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Artificial Intelligence (AI) and Machine Learning (ML) are all over the news lately — and for good reason. Almost every industry and endeavor can be touched by the existent and emergent tools that AI and ML make possible. And, as Finextra reports, the UK banking world is in step with the latest developments: The latest research…
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Check fraud visits Judge Judy’s courtroom The plaintiff was actually confronted with two unrelated check fraud attempts Judge Judy has no time for dilly-dallying The Honorable Judith Susan Sheindlin, most recognizably known as “Judge Judy,” is a former prosecutor and Manhattan family court judge turned TV personality. Many people know her from the daytime TV…
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The Fraud/ol/ogy Podcast, hosted by long-time online fraud expert Karisse Hendrick, dives into all areas of “Fraudology” from the perspective of a fraud-fighter. With guests ranging from former cybercriminals to fraud-fighters at Fortune 500 companies to law enforcement and others, you will no doubt be entertained, while learning a lot about fraud & other forms…
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Digital currency has been a topic of discussion for many years now. Most have heard of Bitcoin and other cryptocurrencies; yet no digital currency or cryptocurrency has made a strong enough case as a viable replacement for current payments. One major drawback — or advantage, depending on who you ask — is that cryptocurrencies are…
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One man’s “career” in check scams Using checks to steal money used evolving methodology Crime leads to prison AND deterioration of relationships with loved ones Perhaps one of the best ways to learn about fraud methodologies might be to “look over the shoulder” of a person who actually perpetrated check fraud — which is exactly…
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The growth of instant payments is straining fraud prevention and detection The Federal Reserve has begun its launch of FedNow Efficient data acquisition and processing will be key to controlling fraud As we’ve discussed in previous posts, consumers now have the expectation of near-instantaneous payments solutions. With the popularity of payments like Paypal and, most…
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Core processing platforms are the lifeblood of the banking system. Without these systems, banks would be operating in the “stone age,” manually processing and tracking transactions. Over the past few decades, these platforms have been able to handle all types of transactions and payments, from credit cards to checks. However, with technology evolving, new payments…
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AI will be deployed to fight money laundering Google’s new AI product was trialed by HSBC AI helps Financial Organizations to Meet AML Obligations Over the past month, we have covered numerous topics when it comes to artificial intelligence and its importance to the banking industry, specifically fighting fraud. We have talked about generative AI…
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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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Accenture recently released a report entitled A New Era of Generative AI for Everyone, which explains why generative AI is the ultimate “co-pilot” for human capabilities — and how it will “transform work and reinvent business.” ChatGPT has become a household name — and it’s only been known to the mainstream for six months. The Accenture…
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