Tamas Kadar’s Post

It's all about awareness and prevention.

🚀 Tailored Solutions for Your High-Risk Business: Unlock Growth Safely! 🛡️ Is your high-risk business facing roadblocks in scaling up? NuPays has the perfect solution tailored just for you! We understand the challenges that come with high-risk industries, and we're here to help you navigate them with confidence. Here's how our specialized approach can unlock growth opportunities for your business: • Customized Risk Assessment: Our experts will conduct a thorough analysis of your business to identify potential risks and develop a customized strategy to mitigate them effectively. • Secure Payment Processing: With our state-of-the-art payment processing solutions, you can securely accept a wide range of payment methods, giving your customers the flexibility they need while safeguarding your business. • Fraud Prevention Tools: Stay one step ahead of fraudsters with our advanced fraud prevention tools that use cutting-edge technology to detect and prevent fraudulent activities in real-time. • Compliance Support: Our team will provide ongoing support to ensure that your business remains compliant with industry regulations, giving you peace of mind and allowing you to focus on growth. Don't let the challenges of operating in a high-risk industry hold you back. Partner with NuPays today and unlock the full potential of your business while safeguarding your future growth. Contact us now to learn more about our tailored solutions and take your business to new heights! #HighRiskBusiness #PaymentProcessing #FraudPrevention #ComplianceSupport #NuPaysSuccess

We bought a real-time risk decisioning platform. Here’s my view of what this means for customers Socure has always been great at the “WHO” of the equation. Identifying identities at onboarding and beyond. But customers kept asking us to expand scope in order to also effectively identify financial crime. For that, you need the WHO and the HOW. And this new platform allows us to combine these two parts of the equation. : Historically, identity and transaction monitoring systems have been siloed. Even when departments use best in class systems, those systems do not seamlessly integrate. They use different data codes, have different update frequencies, sit in different data lakes, run different reports. Moreover, companies don’t share data with one another: A fraudster that ripped off bank A for $10M and got shut down, can walk over to Bank B and start all over again undetected. Our vision post this acquisition: One system to manage the WHO of identity, combined with the HOW of transaction monitoring of financial crime across an organization, across the customers’ lifecycles, enriched by thousands of other organizations' data on those same identities. The outcomes: ◼️True risk identification with seamless onboarding and full lifecycle experiences for good customers ◼️Dynamic networks of identities and relationships within financial crime. ◼️ Tracking financial crime patterns across entities and organizations. ◼️ One place to get all of it, pre-integrated, and optimized over time. Huge congrats to the entire Socure and Effectiv teams. #Identity #Risk #Compliance #Socure #Effectiv

Digital payment fraud has surged worldwide, with businesses and financial institutions collectively losing over $20 billion each year to increasingly sophisticated tactics. As cyber threats evolve, they expose vulnerabilities not only in technology but also in compliance frameworks and risk management strategies. In a landscape where fraud is becoming harder to detect, the focus must shift from reactive measures to intelligence-led, proactive prevention. Here’s what we think can make the difference for organizations struggling with digital payments fraud. 1) Integrated Risk Scoring Models: Real-time risk assessment models, such as DSTrust Score, allow financial institutions to identify high-risk accounts based on a combination of behavioural data, transaction patterns, and external digital footprints. This integrated approach enables earlier fraud detection, protecting institutions and customers alike. 2) Strengthening Verification Protocols: Fraud prevention is most effective when threats are intercepted at the point of entry. With tools like DS Authenticate, institutions can streamline the KYC process, ensuring that fraudulent actors are detected before they enter the system. By leveraging data from multiple sources, this enhanced verification reduces the chances of mule accounts infiltrating the network. 3) Aligning with Evolving Compliance Standards: The recent RBI updates on fraud risk management underscore the need for advanced, compliance-focused solutions. By working in sync with regulatory guidelines, Data Sutram’s solutions not only meet but anticipate compliance needs, empowering institutions to adapt seamlessly to changing standards. 4) Fostering an Intelligence-Driven Culture: As fraudsters refine their methods, financial institutions must shift toward a culture that emphasizes data intelligence at every level. Collaboration between data science, risk management, and compliance teams is essential to create an agile response framework that keeps pace with emerging threats. Data Sutram’s role in this ecosystem is not just to provide tools but to foster partnerships with financial institutions that prioritize long-term security. These solutions represent the shift the industry needs—one where digital payments are safer, compliance is built-in, and customer trust is paramount. For a closer look at how Data Sutram is redefining fraud prevention in digital payments, visit www.datasutram.com. #DataSutram #FraudPrevention #DigitalSecurity #ProtectingDigitalPayments #FinancialResilience #RealTimeRisk #DataDrivenSecurity #SecureDigitalEconomy #IntelligentFraudDetection

Fraud costs businesses $5 trillion annually—are your defenses strong enough? At ACT, we understand that mitigating these risks requires more than just technology—it demands experience, innovation, and dedication. Here’s why leading companies trust ACT as their Fraud Detection & Prevention (FD&P) partner: ✅ 20+ years of expertise managing complex fraud scenarios ✅ Cutting-edge technology tailored to stop emerging fraud trends ✅ Data-rich insights for faster, more precise fraud detection ✅ Employee-owned team dedicated to your success ✅ Scorecard-driven results with 98% of our operational metrics in the 'green' #Fraud #BPO #EmployeeOwnedBPO

Enhancing Fraud Protection: Single vs. Multiple Models 💡 Fraud is evolving. Is your detection model keeping up? 🔒 Single-Model Approach: Fast, simple, and integrates smoothly, but may fall short in complex fraud scenarios. 🛡️ Multiple-Models Approach: Offers comprehensive protection by differentiating between various fraud types, providing a more refined defense. ⚙️ Hybrid Model: A balanced approach with immediate fraud blocking and detailed analysis for nuanced responses. Optimize your fraud mitigation strategy today! #FraudPrevention #RiskMitigation #EcommerceFraud #LexisNexis

Payment fraud is on the rise. The Association for Financial Professionals reports that 80% of organizations experienced fraud attempts in 2023. Join us on Tuesday, October 15, 2024 at 12:00 p.m. ET to get essential insights from FIS and Ernst and Young experts on how to protect your organization against the increasing threats of payment fraud. Why Attend? • Understand the latest fraud trends. • Discover prevention and detection strategies. • Learn how to manage people, processes, and tech for fraud prevention. Meet Our Experts: • Kenny Echendu – Senior Manager at Ernst and Young • Bea Saldivar – Treasury and Payment Specialist at FIS • Rijuta Jain – VP Product Management at FIS Don’t miss this opportunity to gain valuable fraud prevention insights and best practices. Register Here: http://spr.ly/6049Wviic

Ever noticed how fraud in payables is like a chameleon, blending seamlessly into the financial landscape of your organisation? It's there, lurking in the shadows, waiting to strike when you least expect it. From ghost vendor fraud to overbilling, the variety of schemes is as creative as it is damaging. Here's the thing: detecting fraud isn't just about safeguarding assets; it's about maintaining the integrity of your financial operations. It's about ensuring that every penny spent or saved is a reflection of your organisation's values and hard work. So, how do we tackle this pervasive issue? Let's break it down: Awareness is Key: Understand the common types of fraud. Knowledge is your first line of defence. Implement Robust Controls: Automation and AI aren't just buzzwords. They are essential tools in identifying anomalies that could indicate fraudulent activities. Foster a Culture of Accountability: Encourage an environment where questioning and reporting suspicious activities are not just accepted but expected. In a world where financial transactions are increasingly complex and voluminous, staying ahead of fraudsters is a daunting task. Yet, it's not insurmountable. With the right mix of technology, awareness, and culture, we can protect our organisations from the financial and reputational damage caused by fraud. Remember, the goal isn't just to detect fraud; it's to create an environment where fraud finds it impossible to thrive. Let's make our financial operations a fortress, impervious to the schemes of fraudsters. https://lnkd.in/gyY-Ngaq

Payment fraud is on the rise. The Association for Financial Professionals reports that 80% of organizations experienced fraud attempts in 2023. Join us on Tuesday, October 15, 2024 at 12:00 p.m. ET to get essential insights from FIS and Ernst and Young experts on how to protect your organization against the increasing threats of payment fraud. Why Attend? • Understand the latest fraud trends. • Discover prevention and detection strategies. • Learn how to manage people, processes, and tech for fraud prevention. Meet Our Experts: • Kenny Echendu – Senior Manager at Ernst and Young • Bea Saldivar – Treasury and Payment Specialist at FIS • Rijuta Jain – VP Product Management at FIS Don’t miss this opportunity to gain valuable fraud prevention insights and best practices. Register Here: http://spr.ly/6049WQQyb