Check Fraud: The Need for a Complete Picture of Risk

October 10, 2024 by Colin Parsons

The financial industry is struggling to solve check fraud using an incomplete picture of risk. New reports from regulatory bodies and economic leaders continue to highlight the significant impact of this legacy fraud channel. As criminal activity migrates to more... 

Check Fraud: A New Approach to a Persistent Problem

In 2023, check fraud accounted for $26.6 billion in losses globally, with 80% impacting customers across the Americas. Every element on a check gives fraudsters... 

Check Fraud: A New Approach to a Persistent Problem

Originally Presented: September 26, 2024

In 2023, check fraud accounted for $26.6 billion in losses globally, with 80% impacting customers across the Americas. Every element on a check gives fraudsters... 

Stolen Check Fraud: Four Insights from FinCEN’s Latest Analysis

September 19, 2024 by Nasdaq Verafin

Check fraud continues to challenge financial institutions across the United States. Nasdaq found that in 2023, check fraud losses totaled $21 billion in the Americas, representing nearly 80% of total global check fraud losses. In response to rising concerns around... 

Machine Learning: A New Frontier in Fraud Detection

In the fight against financial crime, quality data makes all the difference. With constantly evolving fraud scams, financial institutions need solutions that can improve fraud... 

Machine Learning: A New Frontier in Fraud Detection

Originally Presented: August 28, 2024

In the fight against financial crime, quality data makes all the difference. With constantly evolving fraud scams, financial institutions need solutions that can improve fraud... 

Consortium Analytics and Machine Learning: A New Frontier in Check Fraud Detection

July 11, 2024 by Colin Parsons

The financial industry has been tackling the issue of check fraud for many years using outdated technology and siloed approaches. With the increase in check fraud, estimated at over $26 billion in losses globally, we need a new solution that... 

Payments Fraud: Collaborating to Combat an Industry Challenge

Financial institutions are struggling to stay ahead of evolving scams on multiple payment rails, from wire to ACH, instant payments and check, with criminals leaning... 

Consortium Analytics

Criminals take advantage of the speed at which money moves, from instant payments to long check clearing processes – time is often their biggest advantage.... 

Consortium Analytics: Stopping Fraud in New and Legacy Payment Channels

Originally Presented: July 10, 2024

Criminals take advantage of the speed at which money moves, from instant payments to long check clearing processes – time is often their biggest advantage....