Fraud

Explore the tangible benefits of AI-driven fraud detection, from improving operational efficiency and reducing false positives to mitigating risk.

The United States Department of Justice (DOJ) has announced a 16-year prison sentence for Kayricka Wortham, the “mastermind” behind a fraud spanning nearly two years. During her time as Operations Manager for the Smyrna, Georgia-based Amazon warehouse, Wortham stole $9.4 […]

E-money institution (EMI) Payset offers diverse payment solutions, from multi-currency accounts and B2B wallets to currency exchanges and – soon – debit cards. Established in 2018, the company aims to bring financial services up to speed with modern business requirements […]

Triangulation fraud is a big concern for financial firms, yet it can be challenging to detect because, at first glance, all the actors appear legitimate. Firms can improve triangular fraud detection and prevention with smart software that utilizes artificial intelligence […]

If you’ve found this article, the chances are you’re looking for: A fraud detection tool that’s powerful, efficient, and scalable. A way to quickly tell what differentiates leading solutions. How respected third parties assess top fraud and AML vendors’ capabilities. […]

UK credit and debit card details are among the most common on the dark web. According to a report published by cybersecurity company NordVPN, the country is third only to the United States and India. After studying six underground marketplaces […]

Artificial intelligence and machine learning: Are they interchangeable? Artificial intelligence (AI) is an umbrella term referring to all the methods by which machines imitate human cognition – for instance, decision-making, data analysis, and the ability to solve problems. One of […]

Ever wished you could get your head around a vendor’s fraud detection solution in just 2 minutes? Wish no more. In this short video, Kieran Thompson, Senior Presales Consultant at ComplyAdvantage, walks you through the key reasons why leading financial […]

We know offering a market-leading Fraud Detection solution isn’t enough. Our customers rightly expect a speedy, smooth implementation process and outstanding expert service throughout their time with us. In this video, Oliver Furniss, Chief Product Officer, and Josh Sugarman, Senior […]

When asked which area of their AML compliance program they’re most focused on improving, 40 percent of firms highlighted fraud detection. But with so many vendors on the market offering a range of products, what criteria should firms use to […]

With the value of payment fraud set to soar to more than $40 billion by 2027 and with real-time payment rails and new payment formats transforming the wider ecosystem, firms need to be on top of their game to manage […]

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 […]