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
