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AI fraud challenges: How to guard against losses

Abrigo

Here are several suggestions for tightening security. Get more tips for managing the AML program from this webinar: "Conquering BSA challenges: Best practices for managing a successful AML program" DOWNLOAD Takeaway 1 AI can enhance our efficiency, but financial institutions must be on guard against AI fraud.

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Customer Identity Management Is NOT the Same as Access Control

FICO

Customer identity management is a term that is subject to a number of definitions. The goal of CIM is to meet regulatory rules and legislation, prevent fraud and financial crime, and manage riskā€”all while making it simple for customers to transact. Customer identity management operates today in an unpredictable environment.

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Enterprise Security Returns To Top Of B2B Investment Mountain

PYMNTS

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Cequence Security. Also operating in the enterprise security space is Cequence Security, based in California.

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Deep Dive: How FIs Can Upgrade Authentication Measures To Foil Fraudsters? Open Banking Attacks

PYMNTS

Open banking may soon become table stakes for financial institutions (FIs) ā€” they need to act now and be able to offer it securely or risk getting left behind. Many customers want access to convenient, digital financial solutions from FinTechs that are using open banking integrations to provide robust services.

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Newly Funded B2B Startups Get Creative With Enterprise Data

PYMNTS

They include Internet of Things (IoT)-connected manufacturing machines, cross-platform financial data analysis, predictive analytics for inventory management and more. In addition to launching its cash automation solution, Trovata secured an undisclosed amount of Seed funding from partner JPMorgan Chase, a press release said this week.

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Data privacy: How to keep customer data safe

Independent Banker

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customersā€™ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

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NEW REPORT: Mueller Indictments Prompt Renewed Look At Social Security Numbers

PYMNTS

In the digital identity space, biometrics have become all the rage. These solutions could shift the way national security agencies in several countries operate, or force employers to change how they authenticate and identify their employees. Social Security number as an identifier. News From the Digital ID Space.

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