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U.S. Bank: Machine Learning Is Banks’ Best Bet Against Fraud

PYMNTS

Banks lost about $4 billion to account takeover (ATO) fraud attempts last year and fraudsters have been reluctant to abandon the scheme as this year progresses. Fraudsters made off with account numbers and other personal details, which could later be used for different synthetic identity fraud or related schemes. digital bank Monzo.

Fraud 196
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Blockchain Tracker: Banks’ Experimentation With Blockchain Tech

PYMNTS

In the midst of today’s retail revolution, blockchain technology is being pushed up to the surface. E-Commerce’s increasing popularity over the last decade is likely the driver of blockchain technology implementation. Committing identity fraud is typically at the core of data-stealing schemes in an attempt to steal money.

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Finovate Alumni News

Fintech Labs Insights

FinDEVr Alum Symbiont Scores Funding from China’s Hundsun Technologies. Kontomatik earns top 50 spot in the 2017 Dutch FinTech Awards. Daon to integrate IdentityX platform with Experian’s fraud and identity platform, CrossCore. On FinDEVr.com. Around the web.