The globalization of the financial world has not only brought markets closer together but also created new opportunities for criminals. Cross-border fraud is rapidly evolving into the greatest threat to the integrity of the global financial system. According to the INTERPOL Global Financial Fraud Assessment (March 2024), fraud has reached epidemi...
30 April 2025 /ai /crime Artificial Intelligence and Financial Services
In the fast-paced world we live in today, the desire for instant gratification has created an increasing demand for real-time payments. This need puts a significant amount of pressure on all industries, particularly banking, where both consumers and merchants demand speed and immediacy. A recent report from Juniper Research reveals the sheer scale...
12 July 2023 /payments /crime Banking Strategy, Digital and Transformation
To overcome increased risks from financial crime, fraud expert teams have long been working with AI-powered solutions. Without such tools, inspecting all financial transactions for possible criminal activity would not be possible. But not all solutions are equally effective. The future of fraud prevention lies in intelligently combined multichanne...
24 May 2023 /payments /crime Artificial Intelligence and Financial Services
2021 was a year of innovations in payments, from the wider acceptance of blockchain and cryptocurrency to new forms of digital wallets and currency. However, this meant that online fraudsters were also innovating and devising new ways to scam consumers out of their money or personal information online. Here we will dive into some of the ways fraud...
03 May 2022 /payments /crime Trends in Financial Services
For years, financial institutions have been using automated monitoring procedures to make their processes for detecting money laundering and terrorist financing as effective and efficient as possible. However, many of the solutions used still leave much to be desired in terms of effectiveness and efficiency. Silo architectures, a lack of cross-dep...
29 September 2021 /regulation /crime Artificial Intelligence and Financial Services
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