Electronic signatures are convenient for financial institutions and consumers, and if handled properly, they can offer the same level of security as traditional signatures. However, if you're thinking about implementing or expanding the use of ... Read More »
Financial institutions are heavily targeted by cybercriminals, but to avoid detection, criminals are always changing the types of crimes they use. Financial institutions need to be constantly alert about the changing cybersecurity landscape, and they ... Read More »
Also called neobanks or virtual banks, challenger banks focus on innovation, and they provide services that appeal to niche market segments such as small businesses, freelancers, and the traditionally unbanked. Although these newcomers are poised ... Read More »
Fraud managed services are when you outsource the management of your fraud detection and prevention services. Managed services can range from having a fraud specialist handle some of your fraud prevention strategies to fully outsourcing ... Read More »
Safe deposit boxes offer your customers the ability to safely secure a range of items, but you need to ensure you're running your vault as safely as possible. To protect your customers, the contents of ... Read More »
Fraud detection and prevention tools rely on machine learning to improve their efforts. The more the tools learn, the more effectively they can spot signs of fraud and avoid false-positives. But how does machine learning ... Read More »
When most people think of scams and bank fraud, they typically think about crimes being committed by a criminal. Usually, this is the case, but several scams rely on unwitting consumers to perpetuate them. In ... Read More »
You can invest all kinds of capital into fraud detection and prevention solutions, but in many situations, the staff at your financial institution is your first line of defense. If they don't understand the risk ... Read More »
Effective anti-fraud solutions don't just look for fraud that is underway. Instead, they look for signs that fraud is likely to happen. They detect fraud before it occurs, helping to reduce losses, save time, and ... Read More »
When you're comparing different anti-fraud solutions for your financial institution, you're likely to hear the phrase "machine learning" a lot. Machine learning is a type of artificial intelligence (AI) that mimics the human brain by ... Read More »