Fraud

Are Behavioral Biometrics the Future of Banking Fraud Prevention?
Regulatory & Compliance Are Behavioral Biometrics the Future of Banking Fraud Prevention?

The rapid growth of digital banking, alongside increasing incidents of account takeover (ATO) fraud, has propelled banks to seek more advanced security measures. Traditional biometric systems, such as facial and fingerprint recognition, have been a popular choice, but they come with inherent

Can Generative AI Transform How We Combat Financial Fraud?
Regulatory & Compliance Can Generative AI Transform How We Combat Financial Fraud?

The financial industry is at the cusp of a significant transformation, driven by Generative AI (GenAI), which is rapidly becoming a crucial tool in the fight against modern financial frauds and crimes. The article by Ellen Roberson delves into the innovative applications of GenAI, highlighting

Is Bank Overreach Undermining Customer Trust in Security Measures?
Regulatory & Compliance Is Bank Overreach Undermining Customer Trust in Security Measures?

In today's digital age, banks are intensifying their security measures to prevent fraud and safeguard customer funds. However, this sometimes leads to instances where security protocols clash with customer convenience and privacy. One such incident involving British banking giant Starling Bank

UK Banks Face Compliance Woes with New Fraud Reimbursement Rules
Regulatory & Compliance UK Banks Face Compliance Woes with New Fraud Reimbursement Rules

The United Kingdom's banking and financial services industry is currently grappling with a significant challenge. The recent introduction of new fraud reimbursement rules by the Payment Systems Regulator (PSR) has placed immense pressure on banks, FinTech companies, and payment service

How Can Financial Regulators Balance AI's Benefits and Risks?
Regulatory & Compliance How Can Financial Regulators Balance AI's Benefits and Risks?

The integration of Artificial Intelligence (AI) into the financial sector promises transformative benefits but also presents significant challenges for regulators. Financial institutions worldwide are increasingly adopting AI to enhance efficiency, streamline processes, and improve risk management.

AI Revolutionizes Mobile Banking with Enhanced Security and Personalization
Regulatory & Compliance AI Revolutionizes Mobile Banking with Enhanced Security and Personalization

Mobile banking has undergone a significant transformation with the integration of artificial intelligence (AI). This evolution has not only enhanced security but has also paved the way for highly personalized customer experiences. As technology continues to advance, AI's role in mobile banking

Loading

Subscribe to our weekly news digest.

Join now and become a part of our fast-growing community.

Invalid Email Address
Thanks for Subscribing!
We'll be sending you our best soon!
Something went wrong, please try again later