Tag: fraud detection

NICE Actimize revolutionizes financial crime fighting with new generative AI solutions

NICE Actimize, a leading provider of financial crime, risk, and compliance solutions, has unveiled a new suite of generative AI-based innovations.

Tookitaki rebrands AML suite to FinCense

Tookitaki serves leading financial institutions in Asia, the Middle East, Africa, and the Americas, offering a robust defence against financial crime.

The rise of money mules in UK fraud: Prevention and detection

Fraud in the UK has become a significant concern, with 40% of crimes being fraudulent. Money muling is at the forefront, where fraudsters utilise synthetic or real mule accounts for financial gain. The UK government, recognizing the seriousness, plans to publish an action plan to combat this issue. 

NLPs and LLMs have risen to the top of AI use...

In a recent survey conducted by Nvidia it is clear the adoption of AI in the financial services sector is rapidly gaining momentum. From...

Revolutionising conveyancing: AI-driven efficiency and compliance

Conveyancing, the legal transfer of property or land ownership, is a critical and complex process handled by licensed conveyancers. They manage everything from initial...

Experian’s data network aims to help US automotive lenders fight fraud

Experian, a global information services company, has introduced the Hunter Automotive Fraud Alliance, a collaborative data network aimed at assisting automotive lenders in the United States.

Fingerprint secures $33m in Series C, paving the way for advanced...

Fingerprint, the globally renowned device intelligence platform, has successfully procured $33m in a Series C funding round. The venture was spearheaded by Nexus Venture Partners and witnessed participation from Uncorrelated Ventures.

Medius partners with Caatalyst: A leap into AP audit profit recovery

Medius, a forerunner in AP Automation and comprehensive Spend Management solutions, has recently embarked on a strategic alliance with Caatalyst, a global recovery audit powerhouse. This collaboration denotes Medius's maiden voyage into the realm of AP Audit Profit Recovery.

How explainability is reshaping fraud detection in the financial sector

AI and ML models have become an essential part of the FinTech sector, predicting outcomes and making decisions, especially in fraud.

Effectiv, the real-time fraud combatant, secures $4.5m in seed funding

Effectiv, a real-time fraud and risk management platform servicing financial institutions and FinTech companies, has announced a fresh round of funding.

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