The holiday season is upon us, bringing with it a surge of shopping, travel, and generosity. Unfortunately, it’s also a time when fraudsters sharpen their tools, exploiting our busy schedules and festive spirit to carry out their schemes. At NICE Actimize, we monitor these trends closely, equipping financial institutions (FIs) with the technology to protect consumers. But knowledge is just as critical as technology—understanding the threats is the first step to avoiding them.
November 25th, 2024
As we move into 2025, the global landscape of fraud continues to evolve, driven by advances in technology, changes in regulatory frameworks, and the increasing ingenuity of fraudsters. As financial institutions (FIs) look to safeguard both their operations and customer trust, understanding emerging threats and strengthening fraud detection capabilities have become critical.
November 15th, 2024
The integration of AI into Anti-Money Laundering (AML) programs has the potential to revolutionize how financial institutions ensure data governance. Generative AI, with its ability to predict, create, and automate, offers unprecedented opportunities to enhance the accuracy and efficiency of AML data. This article explores several ways AI can transform data governance in AML by offering an alternative path for financial institutions to execute on their data strategy, as well as simplify and enhance data management, completeness, quality, and integrity.
November 6th, 2024
NACHA’s new rules kicked in on October 1, 2024, and they’re reshaping how community banks, credit unions, and small to mid-size financial institutions detect and respond to fraud. This isn’t just another policy update—it’s a game-changer aimed at tackling sophisticated credit-push payment fraud schemes. For financial institutions (FIs) that often face resource constraints, this shift demands quick action to stay compliant and protect customers.
November 5th, 2024
Financial institutions (FIs) are facing unprecedented challenges as fraud evolves. As criminals take advantage of new technologies, banks and other financial institutions need to leverage cutting-edge solutions to stay ahead. A proactive approach to fraud prevention, rooted in real-time monitoring, collective intelligence, and advanced analytics, is essential to safeguard customers and their assets.
November 4th, 2024
After a successful executive roundtable this past April, NICE Actimize and Guidepost Solutions hosted another roundtable recently. Over a dozen surveillance heads from the US and EMEA attended the event. Several key takeaways, insights, and trends emerged from the discussions, which are highlighted below.
October 28th, 2024
In the competitive landscape of modern business, achieving operational excellence is a crucial differentiator for any organization striving to stay competitive in an ever-changing environment. One powerful tool that organizations can leverage to achieve this goal is benchmarking. By comparing the organization’s performance metrics to industry metrics, organizations can identify areas for improvement and drive significant enhancements in efficiency and effectiveness.
October 16th, 2024
Shifting fraud dynamics can undermine a financial institution’s current fraud controls. The fraud prevention landscape can change so quickly that it takes constant vigilance to thwart emerging threats.