fraud prevention
Traditional document-based identity verification is rapidly losing the battle against AI-powered fraud. Solutions built on document capture and liveness checks, the backbone of most...
How AI is reshaping fraud prevention for regulated firms
Regulated businesses are facing an escalating challenge: fraud tactics have grown considerably more sophisticated, and conventional detection methods are struggling to keep pace.
According to...
Lloyds targets shopping fraud with new AI tool
Lloyds is set to roll out a new AI-powered tool called Scam Check, designed to protect customers from falling victim to online shopping fraud...
DNB picks NICE Actimize to overhaul fraud defences
DNB Bank ASA, Norway's largest financial services group, has selected the NICE Actimize X-Sight Enterprise platform, an AI-powered cloud solution for fraud and financial...
Why synthetic fraud is now a systemic risk for banks
Mitek Systems has published new research in partnership with Datos Insights warning that synthetic identity fraud is rapidly evolving into one of the most...
Five legal myths blocking banks from sharing crime data
Every week, billions of euros flow through European financial institutions in the hands of money launderers, fraudsters, and organised criminal networks.
According to Salv,...
Why financial crime stacks must connect detection to decisioning
For many years financial institutions have invested heavily in tools that detect suspicious activity. However, detection is only one part of the equation, and...
AI agents pose growing fraud threat to UK banks
BioCatch, a fraud prevention and financial crime detection firm that uses behavioural biometric intelligence, has published new research revealing that UK banks are increasingly...
Feedzai opens fraud network to banks of all sizes
Feedzai, an AI-native financial crime prevention platform, has launched Feedzai IQ Score, a network-derived fraud risk scoring tool designed to give banks of every...
Has the traditional financial crime model reached its limit?
The traditional financial crime operating model was built for a different era. For decades, financial institutions have relied on separate functions, technologies and processes...