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On November 21st, a security alert from NCR was issued describing a new form of Transaction Reversal Fraud (TRF) occurring in the UK, typically between 10 PM and midnight on any given day. Contrary t...
While the use of Blockchain may provide transformative advantages over other technologies in some cases, they are not a panacea and do not magically solve every problem. Many publications, reports, an...
The eCommerce industry is continuing its rapid growth and the lines between physical and digital shopping are becoming increasingly blurred. This change in the way consumers conduct purchases is crea...
The finance world may still have concerns after it was revealed that British Airways (BA) was victim to a two-week long hack that resulted in 380,000 payments being compromised in August. And while ev...
I continue to be surprised by the lack of analysis and focus on operational efficiency when it comes to understanding all aspects of fraud prevention. Organisations spend a lot of time on improvements...
How to select the correct operational option to help your organisation beat fraud By Dr. Mark Goldspink is CEO of The ai Corporation I continue to be surprised by the lack of analysis and focus on op...
Introduction How many of you think that e-commerce is come of age? A friend of mine was telling me how she finds browsing through 80,000 dresses online to find that one perfect dress for a date the mo...
Cybercrime continues to be an unending botheration for banks. While the focus of attempts and attacks until recently, tended to be on the banks’ customers (via card and account detail compromises), of...
The wave of payments fraud that continues to sweep the globe shows no signs of receding, leaving the financial services community anxiously in search of reliable ways to stay one step ahead. Just as p...
KYC is essential for two key reasons; the first is to ensure financial institutions are not enabling criminal activities and secondly to optimise important client relationships. It is now mandatory fo...
European leaders have long identified that the future of the financial services lies in the co-existence of the conventional banks with emerging fintech. However, to reach to that stage, security of t...
The final PSD2 draft regulatory technical standards (RTS) issued by the European Banking Authority last week clearly set out the very limited circumstances in which risk-based assessments may be used ...