Reports of financial crimes against the elderly are on the rise. Now, a startling $3 billion is swindled from our most vulnerable citizens each year. But while many of these frauds are initiated [...]
ToolCASE, the banking industry’s leader in artificial intelligence-backed fraud detection and prevention, has received hundreds of questions about the capabilities of its real-time RembrandtAI [...]
ToolCASE has compiled its final report on full-year fraud statistics for 2021, and the facts are startling. Even as the pandemic waned, and many frauds associated with PII theft and COVID relief [...]
The Most Remarkable, Real-Time Fraud Detection and Prevention System Ever Created Over $240 million in fraud prevented Over 1.5 billion transactions processed Full ROI within weeks [...]
A new report from the office of Senator Elizabeth Warren has revealed what many in the banking industry already know. Zelle fraud is on the rise, and unless proactive, cost-effective steps are [...]
Small credit unions and banks are now at the highest risk, perhaps ever, of fraud attacks and subsequent financial losses. Recent reports show that fraud incursions have increased by 71% at small [...]
The Federal Reserve has announced a new, narrow launch window for its FedNow real-time payments service. After years of development, testing, pilot programs and delays, FedNow will officially go [...]
In 2020, the FBI arrested an Amazon employee after issuing more than $96,000 in fraudulent refunds. To achieve this fraud, the Amazon insider created multiple buyer accounts to purchase [...]
