Protection against fraudsters isn’t just for banks or payment operators; any organisation that needs to verify customer identities, handle transactions – essentially prove someone is who they say they are…

What are False Positives? A false positive is when a legitimate transaction is flagged as suspicious, shutting down the payment or locking an account down completely, in other words, a…

A fraud risk management model is a framework outlining all processes related to how fraud can be identified, assessed, mitigated, monitored, and reported to senior management. An efficient Fraud Risk…

According to The Open Banking Implementation Entity ‘Open Banking is the secure way to give providers access to your financial information’8. Although Open banking creates new ways to new products…

Fraud has quickly become a multi-billion dollar problem for the banking and finance industry. A report by The Association of Certified Fraud Examiners (ACFE, 2018) found that organizations lose approximately…

▪ Fraud or dishonesty ▪ Misconduct in, or misuse of information relating to, a financial market ▪ Handling the proceeds of crime ▪ The financing of terrorism The Association of…

As more consumers are turning to digital methods of managing their finances, there is also a greater risk of becoming a victim of fraud. In 2018 there were three million…

Technology has changed the way people bank for the better. Banking is more convenient now than ever, to the point that most people do not even need to walk into…

Banking has gone digital. In 2019, financial institutions are leveraging technology more than ever to provide the type of customer experience being demanded by today’s consumer market. The financial services…

Society is becoming more digital by the day, this is especially true when it comes to how we manage our finances and engage in transactions for goods and services. Fintech…