Crime moves upmarket as fraud becomes UK’s number 1 offence

Financial Fraud

New research from Experian claims fraud is now the UK’s most common criminal offence, much to the dismay of thugs and hoodlums everywhere, reports (Banking Technology‘s sister publication). The company’s Annual Fraud Indicator 2017 estimates the annual cost of fraud in the UK is £190 billion, exceeding the total gross domestic product of 148 […]

South Korean banks sue US electronics retailer Newegg

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Four South Korean banks, including Bank of Korea, Keb Hana Bank, Nonghyup Bank and Kookmin Bank, have filed a lawsuit against online US consumer electronics retailer, Newegg.

E-book: How Digital Lenders Can Win the Fight Against Fraud

How digital lenders can win the fight against fraud

Ready for the truth about fighting fraud? It’s not as futile as you might think. Yes, fraud is hitting digital lenders of all sizes… Pretty sizably. But recent research shows that with the right approach, it is possible to stop the bad guys and stem the losses—without slowing opportunity. Secrets of Success: How Digital Lenders […]

BioCatch to power behavioural biometrics for Samsung SDS America

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Behavioural biometrics and threat detection firm BioCatch is working with Samsung SDS America to combat fraud that occurs after a user has logged in.

Danske Bank turns to Teradata for AI-powered fraud detection

danske bank

Copenhagen-based Danske Bank has gone public on its deal with Think Big Analytics, the consulting arm of Teradata, to create and launch an artificial intelligence (AI) driven fraud detection platform. The announcement is all timed sweetly to be part of the Teradata Partners Conference 2017 (22-26 October), attended by Banking Technology and held in Anaheim, […]

E-Book: In-Memory Computing for Financial Services – Part 1

In-Memory Computing for Financial Services eBook: Part One

Turbocharge high-frequency trading, fraud prevention and real-time regulatory compliance with in-memory computing.

EastNets unveils real-time fraud detection solution

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EastNets has launched its en.SafeWatch PaymentGuard (en.SWPG) at Sibos, a real-time fraud detection solution for Swift payments. The company says en.SWPG is a new artificial intelligence (AI)-powered solution, that can sort out “genuine transactions from suspicious ones and reduces the number of false positives”. Hazem Mulhim, CEO, EastNets, says it “recognises the mounting salience of […]

Mastercard launches predictive tool to combat card fraud after data breaches


On the heels of Equifax’s massive data breach that compromised 143 million identities, Mastercard has launched Early Detection System, which alerts banks to high-risk cards and accounts that are exposed in security incidents or data breaches.

Pindrop releases “next-gen” Phoneprinting with machine-learning might


Pindrop has released Pindrop Protect 4.0, which includes its patented high-definition Phoneprinting technology that analyses more than 1,300 features of a call’s audio to detect the subtle anomalies that indicate fraud, and determine the device type, geolocation and carrier.

Overcoming board-level cybersecurity obstacles in the financial services industry

Dottie Schindlinger, Diligent

Today’s financial services institutions are challenged to keep pace with changing and covert cybersecurity threats. Since financial institutions are among some of the most appealing targets for hackers, it is critical for these organisations to remain extra vigilant about securing confidential information.