Tag Archives: AML monitoring

$36.6 Million Loss: Are Money Mules at Helm of the Payment Fraud?

Crime typologies are shifting. Today, Fraudsters have a global reach and an easy access to vast data collected as a result of data breaches. This makes the problem pertaining to the security of consumers’ personal information never-ending. As we progress to 2018, fraudsters discover new ways to contaminate the space for more money providing an

Read More

digital payments industry

Tech Innovations in the Digital Payments Sphere

The dynamic nature of faster payments and advent of new technologies driven by FinTech have been creating disruptions in the payment landscape. With innovative technology reshaping the payment ecosystem, financial institutions have witnessed rising incidents of financial crime and new threats in form of illegitimate cross border transactions. Same Day ACH, ongoing EMV compliance and

Read More