Blogs

Building the future of fintech.

The Definitive Guide to Customer Re-Verification

In an era marked by increasing concerns about identity theft, fraud, and regulatory compliance, customer re-verification is becoming incredibly significant. Over time, reverification has become a key aspect of customer KYC and KYB practices. It helps businesses and customers maintain ongoing trust and security in business relationships. While re-verification is essential, it also poses multiple […]


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re-verification

Real-Time Payment Fraud

In today’s fast-paced digital world, traditional payment methods are gradually being replaced by real-time payment systems, offering unprecedented speed and convenience. However, with the rise of real-time payments comes the increased risk of fraudulent activities. Understanding the dynamics of real-time payments and the intricacies of real-time fraud is essential for businesses and consumers alike. Introduction […]


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real-time payments fraud

The Rising Threat of Deepfakes: 8 Ways It Can Impact the Fintech Industry

Technological innovation has always been a double-edged sword. While it brings about immense progress and convenience, it also introduces new avenues for exploitation and fraud.  One similar threat is deepfake technology. Not just FinTech, but it has the potential potential to wreak havoc in several industries if left unchecked.  In this article, we’ll explore eight […]


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deepfake ai fraud

Simple Ways You Can Prevent Gift Card Fraud in 2024

In an era where convenience comes hand-in-hand with security risks, businesses and consumers have to be vigilant. One such risk is gift card fraud, and it has become a massive concern for businesses and consumers alike. Digital transactions are on the rise, and cybercriminals are becoming more and more sophisticated. This is why it’s more […]


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gift card fraud prevention

Embedded Finance is Changing Banking for Firms and Customers

Embedded finance is streamlining banking and digital payments for consumers who need secure digital banking services. At the same time, it is facilitating growth and innovation for new brands and launching new products and services with ease. Almost a decade ago, challenger banks and neobanks gave birth to the FinTech revolution. As technology evolved, the […]


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embedded finance

How to Use Machine Learning in Financial Fraud Detection?

Financial fraud is a pervasive challenge in today’s interconnected and digital world. As technology advances, so do the techniques employed by fraudsters. Traditional methods of fraud detection are often insufficient to keep up with the evolving tactics of malicious actors. This is where machine learning (ML) plays a crucial role, offering a proactive and adaptive […]


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machine learning for financial fraud detection

Understanding Digital Wallet Fraud

In an era dominated by technology, digital wallets have emerged as a convenient and efficient means of managing finances. With the ability to make seamless transactions, pay bills, and even store identification documents, digital wallets have become an integral part of our daily lives. However, with great convenience comes great responsibility, as the rise of […]


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digital wallet fraud

Contactless Payment Scams

Contactless payments through cards are hugely popular within the UK – in fact, they’ve now overtaken chip and pin payments. Contactless payments increased by 30% between June 2017 and June 2018 – and 52% of all shop payments were contactless in July 2018. Overall, there were 7.4bn contactless payments in 2018. Around 7 in 10 […]


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Contactless Payment Fraud

Data Validation for Retailers

In the fast-paced world of retail, accurate and reliable data is the cornerstone of success. Retailers deal with vast amounts of information, from inventory management to customer details and marketing analytics. Ensuring the integrity of this data is critical for making informed decisions and providing a seamless customer experience. This is where data validation comes […]


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Data Validation for Retailers

What is Third Party Risk Management?

Third-party risk management (TPRM) is a type of risk management program that focuses on identifying and reducing risks that come with the use of third parties. Third parties that open businesses to risk are vendors, suppliers, partners, contractors, or service providers. The risk management program aims to give organizations an understanding of the third parties […]


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third-party risk management best practices