567 Results from /crime
Steve Carpenter Chief Operating Officer of North America at Creditsafe
Fraudsters are more creative than ever, and businesses are paying the price. With 41% of companies facing 7 or more fraud cases in just the first eight months of 2024 alone, the question isn't if your organization will be targeted—it's when. Yet, despite this growing threat, many organizations remain unprepared, relying on outdated or insufficient...
14 May 2025 /security /crime
Jonathan Hancock Head of Product & Innovation at The ai Corporation
With a powerful growth engine, today's digital marketplace presents acquirers with the critical challenge of managing high-risk merchants. Success in this arena hinges on a dynamic and adaptable strategy, balancing opportunity with security. The definition of "high-risk" is fluid, constantly reshaped by technological advancements and shi...
13 May 2025 /payments /crime The Payments Business
Kathiravan Rajendran Associate Director of Marketing Operations at Macro Global
The regulatory landscape for financial institutions continues to evolve with increasing speed and complexity. Navigating the FCA's latest directives and aligning with global initiatives like the Common Reporting Standard (CRS) are just two examples of how compliance today demands far more than simply checking boxes. It calls for a fundamental reth...
08 May 2025 /regulation /crime Banking Regulations
Alex Ford President, North America and Chief Revenue Officer at Encompass | RegTech Association | Women in RegTech
Operational leaders face a stark reality: the onboarding experience has become a make-or-break moment not just for clients but also for the bank itself. Despite significant investment in transformation, many banks continue to struggle with outdated, manual Know Your Customer (KYC) processes that are fundamentally unfit for purpose. The result? Dela...
07 May 2025 /identity /crime
Helena Wood Director of Public Policy and Strategic Engagement at Cifas
Cifas’ annual Fraud Behaviours Survey – research into public attitudes to committing fraud – is a useful bellwether into society’s attitudes to lying for financial gain. Year-on-year our fraud behaviours work has demonstrated a growing normalisation of fraud by the UK public and the findings in the latest survey are no exception. Nearly half (48%) ...
07 May 2025 /regulation /crime
Roy Prayikulam SVP Risk & Fraud Division at INFORM GmbH
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
Alexander Boehm Chief Executive Officer at PayRate42
The neobank revolution promised speed, simplicity, and freedom — but it also brought new responsibilities. When it comes to illegal gambling transactions, the stakes couldn’t be higher. Regulators Are Watching — Closely Across Europe, gambling is strictly controlled. Payments to unlicensed operators aren't just risky — they’re illegal. Regulators e...
29 April 2025 /crime
Dmitriy Wolkenstein CEO at TIMVERO
Digital lenders must scale trust as fast as fraud is scaling. The platforms that survive will design adaptive, ethical, and AI-enhanced security—not as friction, but as fluid, invisible strength. Fraud Prevention in Digital Lending: AI vs. Cybercriminals In 2024, 42.5% of all fraud attempts in the financial services sector were AI-generated, a...
21 April 2025 /ai /crime Artificial Intelligence and Financial Services
Paul Weathersby Chief Product Officer, Identity & Fraud at Experian
We recently shared some insights highlighting a critical issue for the financial services industry: as UK consumers increasingly rely on digital platforms, synthetic fraud is on the rise. Our latest data has shown a staggering 60% increase in synthetic identity fraud cases in 2024 compared to the previous year, with these cases now constituting ne...
15 April 2025 /identity /crime
Nick Green Director at Purple Patch Broking Ltd
Lenders have traditionally turned to credit bureau data to assess affordability and risk—but that reliance is starting to change. AI-powered models are now delivering real-time, predictive insights that offer far more than static bureau scores. And with alternative data sources gaining traction, credit providers are under pressure to reassess how ...
10 April 2025 /retail /crime Banking
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