End to End fraud detection and prevention services across multiple sectors to manage risk and fight fraud.
Financial institutions (FIs) are under unprecedented pressure from the confluence of escalating fraud threats. From losing customer’s trust to heavy financial losses, fraudulent activities can shut down any business. With a continuous surge in payment fraud and social engineering manipulations, financial institutions have turned into a fertile ground for a variety of financial fraud. Fraudsters
In the digital space, data thefts have been exacerbating the problem for financial institutions (FIs). Anti-fraud measures require fine tuning, being core drivers in business growth. According to a study, the global card losses will exceed $35 Billion by 2020. The figure is staggering, as it leads to impaired brand reputation and lower productivity. With
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
Welcome to the future of banking where large tech companies, startups and financial services providers are competing for their slice of customer convenience in a highly competitive marketplace. The meteoric rise of FinTech is the inevitable result of an increasing consumer demand, to facilitate and ameliorate financial and banking procedures by harnessing the power of new
Does it feel like more people are working on the go, totally tapped into palm-sized screens? Owing to its appeal for millennial consumers, mobile web browsing has been steadily growing since its inception while the desktop’s share of web traffic has phenomenally decreased. Retailers, who have optimized their mobile shopping experience for their customers are
Ever been a victim of a cyber-attack in guise of data phishing via Bluetooth Technology? If the answer is YES, then you need to reconsider enabling Bluetooth on your mobile devices. With fast emerging technological evolution, hackers have gone ultra-creative in cracking your security wall around sensitive data. These cyber offenders have been developing
The roll out of Same Day ACH (SDACH) Phase I by the Electronic Payments Association (NACHA), the administrator of the Automated Clearing House (ACH) network, in September 2016 led the payment industry to dramatically adopt same day transactions. It accounted for approximately 13M amounting to more than $18B in QTR 1, 2017. Assessing the Impact
The frequency of data breaches continues to propel at a breakneck speed. Revealing the alarming growth of data thefts, the Identity Theft Resource Center confirmed that 1,093 data breaches were recorded in 2016 for organizations across the US. According to the Ponemon Institute research, the average cost of a data breach during 2016 was over
When the turf was fragile, solutions were not streamlined, tools were cumbersome and fraudsters were spearheading with sharp strategies and advanced programs. Quatrro Processing Services since then has been providing 100% coverage against fraud and scams with efficient real-time transaction monitoring. Quatrro is powered by highly futuristic, proactive and effective fraud prevention solutions anchored by
Bitcoins/ Blockchain is not a new development, they appeared on the horizon eight years ago. The global financial crisis in the year 2008 motivated Satoshi Nakamoto to write a paper called, ‘Bitcoin’ – A Peer to Peer Electronic Cash System. While Satoshi’s identity is still unknown, periodically several people pop up claiming to be him.