Stax

MARCH 4, 2024

Multi-factor authentication (MFA) adds additional layers of security by requiring additional verification during the transaction process. You can determine if a customer’s payment is secured by using a reputable payment gateway that provides real-time notifications and security assessments for each transaction.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

PYMNTS

OCTOBER 1, 2019

Mobile device attributes for verification took the lead (44 percent), followed by artificial intelligence (42 percent) and machine learning (41 percent). AI and ML play key roles in assessing risk, as they can analyze thousands of transactions in a fraction of the time that it takes a human analyst.

Data Breach 57

Data Breach Breach Account Takeovers Fraud Prevention 57

FICO

JUNE 20, 2019

The ‘want it now’ culture of today’s consumer means that the technologies we all love to use for their convenience make it easier for fraudsters to do what they do, e.g., bots designed to test login credentials or to generate customer orders using stolen or synthetic identities. An increasing amount of data breaches across all industries.

Account Takeovers 45

Account Takeovers Verification Data Breach Bots 45

PYMNTS

APRIL 22, 2020

There has been greater interest among FIs for tools that can provide the same level of service and satisfaction regardless of channel, with 88 percent of banks’ fraud executives stating that key use cases for risk assessment tools are ones that improve onboarding experiences.

Security 53

Security Online and Mobile Banking Authentication Account Takeovers 53

FICO

JUNE 20, 2019

The ‘want it now’ culture of today’s consumer means that the technologies we all love to use for their convenience make it easier for fraudsters to do what they do, e.g., bots designed to test login credentials or to generate customer orders using stolen or synthetic identities. An increasing amount of data breaches across all industries.

Account Takeovers 40

Account Takeovers Verification Data Breach Bots 40

FICO

JUNE 20, 2019

The ‘want it now’ culture of today’s consumer means that the technologies we all love to use for their convenience make it easier for fraudsters to do what they do, e.g., bots designed to test login credentials or to generate customer orders using stolen or synthetic identities. An increasing amount of data breaches across all industries.

Account Takeovers 40

Account Takeovers Verification Data Breach Bots 40

FICO

MARCH 6, 2020

The individual business risk assessment plays an important role and lays the foundation for any institution’s AML/ CTF program, including the IT-based monitoring strategy and software settings. Our KYC solution supports real-time customer risk classification including UBO and PEP identification.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

Nanonets

MAY 31, 2023

Deviations should be assessed to see if they fall within tolerance limits to proceed with invoice processing or revert the invoice to the vendor for corrections. The software allows users to create ‘bots’ that mimic human actions. Any exceptions too are detected and flagged for manual verification.

Automation 52

Automation Audit Process Checks 52

FICO

JANUARY 10, 2023

Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots. Despite the launch of industry initiatives in the USA such as the Electronic Consent Based Verification Service (eCBSV), it seems that this problem has not diminished. The Rise of the Bots. These included: 1. Synthetic Identities and Application Fraud.

Scams 52

Scams Posting Push-to-Card Compromise 52

FICO

JANUARY 19, 2022

By using bots to create digital art and ascribing them to a fake identity that hides behind a nickname, you can achieve nearly peak anonymity. They can implement well thought-out customer journeys that include robust identity proofing and verification during customer account onboarding, especially through digital channels.

Financial Crimes 52

Financial Crimes Crime Money Laundering NFTs 52

Nanonets

MAY 10, 2023

1999) Also, the bot warned us that these are only some examples and the list is not exhaustive. Nevertheless, it was interesting to learn, for example, about Algorithmic Justice, a field of research about the possibility of applying algorithms to criminal justice (risk assessment tools). #5. However, document verification is required.

Legal 52

Legal Laws Procedures AI 52

CB Insights

SEPTEMBER 10, 2018

What therapy bots can and can’t do. For instance, SkinVision uses the smartphone’s camera to monitor skin lesions and assess skin cancer risk. The challenge has been finding ways to assess healthcare quality with quantifiable, data-driven metrics. What therapy bots can and can’t do. AI needs doctors.

AI 28

AI Bots Research Risk 28

CB Insights

JUNE 4, 2019

Kering, which hopes to cut its environmental impact by 40% over the next 6 years, will use Savory’s Ecological Outcome Verification (EOV) methodology in its supply chains for leather, wool, and cashmere. It could also minimize concerns around labor conditions in offshore manufacturing facilities. Source: McKinsey .

Automation 78

Automation Economy Product Blockchain 78

Fintech Labs Insights

AUGUST 16, 2016

Exeria’s Algorithmic Robot Platform uses drag-and-drop bot building and automatic visualization to simplify investing for both B2C and B2B applications. OCR Labs combats risk and fraud for banking, financial, insurance, telco and government through its OCR, FR and verification technology.

Payment APIs and Integration 14

Payment APIs and Integration Online and Mobile Banking API Database 14

CB Insights

JUNE 17, 2020

Going forward, end-to-end encryption, identity verification, and enhanced permissions controls are just some of the security features that tech companies are likely to prioritize in their conferencing tools. The company has responded by halting development of new features and is reportedly working on fixing these issues.

Posting 101

Posting Technology Online and Mobile Banking On-Demand 101

CB Insights

FEBRUARY 27, 2018

RFID for verification, automation, & online integration. One Amazon project, led by Israel-based researchers, would use machine learning to assess whether an item is “stylish” or not. RFID FOR VERIFICATION, AUTOMATION & online integration. Rapid iteration & production. Streamlining the supply chain.

AI 78

AI On-Demand Blockchain Automation 78