How to tell if your 'online romance' is really an artificial intelligence SCAMMER

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The recent emergence of artificial intelligence chatbots has already changed the world. From ChatGPT, to Microsoft‘s Bing AI, and Google‘s newly released Bard, the advancement in human technology is going to have a huge effect on how humans operate.

But while AI might provide a new dawn for technology, there are a number of serious and unsettling threats.


Feedzai Partners With UK Finance for Annual Fraud Report 2023

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UK Finance has chosen Feedzai as the lead sponsor and contributor for the next edition of its Annual Fraud Report. The report highlights the key themes, opportunities and challenges for the UK’s banking and finance industry in its continued efforts to protect customers from fraud and is a valuable resource for industry professionals, regulators, and policymakers.


Feedzai joins Global Anti-Scam Alliance

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If you’re thinking fraudsters will turn over a new leaf and resolve to behave themselves in 2023, it’s time for a wake-up call, because fraudsters never change their stripes, just their tactics.

As we enter a new year, Andy Renshaw, Senior Vice President, Product Management at Feedzai – the market leader in fighting financial crime with AI – offers his top five fraud predictions for 2023.


Firms Need to Use Tech to Mitigate Growing Money Laundering Threat

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Money mule schemes, multi-customer cross-wallet activity and the use of crypto exchanges are the most common money laundering techniques, yet most firms are failing to make use of available technology to mitigate the threat, according to the latest research from Feedzai, the RiskOps platform for financial risk management.

The State of Global Anti Money Laundering Compliance Report surveyed 636 anti-money laundering (AML) compliance experts, representing 77 companies around the world, most of them from the financial services industry, and overall 74 per cent of respondents cited money mule schemes – both unwitting (44 per cent) and witting (30 per cent) – as the most common money laundering threats.


Money Mule And Crypto Schemes Now Top Money Laundering Threats, According to New Research from Feedzai

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Money mule schemes, multi-customer cross-wallet activity and the use of crypto exchanges are the most common money laundering techniques, yet most firms are failing to make use of available technology to mitigate the threat, according to the latest research from Feedzai, the world’s first RiskOps platform for financial risk management.

The State of Global Anti Money Laundering Compliance Report surveyed 636 Anti-Money Laundering (AML) compliance experts, representing 77 companies around the world, most of them from the financial services industry, and overall 74% of respondents cited money mule schemes – both unwitting (44%) and witting (30%) – as the most common money laundering threats.


SUNEMPLOYMENT Here’s our list of the top eight menopause-friendly employers

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IT happens to half the population and sees firms lose 14million working days per year.

So why aren’t companies doing more about the menopause?

One in ten working women has left a job due to their symptoms, with a further 26 per cent forced to take time off, according to The Fawcett Society, a gender equality and women’s rights charity.


Feedzai named a Leader in IDC MarketScape for Responsible Artificial Intelligence in financial crime management

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Feedzai, the world’s first RiskOps platform for financial risk management, announced that it has been named as a leader in the IDC MarketScape: Worldwide Responsible AI for Integrated Financial Crime Management Platforms 2022 Vendor Assessment. ( doc #US47457622, July 2022.)

The IDC MarketScape evaluated the vendors on fairness, explainability, robustness, lineage and transparency – the five foundational elements of responsible Artificial Intelligence (AI), or the framework that builds trust within AI solutions. According to the report, “Feedzai has been at the forefront of responsible machine learning for financial crimes management identification and detection for a few years now and has implemented some of the most widely used open source frameworks and tools for flexibility in ML creation. Organizations appreciate its ability to improve and accelerate development and deployment of those models into a wide variety of environments.”


Al Rajhi Bank Malaysia partners with Feedzai to provide avant-garde security for its digital bank

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Feedzai, the world’s first RiskOps platform for financial risk management, and Al Rajhi Bank Malaysia (ARBM) have announced a partnership which will see Feedzai’s leading RiskOps solution implemented onto the platform.

“We are delighted that Al Rajhi Bank Malaysia has selected Feedzai as a trusted partner. In addition to providing the highest level of financial security for ARBM and its customers, our unified RiskOps platform will ensure that their teams have a single platform to handle everything fraud and financial crime-related,” said Nuno Sebastião, CEO at Feedzai. “By selecting a single, scalable solution that is already trusted by many of the world’s largest banks, Al Rajhi Bank Malaysia will ensure its customers are well protected against financial crime such as money laundering or scams which ultimately erode consumer trust in the financial system.”


Feedzai's Financial Crime Report: Where Is Consumer Fraud Worst? And How Can You Avoid It?

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Florida ranks as the No. 1 state for financial fraud perpetrated on consumers, and Miami stands as the No. 1 tourist city for fraud, according to a study from Feedzai, a financial risk management firm.

In particular, Florida heads the list for in-store debit-card fraud, the report said.

“The number of in-store card transactions showed no significant change [from 2019 to 2021], making the massive spike in card-present fraud attacks particularly noteworthy,” the study said.