Blogs
Building the future of fintech.
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 […]
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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 […]
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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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How to Enhance Vendor Onboarding Process: Best Practices, Process, and Rules to Follow
Vendor onboarding is a tricky yet extremely meticulous process. Supplier relationship management is a systematic process that allows businesses and organizations to collect documentation and data to qualify, approve, and contact vendors, purchase goods or services, and make timely payments to supply partners. Vendor onboarding compliance is tough as numerous steps are involved. A vendor is […]
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What is Sanctions Screening – Its Importance for Financial Institutions?
Sanctions screening is a crucial part of the eKYC process. eKYC is when a business onboard a customer/business digitally. This process is necessary for financial institutions and other businesses looking to onboard customers globally. Using eKYC, businesses can minimize risks, prevent fraud, and meet compliance. In this blog, we’ll talk about Sanctions screening and its […]
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What is shared intelligence? How can it improve consumer trust?
Fraud prevention isn’t just about ticking off the regulatory boxes, ID fraud prevention is the most important factor for businesses today. According to a report, over 70% businesses consider identity and fraud prevention as a part of their unified business strategy. The combined cost of ID and fraud due diligence is lower than the average […]
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How to Fight ID Fraud in a World of Generative AI?
Generative AI is the buzzword of the year, apart from all the good that comes from it, it also has increased the risk of fraud. Fraudsters have been using AI tools to defraud people. Most businesses today are ill-prepared to fight GenAI ID fraud. In this blog, we’ll be talking about how to fight ID […]
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Online Financial Fraud Trends 2024 – What You Need to Know🤔
2024 has been a turbulent time for financial safety. Fraudsters are finding new and innovative ways to commit fraud. With cutting-edge technologies, fraudulent organizations are exploiting the digital financial ecosystem. Businesses that want to combat or prevent online fraud proactively must rely on sophisticated technologies. To keep your business protected, here are the fraudulent trends […]
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How does Bonus Abuse Fraud Work in iGaming and How to Prevent It?
The iGaming industry, encompassing online casinos, sports betting platforms, and poker rooms, uses a wide range of bonuses to attract and retain players. These bonuses come in various forms such as welcome bonuses, no-deposit bonuses, free spins, and loyalty rewards. What is Bonus Abuse Fraud? Every single casino out there offers these promotions as they […]
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Social Security Number Verification
A Social Security Number (SSN) is a crucial identification method in the United States. Applying for government services, taxation, and employment is almost impossible without verifying an SSN. Businesses need to verify the legitimacy of an SSN before conducting business and onboarding customers. In this blog, we will explore everything you need to know about […]
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