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Keeping the bad guys out

A first-party fraud epidemic?

More than one in three Americans admit to committing first-party financial fraud themselves.
Among those who don't deem first-party fraud as problematic, Gen Z is the most comfortable. 50% of the young age cohort report they would be okay with committing fraud if there are no negative consequences.

Rabab Ahsan | October 26, 2023

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Artificial Intelligence, Keeping the bad guys out

AI is impacting financial compliance, offering fresh tools for efficiency, accuracy, and fraud detection.
Discover practical strategies for integrating AI into compliance workflows, from accelerating customer due diligence to enhancing suspicious activity reporting.

Zachary Miller | July 23, 2024

Keeping the bad guys out, Member Exclusive

Clicking a selfie for financial authentication has evolved from mere vanity to an essential tool to combat fraud.
Despite having a fraud vulnerability of less than 5% and a pass rate exceeding 90%, facial authentication has drawn flak for its algorithmic inaccuracies.

Sara Khairi | December 27, 2023

Keeping the bad guys out, Partner

Bad actors are continuing to improve their technology and tactics to commit financial fraud.
FIs can use Know Your Business (KYB) compliance as a competitive advantage if they're willing to invest in business verification data.

Enigma | November 29, 2023

Banking, Keeping the bad guys out

An integral part of a bank's KYC and AML work is focused on ensuring that Politically Exposed Persons (PEPs) cannot abuse the bank’s services for their own gain. Things slip through, though.
But oversight overeagerness on the part of FIs can create issues for those associated to PEPs as well as prevent the FI from focusing on genuine detection.

Rabab Ahsan | November 28, 2023

Keeping the bad guys out

Check fraud impacted 6 out of 10 companies last year, and check fraud tactics are continuing to evolve.
Fighting check fraud requires a mix of technologies and a network approach. Q2 is working on a product that targets the full stack of complexities within the space.

Rabab Ahsan | August 29, 2023