Fighting Financial Crime Using AI

Artificial Intelligence

Fighting financial fraud often feels like an uphill battle, and the battle is only becoming harder According to a PwC analysis, nearly half of the organizations polled – 47 percent – had encountered fraud in the previous two years. This comes at a hefty price: $42 billion in total. And it appears that financial fraud […]

How Fraudsters Exploit Social Engineering

Ro Paddock, the head of anti-financial crime at Fourthline, explains why social engineering is at the root of most financial fraud involving consumers. The term “social engineering” may sound like something out of a behavioral psychology textbook, but it is a real and present danger to citizens and financial institutions all over the world. Indeed, […]

5 Key Elements of a Powerful Compliance Program

Having an adequate AML/CTF program is one the most important, yet often dreaded, things for FinTech enterprises, especially if they fall under the radar of the big regulators such as FCA, ASIC and NFA. In this swiftly changing industry, companies should be constantly on the lookout for ways to enhance and strengthen their programs, hence […]