In the fight against fraud, financial institutions are making concerted efforts to weed out vulnerabilities in their customer verification processes. But not all banks and credit unions are wholly ...

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Seven out of ten financial institutions are seeing major increases in financial fraud. Citadel Credit Union is attacking the problem with a combination of AI, trained staff and law enforcement allies.

If we compare the insurance industry to the human body, sales would be the heart pumping blood, while claims management would function as the immune system. Without a proper response from the immune ...

A finance team receives what appears to be a routine supplier request. The email tone is familiar, the invoice looks authentic, and the approval trail seems complete. By the time doubts emerge, the ...

Advanced fraud protection tools implemented by major credit card issuers have significantly reduced credit card fraud, but legitimate cardholders are increasingly seeing their valid transactions ...

Feedzai, a company that offers a platform that helps financial companies detect and prevent fraud and other financial crime, announced this week that it acquired Demyst, which helps banks manage their ...

The Association of Certified Fraud Examiners has partnered with Grant Thornton to create an Anti-Fraud Blueprint to help organizations uncover fraudulent activity and avoid financial losses.

AP fraud attempts are escalating in volume and sophistication, with manual detection proving no match for rising AI-generated scams and cyberthreats. Could AI-powered anti-fraud tools equip AP teams ...