Find out how analytics can protect against fraud and cybercrime
Surprise! The data team does more than you think to implement certain legislative actions.
New payment methods will deliver huge improvements in speed of transaction, but also provide challenges.
"Once an attack is discovered, the average #cybercrime victim in the UK spends 14.8 hours dealing with the aftermath. These are worrying facts."
Forming a significant theme in several organisational technology strategies, AI can augment a gamut of business practices, including compliance. Compliance is a must-do activity, not a nice-to-have. It is essential that companies extract maximum value from compliance processes, reducing the possibility of it being considered a cost centre. Technological innovation
Customer identity is a precious asset and a highly prized commodity. As the financial services industry has become more digitised down the years, customers' digital identity decides what they can do and what online services they have access to. This has been revolutionary for the customer experience. So long as
Around the world, combating public sector fraud is a major problem. "Benefits cheats" get the most media attention, but are by no means the biggest loss. Tax fraud is also a huge issue. And some estimates suggest that procurement fraud could dwarf both in terms of both scale and complexity.
Machine Learning und selbstlernende Algorithmen lassen sich in unterschiedlichsten Geschäftsbereichen einsetzen, um manuelle Prozesse zu unterstützen oder zu automatisieren. Betrugserkennung und Geldwäscheprävention bieten sich dafür an – bedürfen dabei aber besonderer Umsicht. Denn jede Fehleinschätzung kann entweder große finanzielle Verluste oder einen erheblichen Imageschaden nach sich ziehen. Wie die Technologien
How do we make the world a better place? It’s a question that’s tickled many a worthy brain over the centuries – and now the answer is closer than ever. Data can make the world a better place. Data is why we don’t live in caves anymore, why we moved
Sibos 2019 kicks off in London in three weeks, and the theme for this year is "Thriving in a hyper-connected world." The market has long demanded quicker and more convenient payment methods, and the industry is now answering with ubiquitous payments. Yet at what cost? PSD2 and open banking are
The Europe-wide PSD2 implementation deadline will fall on 14 September. In the UK, it has now been confirmed that the official compliance deadline for the Secure Customer Authentication section of the regulation will be pushed out to March 2021. UK companies must be able to demonstrate that they are moving
It’s been over a year since my previous blog post, so it seemed like a good time for a refresh. Also, it’s just over a year since the EU implemented GDPR. This regulation promised users could take back control of their data and opt-in/opt-outs, while businesses could get fined up
The financial services industry is under continued pressure to create more convenient ways of paying for goods and services. This trend goes beyond common hype. It’s a cultural shift from long-standing payment methods traditionally defined by industry heavyweights to embracing market demands and delivering customer-centricity. With digitisation, new market entrants
Articolo tradotto e integrato dal post originale di Laurent Colombant In una recente survey della società di consulenza PWC è stato stimato che le frodi nei processi di procurement erano il secondo crimine economico più denunciato a livello mondiale. Si tratta di un termine ampio, che comprende di tutto, dalla
Anti-money laundering has been an issue for banks and financial institutions for some time. Transaction monitoring systems have been around for many years. Meeting and complying with regulations at the regional or national level, however, remains a challenge. Many financial institutions are almost playing catch-up with regulators, as anti-money laundering
Anti-money laundering is an important issue for governments and banks alike. The fight to prevent terrorist financing and profiting from crime means that banks and other financial institutions are increasingly required by regulations to put anti-money laundering systems in place. Many are turning to analytics in the process, and particularly to
Let’s be blunt. Procurement fraud is a problem. Orders and purchase procedures are one of the most vulnerable areas of corruption. The scale of irregularities and abuse in the procurement area is large. In fact, procurement fraud is the second-biggest economic crime after theft. Estimates suggest that businesses can
El fraude en seguros siempre ha existido, presentándose de diferentes maneras para adaptarse a cada época. Hoy en día, la magnitud del fraude en seguros no solamente es sorprendente, sino que aumenta. Las actividades fraudulentas prevalecen a lo largo de todo el ciclo de vida de la póliza. A medida
SAS코리아, ‘SAS 뱅킹 이노베이션 포럼’ 성료 인공지능(AI)과 머신러닝 기반 솔루션 활용한 성공적인 금융 디지털 혁신 방안 공유 ATB 파이낸셜·NH농협은행, SAS 바이야로 업무 생산성 향상 및 최적의 고객 서비스 제공 2019년 3월 7일 – 세계적인 분석 선두 기업 SAS(쌔스)코리아(www.sas.com/korea)가 6일(수) 서울 여의도 콘래드호텔에서 국내 주요 금융권 관계자가 참석한 가운데 인공지능(AI)과 머신러닝(ML)
En las semanas recientes, el gobierno mexicano se ha enfocado en combatir el robo de combustible que aqueja a varios estados del país, el delito que se ha producido para Pemex por $3,000 millones de dólares (mdd), según la calificadora de inversiones Moody's Investor Services. Si bien se ha cuestionado
인공지능(AI)과 머신러닝이 최근 화두로 떠오르며 이를 둘러싼 여러 오해가 생기고 있습니다. 특히 사기 분야에 대해서는 더 많은 오해를 하고 있는데요. 인공지능과 머신러닝이 정교한 기술과 방대한 양의 데이터를 사용해 도움을 주고 있다는 사실, 알고 계신가요? 인공지능과 머신러닝은 기술은 우리의 일상적인 업무에서 생각해보지 못했던 질문을 던집니다. 이러한 질문들은 보편적으로 알려져 있지 않은 사실이기
인공지능(AI)은 지난 한 해 동안 미국 연방 정부에서 가장 주목 받은 키워드 중 하나였습니다. 지난 9월, 백악관은 미국의 연방정부가 15년 만에 연방 차원의 체계적 ‘국가 사이버보안 전략’ 공개하며 사이버보안 강화와 기술 발전을 위한 청사진을 제시하기도 했는데요. 발표된 전략 보고서에는 미국 내 네트워크·시스템·데이터 안보 강화, 강화된 사이버보안을 환경에서 디지털경제와 기술혁신 증진, 미국의
Healthcare fraud is alive and well. Honesty is dead and gone. There, I’ve said it. What else are we to take from surveys that find that 27% of people would sell their work passwords...44% of them for less than $1,000?* What does it mean that 37% of survey respondents think
In many grocery stores throughout the country, the acronym “WIC” accompanies a number of the food items on the shelves. The letters stand for the federal “Women, Infants and Children” program that provides nutritional food to pregnant women and their young children who are in need. While this is a
Como se indica su nombre, las tiendas de conveniencia se han convertido en los puntos de venta donde los consumidores no sólo pueden adquirir muchos de los productos que requieren a diario, en el momento que lo deseen, sino también realizar pagos de servicios, abonar saldo o a sus líneas
¿Quién, en ocasiones festivas y/o momentos especiales, no ha escuchado o repetido alguna vez y casi de manera automática: “Brindo por la salud”, “Lo importante es la salud, lo demás va y viene”? Al parecer, son escasos los momentos de nuestra vida, donde nos acordamos de nuestra propia salud, salvo
Artificial intelligence often seems misunderstood, especially in fraud. The same is true of machine learning. One of the amazing things about them is they ask the unasked questions. This occurs as artificial intelligence (AI) and machine learning (ML) go about their daily work. So, what is the unasked question? Too
Las técnicas creadas a partir del Big Data han revelado múltiples aplicaciones que han servido para poner sobre la mesa los fraudes y las filtraciones masivas de información sobre temas relacionados con, por ejemplo, paraísos fiscales y evasión de impuestos. A Latinoamérica, según reportes divulgados por Global Financial Integrity, la
Desde que era un niño, fui un apasionado por las series policíacas. Pero más allá de ver como se enfrentaba a la delincuencia e injusticia, me gustaba observar cómo se desarrollaba el marco investigativo hasta dar con los autores de hechos criminales, la metodología empleada y los diferentes medios y
La seguridad informática es un problema constante en las empresas, pero las soluciones como la analítica llegaron para redefinir y potenciar la ciberseguridad. Es común pensar que los hackers vulneran la seguridad de una empresa de la noche a la mañana, infectando la red y robando datos en cuestión de
Soccer has been on my mind since the recent tournament in Russia, and fraud is always on my mind. Fighting fraud today means thinking about artificial intelligence (AI) and machine learning (ML). Everyone says so. Like me, you probably wonder how AI and ML work – especially in fraud. What
