Incorporating artificial intelligence in fraud prevention software is proving successful at stopping fraud. But when it comes to getting the maximum benefit, it’s better for banks to buy from a specialist third party than to try and build their own, writes Michaël GinGins. Banks used to build their own rules-based fraud-prevention engines, seeing vendor software […]
A new smart software to spot more fraud and cut false alerts, helping banks improve customer service and keep a lid on costs. Writes Joël Winteregg. Whether you’re a venture capital-backed neo bank or a digital unit of an established Tier 1 bank, fraud mitigation should be high on your agenda. Once regarded as a […]
The only way banks will prevent phishing attacks is to use cutting-edge technology to build customer profiles so accurate that they can detect fraudsters impersonating them, writes Joël Winteregg. At the end of last year, a group of fraudsters helped themselves to a bumper early Christmas present – at the expense of more than 450 […]
In 2021, in order to counter the creativity of fraudsters, Lombard Odier decided to raise their game and become even more innovative by leveraging the best of technology such as artificial intelligence (AI). They partnered with NetGuardians to detect both established and emerging on-line payment fraud patterns. Lombard Odier’s Managing Partner Alexandre Zeller interviewed our Co-Founder & […]
It’s a basic rule in data science: when precision and accuracy are required for fraud prevention, make sure you choose the algorithm appropriate to a bank’s data sets and needs. A complex algorithm does not mean better; a simple algorithm does not mean worse, writes Dr. Vivien Bonvin. Not so long ago, a Tier 2 […]
NetGuardians overcomes the problems of analyzing billions of pieces of data in real time with a unique combination of technologies to offer unbeatable fraud detection and efficient transaction monitoring without undermining the customer experience or the operational efficiency and security in an enterprise-ready solution, writes Jérôme Kehrli When it comes to data analytics, the more […]
Software that focuses on transactions rather than staff behavior to spot and stop internal fraud avoids the problem of personalizing fraud risk, which can demotivate staff and put off new recruits. What’s more, it’s better at preventing fraud, writes Sandy Lavorel. Opportunity makes the thief. Worryingly, Covid-19 has provided the opportunity for many, including a […]
Jérôme Kehrli explains 3D AI and the three pillars of supervised, unsupervised and ADAPTIVE learning that lie behind the award-winning software’s market-beating performance when it comes to defeating the fraudsters Whenever our software is run head-to-head in a pitch situation against that of our rivals, we always come out top. We always find more fraud […]
Only smart, AI-driven software that monitors transactions in real time can hope to deliver the level of protection required to stop fraudsters exploiting the opportunity instant payments afford them. Just as consumers and corporates like instant payments for their speed and irrevocability, so do fraudsters. They know funds transferred to them are available instantly and […]
