AI is becoming central to fraud detection and AML monitoring. For German banks, the real question isn’t whether AI can identify suspicious activity, it’s whether compliance teams can understand, challenge and evidence the decisions it makes. Why the black-box problem matters Part of why that question matters are how fraud actually behaves. Fraudsters rarely stick to the patterns […]
As Vyntra marks ten years of growth in Africa, we’re sharing a reflection on what a decade working alongside African banks has taught us and what the years ahead are likely to demand. The payment and fraud landscape 10 years ago When Vyntra (at the time NetGuardians) opened in Kenya ten years ago, the country had long since made instant payments the default. Driven […]
When you can’t see past your own systems, it’s hard to stop fraud tactics like mule networks and rinsing schemes that are designed to move between banks. You may already know a fraud consortium can help. However, you may have questions about which network to join, how to integrate it, and how your bank can […]
Insights from Vyntra CEO Joel Winteregg on the industrialization of fraud, instant payments, and the future of financial crime prevention Fraud has stopped being an isolated technical problem and become a systemic, board-level risk. That’s the central message from Vyntra CEO Joel Winteregg in a recent interview with Securities.io, where he unpacked how financial crime […]
Originally featured in SecurityBrief UK Fraud Has Industrialised. Is Your Bank Ready? There is a number that should stop every payments professional in their tracks: $442 billion. That is the estimated global loss to scams in a single year — and behind every one of those transactions is an uncomfortable truth. A bank approved it. […]
Canada’s payments infrastructure is entering a more demanding phase. As the real-time rail (RTR) – Canada’s national payments infrastructure that enables instant, irrevocable transfers – moves through testing ahead of its phased launch and ISO 20022 reshapes the flow of payment data, financial institutions are facing a more immediate question: whether their operations are ready […]
Keith Shaw, host of Today in Tech, recently sat down with our CEO Joël Winteregg to discuss how generative AI is reshaping the business fraud landscape.
Money laundering tactics are changing faster, becoming more complex, and getting harder to detect. At the same time, transaction volumes are rising, and real-time payments have reduced the time Anti-Money Laundering (AML) teams have to act. While your bank already has AML transaction monitoring systems in place, these systems are often clunky. They generate high […]
A payment monitoring system becomes a priority when you know payments are getting stuck, but your current monitoring systems can’t show you where or why. You may already have application monitoring, manual checks, or scheduled BI reports in place. However, these only give you part of the picture and come with considerable delays, rather than […]
