What is Facial Recognition?

With most of the services going online and you as a user having to prove your identity at every step, identity verification solutions have become a crucial part of the process. The sensitive nature of today’s transactions requires sophisticated identity verification methods. In this guide, we’ll break down facial recognition, what is it, and how […]

How Bitcoin is Used for Money Laundering?

Bitcoin, the world’s first decentralized digital currency, has gained immense popularity since its inception in 2009. Initially hailed as a revolutionary alternative to traditional currencies, Bitcoin’s anonymity and decentralized nature have also made it an attractive tool for illicit activities, including money laundering. Introduction to Bitcoin Bitcoin operates on a peer-to-peer network, utilizing blockchain technology […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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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