GBG Plc

KYB Solutions Consultant, Harry Musson, shares insights on overcoming blockers such as regulatory challenges and lengthy onboarding times. ✨🔎 Explore how effective KYB processes can streamline operations and enhance customer trust on how to remove KYB business blockers with an automated, accelerated end-to-end business onboarding journey. ⚠️ https://ow.ly/g0A350V5fal #GBGDetected #KYB #KnowYourBusiness

Too good to be true? It likely is… Having worked in fraud and financial crime prevention for over a decade, I’ve seen the tactics of fraudsters advance over time, taking advantage of the latest technology to increase the scale and sophistication of their scams. But one thing doesn’t change – the manipulation of human emotions that make people act without thinking twice.  When social engineering is combined with the latest technology it’s a lethal combination – and we’re seeing the impact:  📰 UK Finance, Cyber Defence Alliance and Cifas recently released a warning to consumers about a new sophisticated mobile scam, where criminal groups posing as well-known brands trick customers into divulging banking one-time passwords with attractive offers.   By creating a sense of urgency, consumers are unwittingly giving fraudsters the ability take over their payment accounts.  Read more on this story here: https://lnkd.in/d5nJiGAZ  📰 Action Fraud has also warned holiday goers against ‘too good to be true’ offers this week. Figures show holidays scams are costing over £11 million a year, with consumers scammed into transferring money directly to a fraudsters bank account or via a fraudulent website. ITV reports: https://lnkd.in/dwjhMBX3     As fraudsters continue to leverage social engineering tactics for their gain, consumers need to exercise caution, and businesses need to leverage the latest tech and expertise to spot and stop third party fraud such as account takeover and identity fraud. Account compromise is a significant concern for both consumers and businesses. Education, awareness, and risk-based monitoring of account behaviour are essential for protection. For instance, changes in contact details, such as email or mobile numbers (the gateways to account access), can be normal but warrant attention in certain scenarios. Additional checks on new contact details, cross-referencing them with the account holder, or assessing their reputation can provide unobtrusive yet effective account security. Cross-sector and industry intelligence will be crucial here – particularly as fraudsters use and target multiple business and platforms within one scam. Last year, the PSR confirmed that more than half of bank transfer scams originated on social media platforms – social media, technology companies, financial services are all part of the solution. GBG Plc #FraudPrevention #Scams #IdentityFraud #AccountTakeover #IDV

How do we combat #Fraud in the age of #Deepfakes? That’s the question Alex Pillow ventured to answer in this episode of #KYCDecoded with two deepfake experts – David Thomas, Head of Product - Global Documents & Biometrics at GBG Plc and Paul Warren-Tape, Head of Risk and Compliance at IDVerse - A LexisNexis® Risk Solutions Company. I’ll give you a hint – the same technology that enables fraudsters to be more sophisticated than ever before can also become the most powerful weapon in #Compliance professionals’ arsenal. Tune into the entire episode below if you want to dive deeper into the fight against deepfake fraud: https://lnkd.in/eqW5PMJk

Deepfakes blur the lines between reality and fiction, which, in the hands of fraudsters, can be very dangerous. Businesses are aware of the problem – Deloitte reports over half of senior executives expect deepfake financial fraud to increase in frequency and scale – but do they have the right defences in place? 💡 Our Chief Product and Technology Officer, Karthik Mani, provides advice on how to protect your business in the era of deepfakes. Read the full piece here: https://lnkd.in/e9zJSjsf #Deepfakes #AIFraud #Scams #GenAI #Identity #IdentityFraud #FraudPrevention

Equip your organisation with the knowledge to stay ahead of fraudsters. Our whitepaper provides in-depth analysis and practical strategies to help you identify and combat fraud effectively. Learn from real-world case studies and expert recommendations tailored for the South-East Asian market. ✨ Stay informed, stay protected. Download the whitepaper here: https://hubs.ly/Q02WWv-j0 #GBG #fraudtypologies #asiafraud #GBGwhitepaper #fraudprevention #frauddetection #fraudmanagement

LawFest is fast approaching. We are pleased to be a gold sponsor at this year's event, scheduled for the 6th of March. Stop by our booth to meet our wonderful New Zealand team. 🚀 Amado Nidea, Ash R., Andrew Parsons #Legaltech #LawFestAotearoa #LegalInnovation

Our Chief Product and Technology Officer, Karthik Mani highlights a major issue: Hackers using fake identities to scam users. With losses estimated at $500B, stay vigilant and protect your digital assets. #CyberSecurity #CryptoScams #StaySafe

“The way data is presented and used is very smart and the expert personal support I receive from GBG is top notch. They collaborate on proof of concepts and cost/benefit analysis with every change we make. I don’t see GBG as a vendor, it’s a very strong strategic partnership.” Read more on the case study put together by GBG Plc on behalf of Atlantic Lottery: https://lnkd.in/gu9pR9i4

Bringing Your Authentic Self to Work One of the greatest feelings is working for a company, GBG Plc that truly values its people—not just for their skills, but for who they are. I’m incredibly proud to be part of a team that champions authenticity in the workplace, fostering an environment where individuals can show up as their true selves and thrive. Beyond our groundbreaking work in IDV & Location Addressing, we’re investing in what matters most—people. Because at the end of the day, innovation isn’t just about technology; it’s about the diverse minds and unique perspectives that drive it forward. Excited for what’s ahead! #AuthenticityAtWork #IDV #LocationAddressing #PeopleFirst #Innovation Happy Black History Month!! GBG Plc Loqate, a GBG solution Laurie Booth

Imagine having a single platform that consolidates all your data, providing real-time insights and enhancing decision-making. 💡 GBG’s Intelligence Center leverages advanced technology to reduce manual efforts and improve data accuracy, making your operations more efficient. 🚀 Don't let data management challenges hold you back. Request a demo now to see how Intelligence Center can empower your data orchestration and provide a comprehensive overview for transaction monitoring and customer onboarding. https://hubs.ly/Q02Xf5yv0 #GBG #Intelligencecenter #orchestrate #dataingestion #fraudprevention #frauddetection #fraudmanagement