8 Best AML Solutions Businesses Can Use in 2024

Navigating the twists and turns of global financial regulations in 2024, the demand for robust Anti-Money Laundering (AML) technology is more critical than ever. It’s no longer just about compliance; it’s about safeguarding your operations from the sophisticated tactics of financial fraud and laundering. This guide spotlights the top 8 AML solutions of 2024, with […]

What is Fraudulent Conveyance and How It Works?

Fraudulent conveyance is a term used in law to describe the illegal transfer of property or assets from one person (or entity) to another with the intent of evading debts or defrauding creditors. This deceptive action typically occurs when someone tries to shield their assets from creditors by transferring them to a family member, friend, […]

Identity Vetting – What is it, How it Works?

In today’s digital world, where online transactions, remote work, and digital services are rapidly increasing, ensuring that individuals are who they claim to be is more critical than ever. As a result, identity vetting has become a cornerstone for organizations seeking to protect sensitive information, maintain trust, and prevent fraud. In this blog, we’ll delve […]

How Spanish Banks Can Prevent Fraud by Streamlining Customer Communications?

In 2023, fraudulent attacks increased by 117%. The increased attacks led to €250 million in losses, according to data from Spanish banks. The increase in fraud attacks included ATM fraud, debit card fraud, and bank transfer fraud. To combat the added increase in fraud, Spanish banks have started sharing data. A survey from December 2023 […]

What is PSD2 Compliance? Everything You Need to Know About It

Businesses must stay compliant with all emerging regulations, not just for legal reasons, but also for keeping themselves afloat. One important regulation businesses must comply with is the PSD2 compliance, also known as the Revised Payment Services Directive. The EU enforces PSD2 and the regulation aims to improve consumer protection. The second part of the […]

How Hyper-Personalized Communications Can Prevent Scams?

Financial institutions are increasingly being required by regulators worldwide to enhance their communication with customers when a scam is suspected. While these regulatory steps are crucial in combating scams, some organizations are already going beyond the basic requirements. In this blog, we’ll discuss all the instances where hyper-personalized conversations can deter fraud. Recent Regulatory Changes […]

Top 10 Cyber Security Threats in 2024

As technology continues to evolve, so too does the potential for cybercrime. Every year, the number of cyberattacks are growing significantly. The costs of cyberattacks are growing every year, on average, it’s expected to grow to $24 trillion by the year 2027. Businesses need to understand and prepare for cybersecurity threats is more critical than […]

Supplier Onboarding Process: A Step-by-Step Guide

Supplier onboarding is collecting and verifying vendor information, and assessing vendor compliance and risk. Once all the information is vetted, businesses can include the suppliers in their supply chains. Supplier onboarding is a challenge for most businesses as they have to set up streamlined processes to build strong buyer-vendor relationships. However, the biggest challenge in […]

How to Build a Holistic Approach to Combat Gen AI Fraud?

In recent years, the rapid advancements in Generative AI (Gen AI) have revolutionized various industries, from content creation to customer service. However, as with any powerful technology, Gen AI has also been exploited for malicious purposes, giving rise to a new wave of sophisticated fraud. This blog will explore how organizations can build a holistic […]

Importance of Data Sharing & Collaboration for Financial Institutions

Data sharing is set to revolutionize collaboration in the financial sector. By breaking down barriers and fostering a connected ecosystem, it enhances risk management and uncovers new business opportunities. The power of shared data is transforming the financial industry. In this guide, we’ll talk about the importance of data sharing & collaboration for financial institutions. […]

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