BlogFrom the Cloud: Deep Insights into Wire Fraud TrendsMarch 15, 2023 by Nasdaq Verafin Payment fraud is a challenge that is pervasive in the financial industry, and a threat to financial institutions of all sizes. As the talk of a liability shift for consumer-related payment fraud gains momentum within regulatory spheres, additional pressure is... |
BlogFraud Trends and Technology 2022January 30, 2023 by Colin Parsons |
BlogAML Trends and Technology 2022January 27, 2023 by Bill Heys |
BlogFraudsters Focusing on Higher Value Wire ScamsJanuary 18, 2023 by Nasdaq Verafin Payments fraud is an increasingly complex threat to financial institutions and consumers alike. As wire fraud attempts surge against individuals, especially for seniors, there is a growing debate surrounding mandatory victim reimbursements for Authorized Push Payment (APP) fraud. With a... |
BlogCounterparty Resolution Provides a Complete View of Your CustomerDecember 5, 2022 by Nasdaq Verafin Fundamentally, AML investigations seek to resolve the question of where money is coming from and where it goes. Examiners strive to identify, evaluate, and report all suspicious activity. The FFIEC’s overview of suspicious activity states a suspicious transaction can include... |
Blog12 Red Flags for Elder Financial ExploitationNovember 9, 2022 by Colin Parsons “Financial institutions serve on the frontlines in protecting their older customers’ finances, and can play a critical role in helping to identify, prevent, and report suspected elder financial exploitation. Financial institutions’ vigilance matters. Their reporting matters.” – Himamauli Das, FinCEN... |
BlogLiable? Consortium Solutions to Payments Fraud ChangeOctober 28, 2022 by Nasdaq Verafin Payments fraud is a major challenge across the financial industry — and with it has grown a significant call for legislative change. Concern over consumer-focused Authorized Push Payment (APP) scams has prompted proposals for mandatory victim reimbursement in the United... |
BlogFighting Fraud with the Verafin CloudSeptember 30, 2022 by Nasdaq Verafin The industry leader in financial crime management, Verafin is offering trends and benchmarking statistics for wire fraud and related scams – allowing for unparalleled insight into new and emerging trends. We have gathered insights into key fraud trends by analyzing... |
BlogDisorganized Data: How Unresolved Entities Complicate AML InvestigationsSeptember 22, 2022 by Nasdaq Verafin From savings accounts and credit cards to online banking and P2P payments such as Zelle, today’s financial institutions offer more products and services than ever before. There are dozens of product lines and service providers, and each product may require... |
BlogFour Ways Data Creates Challenges for AML InvestigatorsSeptember 14, 2022 by Nasdaq Verafin From BSA Officers to Complex Investigations teams, efficiency in AML investigations is a challenge. The consumer banking market is changing. FinTechs are quickly on the rise. Financial institutions are being pushed to adapt to consumer demands for frictionless banking at... |
