Financial Crime Prevention

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How to beat fraud and be PSD2 compliant with NetGuardians

NetGuardians’ state-of-the-art fraud mitigation solution not only accurately analyzes the risk of every bank transaction but also makes fraud reporting simple, helping banks meet the key fraud requirements of PSD2, writes Sandy Lavorel Banks across Europe have less than a couple of months left to prepare for the second Payment Services Directive (PSD2), which comes […]

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How to overcome overfitting in machine learning based fraud mitigation for banks

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 […]

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Real-time fraud mitigation for Hong Kong’s virtual banks

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 […]

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What to expect when implementing NetGuardians

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 […]

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Making real-time fraud detection and prevention possible

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, […]