5 Tips for Banks to Prevent Fraud Right Now
You’ve heard stories about how fraud affects real people through scams, identity theft, account takeover attacks, and other means. What can financial institutions do right now to protect their businesses and customers from fraud? 1. Keep Fraud Prevention Education Up to Date Banks can keep their customers’ education up to date. Make […]
How to Make BNPL Platforms More Secure for Merchants
Customers enjoy the buy now, pay later (BNPL) market because it allows them to make flexible payments. Merchants love BNPL because it allows them to increase their basket values by allowing them to sell more expensive or high-end products to more customers who are willing to pay over time. Consumers and merchants aren’t the only […]
How New Tech Eases the Burden on Fraud Teams
Because it is a low-risk, high-reward endeavor, online banking fraud has grown into a massive industry for cybercriminals. The sheer volume of alerts received by banks and other financial institutions overwhelms compliance teams. The volume of false positives and negatives generated by traditional anti-fraud solutions exacerbates the situation. A new approach is urgently needed to […]
OMNIO Partners Up With SightSpan
We are excited to announce that we have partnered with SightSpan. The partnership adds a new layer of market-leading compliance and advisory capabilities to OMNIO’s revolutionary compliance CRM platform. The OMNIO platform will be added to SightSpan’s existing and proven compliance offerings as part of the collaboration. Together, OMNIO and SightSpan will help financial institutions […]
What is the Difference Between KYC and AML?
Anti-money laundering (AML) regulations are mandated by both national and international authorities worldwide, and financial institutions are subject to a wide range of screening and monitoring obligations. These AML obligations include the Know Your Customer (KYC) process, which allows businesses to identify and understand their customers’ financial behavior. However, because the terms KYC and AML […]
4 Advanced ATO Techniques You Should Be Aware of
Account takeover (ATO) is commonly thought of as a fraudster using someone’s genuine but stolen credentials to access and steal funds from their online account. However, technological advancements, combined with the increasing sophistication of cybercrime and organized crime gangs, are spawning new, more complex ATO techniques. One of these methods is impersonating or manipulating legitimate […]
Fraud: The New Language of Love
For most people, falling in love is the most exciting feeling in the world. But love also asks a lot of us, requiring us to prioritize the needs of others over our own—a task that requires commitment, courage, and, at times, the most difficult of all: vulnerability. But what if someone took advantage of that […]
How to Solve the Challenges of Sanction Screening
For financial institutions, the sanctions landscape is a minefield. It is not enough to be aware of the risks and dangers associated with violating sanctions regulations. It’s a one-sided game. As a result, using sanction screening solutions is now more important than ever. Screening against sanctions watchlists can often feel opaque for financial institutions, with […]
OMNIO Named Among the Top AI Companies in the Balkans
We are thrilled to announce we have been featured in the Best Startup EU Magazine as one of “80 Top Artificial Intelligence Startups and Companies in The Balkans”. OMNIO was selected due to exceptional performance in one of the following categories: Innovation Innovative ideas Innovative route to market Innovative product Growth Exceptional growth Exceptional growth […]
The Costs of Compliance
To keep up with the rising tide of regulation, businesses frequently have no choice but to throw more people, time, and resources at the problem, which can quickly add up. In this article, we will discuss the rising costs of compliance and non-compliance for financial firms, as well as how OMNIO can help to reduce […]
