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How we use AI to fight financial crime

Knowledge & training

Perpetual KYC, or pKYC, is a best practice for approaching the know-your-customer (KYC) process. It’s seen by many innovative financial institutions and regulatory technology (regtech) providers as the answer to an increasingly complicated compliance landscape and high expectations from regulators.  […]

First-party fraud (FPF) is a type of fraudulent activity where an entity deliberately engages in deceptive practices or provides false information to defraud a company or organization from within. A unifying factor behind various types of first-party fraud is that […]

Credit card fraud is one of the most common types of identity fraud. Its prevalence rose significantly during the coronavirus pandemic, with fraudulent credit card applications up 17 percent in the first month of the pandemic alone. And this has […]

When financial institutions exchange payments, they must also exchange essential data associated with them – for example, the payment amount, currency, sender and receiver, intermediary institution details, and other important information. This information needs to be structured to be usable […]

Over the past two decades, economic downturns – most notably the Great Recession from 2007-9 – have foreshadowed a rise in financial crime. Against this backdrop, the threat of synthetic identity fraud has become a growing issue, with Forbes projecting […]