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Artificial intelligence is not something new. In fact, Ai has been around for over 80 years now. But as the decades have passed, Ai has truly blossomed, offering incredible solutions for almost [...]

Last year, well over half of all financial institutions lost more than $500,000 to fraud. However, for the credit union industry, it was even worse.

Healthcare fraud is a serious crime that affects individuals, taxpayers, insurance companies, healthcare providers and businesses in challenging ways. The National Health Care Anti-Fraud [...]

Treasury & Risk’s 2023 Payments Fraud Survey has been released. Not surprisingly, the facts revealed within it show payments fraud remains a serious risk to institutions, while traditional [...]

If your institution lost more than $500,000 to fraud last year, you’re not alone. In fact, a recent survey of 251 financial institutions showed a shockingly high 70% of them lost over $500K to [...]

Financial institutions may be in big trouble. For years now, the industry has been trying to keep a dangerous secret away from the public. It’s a secret that could cause a major shakeup in the [...]

The long-awaited launch of FedNow is almost here. This July, the instant, 24/7/365 payments and money transfer system will be implemented. While this is great news for consumers and small [...]

But Can This Ai Technology Finally Help Put an End to It? Fraud and risk teams at banks and credit unions have had enough. Since at least 2020, there’s been a parabolic increase in all forms of [...]

2022 was a banner year for financial criminals, and a terrible year for risk and fraud management teams. More money was stolen from banks and credit unions last year than perhaps any other year [...]

Fraud is a serious issue plaguing financial institutions. The Federal Trade Commission (FTC) reports that consumers lost a whopping $5.8 billion to fraud in 2021 alone. But while the numbers for [...]