Jaywing Risk Insights

46% of organisations see operational efficiency as AI’s greatest potential benefit. Yet only 11% are actively focusing on it. What are you missing out on? Uncover the untapped opportunities in our new report. 📕 Download it here: https://lnkd.in/ewPXcKFT #AI #creditrisk #frauddetection

AML isn’t keeping up—and criminals know it. 🚨 £580 million lost to APP fraud in just six months 🚨 Real-time payments = real-time risks 🚨 Mule networks are more sophisticated than ever Financial criminals aren’t slowing down. They’re exploiting the gaps in AML systems—moving money instantly, blending payment methods, and staying one step ahead of outdated detection tools. The problem? Traditional AML approaches weren’t built for this. 🔴 Static rules struggle to detect evolving threats 🔴 Cross-border transactions create compliance blind spots 🔴 False positives frustrate customers and waste resources Meanwhile, regulators are tightening the rules. The EU’s 6th Anti-Money Laundering Directive (6AMLD) and the UK’s latest requirements demand proactive crime prevention—not just after-the-fact detection. So how can PSPs strengthen their defences without slowing down payments or pushing customers away? Our latest eBook, "Strengthening AML Defence: A PSP’s Guide to Fighting Financial Crime," covers: ✅ The biggest AML challenges PSPs face today ✅ How AI and real-time transaction monitoring can outpace fraudsters ✅ Best practices to cut financial crime without disrupting payments ✅ A real-world AML case study Download it here now: https://lnkd.in/e8yXRwqv #AML #FinancialCrime #Payments #FraudPrevention #RiskManagement

Customer journeys: The Jaywing way 💡 In this post, Ben Kentzer explains how Jaywing helps the likes of Virgin Money to ensure every message—whether part of a welcome, nurture, or win-back campaign—is thoughtfully tailored to the individual. Here's a quick preview of how we do it: 🟡Perform rigorous data hygiene checks to avoid errors like incorrect salutations or formatting issues. 🟡Use AI models to identify the right content for the right customer at the right time. 🟡Craft campaigns where few customers receive identical content, ensuring each interaction feels unique and relevant. ➡ Find out more: https://lnkd.in/eKk_PWwM #datamanagement

25 years of data management: Learn about our services 🖱 We’ve worked with some of the UK’s largest brands to deliver: 🟡Auditing & data scope: Assess and document your data landscape. 🟡Normalisation & cleansing: Ensure consistency, accuracy, and reliability. 🟡Merging & connectivity: Seamlessly integrate structured data repositories across your organisation. Our expertise in compliance, GDPR, and data best practices makes us the trusted partner of leading brands across finance, retail, FMCG, and education. 📕Learn more: https://lnkd.in/eMyM-ihC #creditrisk #datamanagement

Our latest newsletter is here.🚨 This month we're covering: 🟡Lessons Learned in Risk: Insights from 2024 🟡Strengthening AML defences: A PSP's guide to fighting financial crime 🟡AI research report: How are your peers using AI in credit and fraud risk? 🟡New hires: Jaywing strengthens risk leadership team with three new appointments #creditrisk #aml #fraudprevention #ai

Staying ahead of modern fraud threats 🚨 Fraudsters are evolving, and so must our defences. From investment scams targeting over-55s to shopping purchase scams on social platforms, new tactics are emerging that exploit vulnerabilities: 💔 Romance scams increased by 31% last year 🔑 Fraudsters now clone legitimate firms to target pension holders 📧 Phishing methods are more convincing than ever With the APP fraud reimbursement rule now in place (covering losses up to £85,000), support exists for victims. But prevention is always better than cure. In this latest blog, Lydia Edwards covers key points to help educate consumers. Read it here: https://lnkd.in/e5_qrdPR #FraudPrevention #FinancialFraud

The reality of AML challenges for PSPs: 💰 £1.2 billion lost to financial crime in the UK (2023) 📲 £580 million lost to APP fraud in just six months 🌍 77% of scams originate online Payment Service Providers (PSPs) are under pressure. The surge in digital payments, the speed of transactions, and the rise of new payment methods have made it easier for criminals to exploit weak points in AML systems. Regulators are stepping in, demanding stronger defences—but outdated detection methods are leaving PSPs exposed. Here’s the problem: ⚠️ Traditional AML systems rely on static rules and manual reviews—too slow for real-time payments. ⚠️ Criminals are using professional mule networks to move money undetected. ⚠️ Compliance failures don’t just lead to fines—they erode customer trust and damage reputations. So, how do PSPs fight back? By building AML defences that are fast, adaptable, and precise. 📖 In our new eBook, "Strengthening AML Defence: A PSP’s Guide to Fighting Financial Crime," we look at: ✅ Why traditional AML approaches are failing ✅ Five key challenges PSPs must overcome ✅ Best practices for stopping financial crime—without disrupting payments ✅ A real-world AML case study 📥 Get your copy here: https://lnkd.in/e8yXRwqv #AML #FinancialCrime #Payments #FraudPrevention #RiskManagement

65% of firms are actively implementing AI, but only 7% have achieved an advanced AI status. What’s holding organisations back? Our research reveals the barriers and priorities for scaling AI across risk functions. 📕 Download the report now: https://lnkd.in/ewPXcKFT #AI #creditrisk #frauddetection

Exciting news! David Northen is joining Jaywing Risk Consulting as our new Risk Transformation Lead. David brings extensive experience from his leadership roles at Accenture and Coventry Building Society. Starting in January 2025 and based in the UK, David will focus on developing Risk Transformation and Post-Merger Integration services, working closely with our clients to tackle transformation challenges and identify opportunities for growth. We’re thrilled to have David’s expertise on board to support our clients in 2025 and beyond. Welcome, David! #creditrisk #datagovernance #leadership

36% of UK financial institutions still have no AI models in risk. With the competitive gap widening, can you afford to wait? Our new research highlights the risks and the opportunities for firms adopting AI. 📕 Get the full report: https://lnkd.in/ewPXcKFT #AI #creditrisk #frauddetection