PYMNTS

DECEMBER 10, 2020

Video-based KYC is an effective digital technology used increasingly to confirm customers? This method allows banks and merchants to verify customers through video interviews and biometric authentication, which are checked against physical documents. Video verification is one way to ensure smooth experiences and build trust. .

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FICO

JANUARY 12, 2022

The changing global regulatory landscape and ever-shifting fraud vectors are just two of the biggest challenges facing financial institutions. I recently sat down with Sidhartha Dash, Research Director at Chartis Research, for a conversation about the technology and trends in enterprise fraud management.

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PYMNTS

SEPTEMBER 24, 2020

Technologies such as artificial intelligence (AI) and video onboarding have shown promise in facing identity fraud, but each is vulnerable when implemented on its own. Nike ’s digital sales surged in Q1, while the sportswear brand also saw an uptick in its connected fitness business. All this, Today in Data. 6.7B: Amount U.K.

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FICO

JANUARY 15, 2021

Many in the industry know that I’m a strong proponent of Fraud and Financial Crimes Convergence, so I’m often asked about just what organizations should do from a technology standpoint. Check out this video as we discuss what you need to plan and implement to be able to converge fraud and AML technology.

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PYMNTS

JANUARY 14, 2021

Numerous technological and logistical challenges have emerged as firms work to vet and verify applicants without meeting them in person, with 80 percent of companies recently reporting that they experienced candidate fraud. A large share of businesses were unprepared to hire or onboard remotely, however.

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PYMNTS

OCTOBER 8, 2020

The growing cost of online fraud – and finding ways to detect it – has long been a costly concern of financial institutions (FIs). He said banks and payment processors already have this technology on hand – they’re just not using it correctly. . If you beat the geolocation fraud, you beat all the fraud,” Briggs said.

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American Banker

APRIL 8, 2024

A new report sheds light on the lack of player protections against scams and exploitive data collection practices of video game companies.

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PYMNTS

JANUARY 15, 2021

“It’s about helping companies quickly implement some of those best practices, such as video interviewing, so they can move ahead swiftly to keep up with their goals.” . She also noted that much can be learned about candidates via video, such as their mannerisms, habits and the attitudes they will likely take into the role.

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PYMNTS

SEPTEMBER 18, 2020

We have deep dives on digital onboarding at universities, subscriptions and quick-service restaurant (QSR) friendly fraud. Players of Fortnite can now log into the video game on Apple’s sign-in system following an almost two-week prohibition. Helping QSRs Fight Food Fraud. Top News . What Innovators Can Learn from Netflix .

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PYMNTS

OCTOBER 19, 2018

They are able to use cutting-edge technology, black-market websites and top-level, nimble and well-secured global networks to work their craft. At the least, it won’t get any better — not according to any anti-fraud expert who is worth their rate. million fraud crimes in 2017, Trilli said, and $22.1 In the U.S., there were 16.7

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Gonzobanker

JULY 13, 2023

Vendors need to be able to explain their AI technology to bankers in layman’s terms “An algorithm is what software engineers call something when they don’t want to explain what they did.” — Modern Adage Every vendor these days is talking about how their software has magical “AI” algorithms in it. AI is already here in the banking sector.

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Technology Software social media Fraud 78

PYMNTS

NOVEMBER 13, 2019

Many FIs are interested in the potential of video-based KYC, through which customer-provided videos of themselves are compared against the images on their ID documents. This month’s Deep Dive explores the benefits and risks involved with the technology, as well as the strategies emerging to handle the process more securely.

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PYMNTS

JUNE 13, 2019

If it seems like cases of fraud and hacking are always in the news, that’s because new incidents pop up practically every day. According to the new Digital Fraud Tracker , total losses due to fraud equaled $4.2 According to the new Digital Fraud Tracker , total losses due to fraud equaled $4.2

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PYMNTS

OCTOBER 13, 2019

Instead, Amazon mentioned its facial recognition technology — Rekognition — and how it has been useful in identifying and locating missing children. Aside from the positive aspects of the technology, the company said it thinks facial recognition technology can be exploited and should be “under a regulatory framework.”.

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FICO

AUGUST 14, 2018

Stopping fraudsters at the front door is a priority, and layered controls are essential to stopping fraud attacks rapidly, agilely, and efficiently. Identifying fraud early requires enterprise-level vigilance and context around an individual’s behavior. Want to learn more?

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PYMNTS

NOVEMBER 11, 2019

Governments are tightening know your customer (KYC) and anti-money laundering (AML) requirements on various industries out of increasing concern over fraud threats. How Zillow Co mbats Real Estate Fraud. Deep Dive: Can Video KYC Solve FIs Remote Onboarding Woes? Around The AML/KYC World. Get the full scoop in the Tracker.

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PYMNTS

APRIL 22, 2019

Meanwhile, Spanish banking group BBVA is tapping photo- and video-based document and biometric verification measures to secure its digital onboarding. How DraftKings Keeps Fraud Out of Fantasy S ports. Keeping online identity verification secure is particularly important for BBVA, which announced that a full 38 percent of its U.S.

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PYMNTS

JUNE 15, 2017

Axis was created as an IT company in 1984, but it soon moved its eggs to the network technology basket, starting with network printers. For instance, video footage surveillance can reveal “hot” and “cold” areas of the store — that is, areas that see a lot of foot traffic versus areas that are relatively sparse and quiet.

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FICO

JULY 15, 2021

The challenge for financial institutions of fighting fraud and tackling financial crime has never been greater. As the market for global payments and financial services grows, criminals develop new strategies and technologies to make illicit gains. The new community is driven by some of the finest minds in fraud detection.

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FICO

MAY 28, 2020

It feels like we have been discussing the convergence of fraud and financial crime for at least a decade. I’ve certainly shared my views and predictions, including one of my recent blog posts Fraud and Financial Crime Product Strategy: C is for Convergence , but just in time for summer, the strategy is finally making a splash.

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Fraud Video Strategy Data 52

PYMNTS

AUGUST 12, 2016

If you plug your smartphone into a TV screen through a UBS connection, you can play a video from your phone on the monitor, although this also makes you susceptible to a little-known security risk called “video jacking,” according to Krebs on Security.

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Perficient

OCTOBER 15, 2020

Object Storage-based Data Lake – this is a recent Youtube video from Oracle demonstrating how to set up a data lake on OCI using object storage. OCI Data Catalog – this is a recent Youtube video from Oracle describing use cases for the OCI Data Catalog and how to set up OCI Data Catalog.

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FICO

DECEMBER 14, 2021

But European fraud and financial crime have continued to evolve. In the UK, Action Fraud reported several hundreds of cases of people receiving emails claiming to be from the NHS, offering them a vaccine passport, prompting them to click on a link and input their personal and financial details. Accessibility of Deep Fake Technologies.

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PYMNTS

JUNE 23, 2016

Though victims of fraud attacks may never be able to beat cybercriminals at their own game, it’s clear that knowledge is power. ” In this month’s installment of the Anatomy of a Fraud Attack series with Kount , we take a look at an increasingly favorite type of fraud among cybercriminals: carding or card testing.

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PYMNTS

AUGUST 24, 2020

This multifactor authentication strategy can be as easy as walking down the hall to meet face-to-face with the chief financial officer, yet with teams still working remote, the process has migrated to the phone or video chat. How To Retain Security. Make sure that you're always verifying requests with the person directly," Sadler advised.

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PYMNTS

AUGUST 29, 2019

Digital fraud continues to be one of the most pressing issues that marketplaces face today. Experts estimate that total fraud losses in 2018 totaled $3.9 Developments Around The Digital Fraud World. Businesses are turning to a variety of solutions to fight fraud, including leveraging blockchain technology.

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PYMNTS

JUNE 11, 2019

owning laptops and 91 percent owning mobile devices, there’s never been greater opportunity for digital fraud. Total losses due to fraud were a staggering $4.2 One of the most insidious forms of fraud is account takeovers (ATOs). Developments from around the Digital Fraud World. With 83 percent of consumers in the U.S.

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social media Fraud Analytics Study 151

FICO

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Synthetic Identities and Application Fraud. Innovative Customer Communications for Fraud. Tue, 07/02/2019 - 02:45. by TJ Horan.

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PYMNTS

AUGUST 5, 2020

While video streaming services remain popular, research indicates more consumers are also turning to online gaming and gambling platforms. The Tracker also examines how both fraudsters and online gaming platforms are employing new emerging technologies to muscle bad actors out of these services. Around The Digital Identity Ecosystem.

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Online Report Fraud Mobile 278

PYMNTS

JULY 13, 2020

Technology may have had a place in the real estate industry for some time, but its main purpose until now was in facilitating the consumer’s initial steps in the home buying process. Video technology-enabled and virtual home showings saw increased prevalence as stay-at-home orders were put in place.

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PYMNTS

DECEMBER 14, 2020

We've built Amazon Payment Services using Amazon technologies that help you monitor payment performance and offer protection against fraud,” Soudodi said in the letter. “We We also revamped API documentation to make it more intuitive and listened to feedback from the community of developers we have worked with.

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Insights on Business

MARCH 27, 2019

When Fidelity National Information Services (FIS), one of the world’s leading payment technology providers, required an effective offering to help its customers detect and prevent fraudulent P2P transactions in real time, including Zelle, it chose IBM Safer Payments. Faster payments mean faster fraud. P2P payments goes mainstream .

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Fraud Payments Video Customer Experience 93

PYMNTS

SEPTEMBER 23, 2020

When the government’s case against Google reaches a courtroom, prosecutors will focus on the multinational technology conglomerate’s power over internet searches. Report: Overcoming ID Fraud’s Technology Blind Spots. Plus, Walmart and Goldman Sachs are partnering to offer Walmart’s Marketplace sellers lines of credit.

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Google Guidelines Fraud Video 187

Abrigo

DECEMBER 8, 2021

Takeaway 2 An in-person or video conference can help FIs facilitate deeper discussions and answer questions as needed. An in-person or video conference can help financial institutions facilitate deeper discussions and answer questions as needed. Offer to schedule a one-off video conference if needed. Fraud Prevention.

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PYMNTS

MARCH 29, 2017

The platform also distinguishes if those particular breaches produced fraud and if the individual’s stolen personal information is available for sale on the dark web. We’ve built a lot of privacy-enhancing technologies that allow us to let companies share information without actually flying the data around,” Cook explained.

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PYMNTS

JULY 7, 2020

Amid the offerings for the portal: a marketing content library, featuring product flyers, presentations and sales enablement materials; co-branded creative material; and a video library that includes the latest videos that highlight customer success stories and product overviews.

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Video Tools Mobile Online 284

PYMNTS

DECEMBER 5, 2019

Right now, they’re fodder for viral videos that spur a bit of shock and a bemused “how did they do that?”. Research from cybersecurity firm Deeptrace shows there were nearly 14,700 deepfake videos online as of November of this year, compared to nearly 8,000 in December 2018. But the technology is already extremely solid.

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