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Fraud attempts are down At the same time, the COST of fraud has risen A multi-pronged tech approach by banks eliminates fraud opportunities American Banker reports that data suggest in the beginning of 2022, the number of fraud cases being reporting has decreased from previous two years — nearing pre-pandemic levels. While many may see…
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At The Financial Brand, Jim Marous, industry influencer and CEO of The Digital Banking Report, and BK Kalra, Global Head of Banking and Capital Markets at Genpact, offer their four essentials for success in the digital banking space. One point they make early is that, while COVID certainly accelerated adoption, the digital banking revolution was on its way, pandemic or…
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A new study examines general bank fraud Fraudsters are overtly advertising “fraud lessons” Checks remain a prime fraud target In their new expansion of The Business of Fraud: An Overview of How Cybercrime Gets Monetized, Recorded Future’s Insikt Group® — Recorded Future’s threat research division, comprising analysts and security researchers with deep government, law enforcement,…
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In case you missed it, over the past month, we have published incredible content on our OrboNation Blog and Modernizing Omnichannel Check Fraud Detection. Review the latest OrboNation Newsletter online or via PDF download.
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According to McKinsey & Company, insurers are much closer to their vision of near-optimal claims processing in 2030 than they were just a few years ago. HealthPayer Intelligence reports that this means commercial health payers can expect the benefits of an integrated, digital claims payment process that benefits every stakeholder. A claims payment solution that…
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Brace yourself: It’s time for banks to begin planning their move to the Metaverse. Or Web3. Or Web 3.0. Or whatever they’re calling it today. If you’re not exactly sure what the Metaverse is, rest assured that you are not alone…but that hasn’t stopped banks from eagerly diving in. The Financial Brand had Mike Abbott,…
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Digital payments are becoming more and more popular Even so, checks remain a mainstay for many consumers Fraudsters never stop evolving, and neither should anti-fraud technology. As cited by an article at the ABA Banking Journal, the 2021 Association for Financial Professionals Payments Fraud and Control Survey indicates that checks remain the payment method most…
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According to the new market research report entitled “Healthcare IT Market by Products & Services (Healthcare Provider Solutions, Healthcare Payer Solutions, & HCIT Outsourcing Services), Components (Services, Software, Hardware), End-User, and Region – Global Forecast to 2026″ (download HERE), the global Healthcare IT market is projected to reach USD 821.1 billion by 2026 from USD 326.1…
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A post at Alogent starts with a very clear — and, by now, familiar — proclamation: The stigma around the use of checks was even the focus of an SNL sketch, where they joked about the amount of data needed before it could be tendered. What those script writers didn’t realize was the value and…
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Fraudsters are stealing checks from postal service mailboxes We now see assaults on mail carriers to access keys to the public mailboxes An online “black market” for checks provides ample motivation for these thefts As if it weren’t bad enough that fraudsters have made it a habit to steal from home mailboxes and even postal…
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