The Fintech Times Edition 57 - AI-Fuelled Fraud Defence Will Larcombe, co-founder and director of Stellarmann explores how artificial intelligence and biometrics are helping to turn the tide on banking scams. 🤖 "It's now mandatory for big banks to provide 'confirmation of payee' before a payment is made. These alert the payer to the true name of the bank account they are paying into - so they can check." Read more: https://hubs.li/Q02QXRMD0
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The Financial Conduct Authority wants financial institutions to stay one step ahead of criminal gangs who are getting ever more sophisticated with their scams, especially around APLs (Authorised Push Payments.) In this article for The Fintech Times, our founder Will Larcombe considers how AI, biometrics and real time analytics can all help in the battle. If your organisation is in the process of delivering new cybersecurity solutions, let us know if you want to talk to the experts at the cutting edge of this topic. #cybercrime #cybersecurity #corebanking #managementconsulting #digitaltransformation #changemanagement
The Fintech Times Edition 57 - AI-Fuelled Fraud Defence Will Larcombe, co-founder and director of Stellarmann explores how artificial intelligence and biometrics are helping to turn the tide on banking scams. 🤖 "It's now mandatory for big banks to provide 'confirmation of payee' before a payment is made. These alert the payer to the true name of the bank account they are paying into - so they can check." Read more: https://hubs.li/Q02QXRMD0
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The Financial Conduct Authority is pushing banks to stay ahead of criminal gangs who are getting way more advanced with their scams. In this piece for The Fintech Times, our founder Will Larcombe talks about how AI, biometrics, and real-time analytics could be game changers in this fight. Reach out to the Stellarmann team if you want to chat with experts who are leading the charge in delivering new cybersecurity solutions. #cybercrime #cybersecurity #corebanking #managementconsulting #digitaltransformation #changemanagement #banking #financialservices
The Fintech Times Edition 57 - AI-Fuelled Fraud Defence Will Larcombe, co-founder and director of Stellarmann explores how artificial intelligence and biometrics are helping to turn the tide on banking scams. 🤖 "It's now mandatory for big banks to provide 'confirmation of payee' before a payment is made. These alert the payer to the true name of the bank account they are paying into - so they can check." Read more: https://hubs.li/Q02QXRMD0
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Have you watched the movie Catch Me If You Can? It's about Frank Abagnale Jr. who uses identity impersonation, fake cheques, and lies to banks to get a lot of money! What if something similar were to happen today in the digital world? Don't worry, we have got your back! With #DSAuthenticate, banks and financial institutions can identify fraudulent customers during onboarding. Read the full article to know more! https://lnkd.in/dg6ScwNf #IdentifyFraud #CatchFraud #BankingIndustry #BankingTechnology #BankingInnovation #DataSmart #FinancialInstitutions
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What are the benefits for banks adopting Keyless? I was recently invited to an interview with Tyler Pathe from FinTech Futures. In the interview, we discussed how Keyless delivers secure and seamless authentication through privacy-preserving biometrics. Thank you, Tyler and Fintech Futures, for the opportunity to share how Keyless is helping banks reduce fraud, cut costs, and improve the user experience. Watch the full interview below 👇 #Biometrics #Authentication #Banks #FinTechFutures
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You can't fix what you can't measure! Bureau is quantifying money mule fraud through a Mule score. So banks and fintechs don't have to wait for fraud to happen. Ranjan R Reddy and Ram Rastogi 🇮🇳 will discuss on how to possibly get a handle on this! Priyam A. Preekshit Gupta Maruthi Kumar Nikhil Jois Apurwa Sarwajit Pranil Palan Sourabh Sharma Aman Patel Triya Shah
Arriving tomorrow! Bureau's webinar on the rising #moneymule fraud is scheduled for 11 AM IST tomorrow. If you're a bank or a fintech looking to understand how big the problem is, do join our webinar tomorrow. Our esteemed speakers Ranjan R Reddy and Ram Rastogi 🇮🇳 will be delving deep into how rampant the money mule fraud is and what businesses can do to strengthen their defenses. Register here: https://lnkd.in/giMYusKt #moneymulefraud #fraudprevention #Bureau
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Exciting times in Financial Services! 🚀 Embrace the latest in fintech innovation - from AI-driven fraud prevention to seamless payment solutions. Stay ahead, stay secure! #FinancialInnovation #PaymentSolutions #FintechRevolution
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With rising digital payment fraud, banks are embracing advanced tech & forming strategic alliances for a stronger defense. From AI-driven platforms to new partnerships, get insights on how you can strengthen your fraud management: https://bit.ly/47PC2xC #futureofmoney #fraudmanagement #fraudmitigation #payments
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Implementing AI systems to detect and prevent fraudulent activities in real-time is crucial for safeguarding our customers. AI-driven fraud detection enhances security and trust in the banking sector. #AIFraudDetection #BankingSecurity #DigitalBanking #Innovation #Fintech
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Implementing AI systems to detect and prevent fraudulent activities in real-time is crucial for safeguarding our customers. AI-driven fraud detection enhances security and trust in the banking sector. #AIFraudDetection #BankingSecurity #DigitalBanking #Innovation #Fintech
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Implementing AI systems to detect and prevent fraudulent activities in real-time is crucial for safeguarding our customers. AI-driven fraud detection enhances security and trust in the banking sector. #AIFraudDetection #BankingSecurity #DigitalBanking #Innovation #Fintech
Thanks for covering this important topic. The positive use cases for AI are starting to come in thick and fast. Will Larcombe