As Big Banks Move Away From Safe Deposit Boxes, Opportunity Opens for Community Banks and Credit Unions The number of safe deposit boxes has been falling steadily for years, and when big banks closed branches ... Read More »
Investing time and money into fraud detection is critical for banks. Not only does fraud detection defend your assets — but it also protects your reputation and safeguards the customer experience. Banks need to choose ... Read More »
Spotting forged signatures can be almost impossible. Even with extensive training, humans can miss forgeries. The differences between a well-executed forgery and a legitimate signature are often much too small for the human eye to ... Read More »
When thieves forge a check, a loan application, or another document, they all use different strategies. Some just grab a pen and hope for the best. Others take their time and practice the signature for ... Read More »
Managed fraud services can refer to any fraud detection and prevention services that you outsource to a third party. This may include anything from deploying fraud detection software to reviewing fraud alerts from your software ... Read More »
A false-positive is when a test identifies an issue incorrectly. The phrase false positive used to be predominantly used in the medical world — if someone tested positive for a condition they didn't have, that ... Read More »
Every year bank fraud costs financial institutions a significant amount of their profits. It also harms their customers and their reputations. To minimize losses as much as possible, financial institutions need fraud detection software. This ... Read More »
Check fraud continues to plague financial institutions, and it leads to significant losses every year. Check image analysis helps to reduce the risk of check fraud by using software to automatically scan checks for signs ... Read More »
Cyber threat intelligence is a critical component of an effective cybersecurity solution. The threat landscape is constantly changing, and the right intelligence ensures that financial institutions can adapt and protect themselves from new and emerging ... Read More »
No one wants to be the bearer of bad news, but financial institutions can't avoid this role. When fraud happens, you have to alert your customers. The way you communicate with your customers about bank ... Read More »