The risk of money laundering spans the entire financial services ecosystem - banks, payment providers and newer cryptocurrencies, such as Bitcoin and Ripple and more. Given how much financial activity occurs every second, everyday, it’s important for banks and financial organizations to develop a robust...
Fraud detection, in many ways, resembles finding needles in a haystack. You must sort and make sense of massive amounts of data in order to find your “needles” or in this case, your fraudsters. Let’s use the example of a phone company with billions of calls...
You know a technology has reached a tipping point when your kids ask about it. This happened recently when my eighth grade daughter asked, “What is Machine Learning and why is it so important?”. Answering her question, I explained how Machine Learning is part of AI,...
Today, criminals are using extremely sophisticated, ever-adapting tactics to bypass traditional anti-fraud solutions for money laundering. Any organization facilitating financial transactions – including non-bank money service businesses such as digital/mobile payment services, life insurers and retailers, to name a few – falls within the scope...
