49 Results from 2020, /crime
Jesse Chenard CEO at MonetaGo
As Brexit’s final transition date edges closer, Britain’s businesses have warned that they are running out of time to make preparations for trade, should a no-deal be reached. At the same time, the government has warned that there will be a huge amount of red tape for businesses to contend with, whatever deal is struck. Put these factors of unce
26 October 2020 /startups /crime Financial Risk Management
Keith Stanton International Product Manager (Fraud & Risk) at FIS
As I outlined in my previous blog (click here to view), we have seen a rapid movement to card channel payments as cash usage has declined during the pandemic. In the UK, as early as April this year cash withdrawals had declined by 60% (according to the UK Government) - mainly due to a combination of people staying indoors and being unable to use ...
25 October 2020 /crime /covid-19 Financial Risk Management
2020 has been a challenging for many reasons – the global situation has changed the face many industries – perhaps forever. For many years, the payments industry has spoken about the replacement of cash as a means of payment. Indeed, the National Audit Office in the UK states that only 3 in every 10 transactions are now cash and had projected that...
23 October 2020 /crime /covid-19 Financial Transformation
Amita Choudhary Marketing Manager at Princeton Growth Accelerator
There’s been a lot of talk about the link between technology and the financial sector over the last couple of decades, and the synergy between the two is very obvious at this point. However, technology didn’t just make things easier – it also introduced some new problems. Thankfully, it’s also shaping up as the main answer to the big questions loo...
17 October 2020 /crime Financial Risk Management
Kevin Day CEO at HPD Software
In the current period of economic uncertainty, increasing pressure on businesses is making fraudulent activity an ever-present risk for lenders – a trend not only troubling for the affected company or companies, but also for the wider economy. In particular, corporate fraud has the potential to dissuade banks from lending - a dangerous outcome dur...
13 October 2020 /crime /covid-19 Banking Strategy, Digital and Transformation
Adam Krug CLM Ambassador at Pegasystems
How a Unified Case Management System Can Improve AML Practices In September this year, the ‘FinCEN Files’ – thousands of documents detailing $2 trillion (£1.55tn) of potentially corrupt transactions that were overlooked by the US financial system – were leaked. The data revealed how some of the world's biggest banks have permitted criminals to ...
13 October 2020 /regulation /crime
Retired Member
As technology constantly evolves, becomes simpler and more cost effective, it is also simultaneously becoming more accessible to fraudsters. This means we’re seeing a surge in fraud cases. The latest tactic these bad actors are turning to is synthetic identity fraud. In the US, it’s already the fastest growing type of financial crime according to ...
29 September 2020 /identity /crime Digital Identity Management
“How can we reduce false positives?” is the million-dollar question facing the banking industry. Costly and potentially harmful from a customer service perspective when a legitimate account is frozen unnecessarily, the silver bullet is yet to be found. But this problem lies in the very nature of fraud detection engines used during the KYC process –...
11 September 2020 /regulation /crime Financial Risk Management
Miloslav Hoschek Freelancer at e-Silk Road, NGO
The spectral technologies in mid of 2030s such as THz communication, molecular communication and quantum communication will dramatically improve the data rate. The blockchain will become an important part of a 6G society using smart devices of all of multimedia data, The 6G new paradigm in the sustainable future will shift intelligent materials. Cy...
11 September 2020 /sustainable /crime Payments strategies 2015-2020-2030
Riten Gohil Director & Co-Founder at Sphonic
The importance of Regtech to navigate through the haze of regulation, criminality and bad shopping choices in the Covid era. Living with the new-norm You’re on Mute! Clearly the phrase of the summer as millions of us descend to the dining tables, garden rooms, loft, home office or whatever space you can find amidst the fun and games of kids taki...
10 September 2020 /identity /crime Fintech
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.