Unlock the Power of Buy2Build in Fraud Prevention: A Guide for Financial Institutions

As financial institutions face increasing digital threats and regulatory pressures, they are looking for a new approach to building customer-driven fraud solutions using the power of AI. Enter Buy2Build.

Our comprehensive guide, Buying to Build: Al Fraud Prevention Platforms, provides essential insights into how you can leverage Buy2Build to enhance your fraud prevention capabilities, reduce costs, and protect your customers.

In this exclusive guide, you’ll learn:

• How a hybrid “Buy2Build” approach combines the best of both a ready-made platform with building an Al fraud prevention solution in-house.
• Key considerations for choosing the right Al platform.
• How Feedzai’s RiskOps platform outperforms market alternatives with advanced Al technologies, flexibility, and continuous innovation.

Embrace the Faster Payments Future

Faster payments hold incredible promise for commerce. For consumers, there’s the near-instant gratification of getting paid or paying important bills. Meanwhile, businesses can enjoy streamlined transactions and a steady cash flow. Regulators can enjoy the economic benefits of financial stability.

However, the advanced speed of payments also creates a complex challenge for banks and financial institutions as they seek to keep real-time payments (RTP) safe. This situation puts the bank’s entire fraud department under immense pressure as they seek to balance real-time payments with real-time decisions, stop fraudsters from exploiting the speed of RTP, and rapidly resolve fraud alerts.

Our new eBook, Faster Payments, Evolving Threats: A Strategy Guide for Banks, is a guide for fraud leaders within financial institutions to successfully navigate the complexities of real-time payments. Read the eBook to learn:

• How real-time payments change the dynamics for fraud teams
• Strategies for combating authorized fraud (scams)
• Operational efficiency and advanced fraud prevention techniques
• How to build a comprehensive, multi-layered fraud defence framework
• How to future-proof fraud prevention efforts

Download the eBook!

According to UK Finance, criminals stole an estimated £1.168 billion through authorised and unauthorised fraud in the UK. This is a stark reminder that the evolving nature of fraud demands a holistic approach. Siloes within fraud prevention strategies are a thing of the past.  We need to consider the entire customer journey across all channels to truly mitigate risk and minimize losses.

Banks and financial institutions can do just that with inbound payment monitoring, an advanced, proactive strategy poised to transform how banks detect, prevent, and manage fraud.

Our new eBook, Unlock Fraud Prevention and Profitability Success with Inbound Payment Monitoring, provides a navigational chart through the complexities of inbound payment monitoring. Download the guide to learn:

• How banks can enable a holistic view of customer activity by breaking down internal siloes
• Advanced analytics and techniques for more effective fraud detection
• The most effective approach for implementing inbound payment monitoring
• How monitoring incoming transitions can uncover mule networks

Download the guide!

Accelerate Digital Transformation and Conquer Fraud Risks in Canadian Banking

Unlock the full potential of your Canadian bank’s digital transformation. Navigate evolving regulations, legacy challenges, and fraud threats with confidence. Our guide reveals the essential roadmap to success.

Don’t let fears of costly mistakes or overlooked channels stall your progress. This guide equips you with the knowledge to embrace omnichannel strategies, optimize digital banking, and future-proof your institution.

Our new eBook, Future-Proofing Canada’s Banks: A Digital Transformation Guide, is your actionable guide to de-risking innovation and enhancing customer experiences.

• Learn how to achieve an omnichannel view of risk for superior fraud prevention.
• Get expert insights and critical questions to ask when assessing potential technology partners.
• Discover the critical steps for a smooth and successful digital evolution.

Download Your Essential Digital Transformation Roadmap Now!

Fraud costs banks billions annually. Fraudsters exploit new digital channels and traditional banking methods with alarming success.  Banks need a new strategy.

Fighting fraud with outdated, channel-based tools leaves your bank exposed. Inbound payment monitoring gives you the complete fraud picture you need to secure your institution and customers.

Our new eBook, How to Maximize Fraud Prevention and Profitability with Inbound Payment Monitoring, details how adding inbound payment monitoring helps financial institutions:

• Identify fraudulent transactions in real-time
• Reduce check fraud and account takeover fraud losses
• Ensure frictionless transactions for good customers

Download the ebook!

Learn how to proactively identify mule accounts, reduce fraud losses, and comply with upcoming Singaporean regulations.

Singapore’s push to crack down on money laundering makes inbound fraud detection more critical than ever. Banks face mounting pressure to identify mule accounts proactively. Don’t be caught unprepared.

Optimize fraud prevention with a holistic 3-in-1 approach:

• Account Opening: Uncover red flags and prevent mule account creation at the source.
• Ongoing Monitoring: Machine learning detects behavioral signs that good accounts have “gone bad.”
• Inbound Payment Analysis: Real-time analysis to freeze suspicious inbound funds, blocking mule activity.Download the report to make your machine learning vendor selection process as smooth and informed as possible.

Results Gained From Feedzai’s Approach:

Learn how Feedzai implemented the 3-in-1 approach to help a top European bank targeted by a cybercriminal gang that used the bank as a clearinghouse.

• Our BionicID technology unraveled the mule network, blocking fraudulent accounts and aiding investigations.
• Over 400 mule accounts shut down, saving the bank significant losses.

Protect Your Bank Today – Download the Solution Guide to Protect

The ultimate guide to selecting a machine learning vendor to fight fraud and financial crime.

Financial institutions understand the importance of providing a top-notch customer experience. At the same time, they can’t afford to let fraudsters blend in among legitimate customers or give money launderers a safe haven. Machine learning is the best solution to deliver on both of these priorities.

But how can you be certain you’re working with the right machine learning vendor for your business? Our eBook, How to Choose a Machine Learning Platform to Detect and Prevent Financial Crime, guides your machine learning supplier selection process.

Download the eBook to learn:

• The nine most important questions to ask a vendor – including if the system is future-proof and how it explains risk scores.
• Red flags to watch for, such as built-in limits and vendors that focus on sales over partnerships and support systems.
• How to ensure artificial intelligence systems make fair and ethical decisions for your customers.

Download the report to make your machine learning vendor selection process as smooth and informed as possible.

Why Stopping Money Mules is Critical to Stopping Financial Crime

While they might seem like small players in the overall fraud landscape, money mules are critical actors that ultimately deliver stolen funds to criminals.

Halting money mule activity is a crucial step in the fight against fraud. In other words, if banks can stop the money mules, they will stop the fraud.

Unfortunately, the money mule threat appears to be growing worse. A recent survey found two-thirds of US and UK respondents had been approached about being a money mule. Our new eBook, Catch the Money Mules, Stop the Fraud, provides a deep dive into the important role of money mules in facilitating financial crime and how banks can use inbound payment monitoring to stop mules.

Download the eBook to learn:

• the human impact of money mules
• how money mules fit into the fraud and financial crime lifecycle
• the role of inbound payment monitoring in fighting money mules
• the unintended consequences of inbound payment monitoring for legitimate customers

Download the eBook!

The Comprehensive Guide to Scam Prevention for Banks

In the relentless pursuit of safeguarding customer accounts, banks have forced bad actors to pivot towards a new target: the customers themselves. The consequence? An alarming surge in scams, driven by cunning tactics and growing sophistication.

Scams wear many disguises, all rooted in deception. From phishing emails and persuasive texts to trick websites, scammers manipulate victims into making fraudulent transfers using a wide range of impersonation tactics. Download our eBook to understand the anatomy of some of the most harmful scams and how banks can defend themselves and their customers against these schemes.

Get critical insights into:

• elderly/senior citizen scams
• romance scams
• unemployment scams
• tax refund scams
• Facebook marketplace scams

While scams may come in different forms, they all have deception in common. Scammers have no shortage of schemes to trick their targets. Banks must understand how different scams operate to keep their customers safe and earn their trust.

How Banks Can Address the Psychological Damage from Scams

Trust was once the unshakeable bedrock of customer-bank relationships. But today, in an era riddled with crafty and increasingly complex authorized push payments (APP) scams, customer trust faces unprecedented threats. If left unprotected, this critical bond could be severely undermined and, along with it, bank revenues.

Scams are about more than financial losses. They also inflict deep emotional and psychological stress on victims. If banks don’t respond correctly following a scam, it could seriously damage the relationship. Banks need to be able to empathize with customers who have fallen victim to scams by asking themselves, “What do customers expect from us?” Our new eBook, Protecting Customer Trust: Battling APP Scams for Revenue Growth, offers a strategic roadmap for banks to comprehend the impacts of scams on their customers and how to meet their expectations after an authorized fraud event.

Download the eBook to learn more about:

• the psychological impact of scams on customer trust, drawn from a victim’s personal experience
• the different types of scams fueling $55 billion in global losses
• steps banks can take to measure and protect customer trust
• how a multi-layered approach to fraud and APP scams can protect customer trust