AI fraud-mitigation solutions often focus on a few types of fraud and become incapable of spotting new ones – known as ‘overfitting’. Banks need far more instances of fraud than a single bank can possibly supply to avoid this problem. JOËL WINTEREGG says the answer lies in collaboration and the human touch Artificial intelligence in banking has […]
The new virtual banks about to set up shop in Hong Kong need machine-learning technology to protect them, their customers and the regulator from the ever-changing threats posed by cyber-fraud. We are just weeks away from seeing the Hong Kong Monetary Authority (HKMA) issue the first licenses for virtual banks in the territory. These banks […]
With pre-configured adaptors and software, NetGuardians’ fraud-mitigation software could not be easier to implement, allowing banks to prevent more fraud within weeks of signing up, writes Michaël Gingins It takes just a few weeks to install NetGuardians’ fraud mitigation software, upgrading a bank’s protection to best in class not just for now but well into […]
A combination of powerful technologies ensures NetGuardians’ Vyntra|Screener data analytics risk platform can detect and prevent fraud in real time at the volumes required by financial institutions. Jerome Kehrli explains Catching fraudsters in the act of stealing money from bank accounts is a split-second business. A one-second delay and the money has gone. Real-time monitoring, […]
