Fintech News
MARCH 20, 2024
This tool is designed to help businesses tackle fraud rings, account takeovers, chargeback fraud, and bot attacks. Sumsub, a global verification provider, is addressing the sharp increase in fraud networks in the Asia-Pacific (APAC) region with its enhanced Fraud Prevention Solution. said Vyacheslav Zholudev, CTO and co-founder of Sumsub.
VISTA InfoSec
JULY 31, 2023
Ensure Comprehensive Protection : Ensure that antiviruses can detect, remove, and protect against all malware types, including viruses, worms, Trojans, bots, and ransomware. Established Risk Assessment Processes : The organization must have established risk assessment processes in place to identify and mitigate security risks.
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Nanonets
SEPTEMBER 27, 2024
Traditional (manual) underwriting processes often struggle to keep pace with the growing complexity of modern risk assessment, data collection, and policy management. These include customer applications, financial records, medical reports, and external risk assessments such as geographic or weather-related data.
Finovate
SEPTEMBER 23, 2024
Agentic AI customer service bots will also be proactive, and will be able to anticipate customer needs based on real-time data and past behaviors. Real-time risk assessment To reduce operational risks, Agentic AI can autonomously assess the organization and market in real time.
PYMNTS
AUGUST 19, 2019
Chipotle attributed the April attack to credential stuffing, in which a hacker uses a bot to automatically enter usernames and passwords stolen from other websites to try to find matches. Chipotle has been using artificial intelligence (AI) and machine learning (ML) for risk assessment with human assistance when necessary.
Nanonets
AUGUST 1, 2023
This technology proves invaluable in detecting potential instances of fraud or non-compliance within the organization, providing deeper insights into business operations, and enabling data-driven decisions to strengthen risk management and compliance measures. Another key advantage of automation of internal audit is better risk assessment.
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.
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