How to Automate Risk Management and Grow Faster
An effective risk automation platform can both provide a superior customer experience and help your team to identify potential fraud cases quickly.
Real-Time Payments & Fraud Prevention: Transaction Monitoring
Transaction monitoring is pivotal in helping financial institutions (FIs) mitigate financial crimes like fraud and money laundering. By identifying irregular patterns in real-time or near-real-time, transaction monitoring provides an essential line of defense. Automated systems flag suspicious activities, such as excessive transfers or unusual account activity, triggering further investigation or even blocking high-risk transactions.
2024 Beneficial Ownership Rules Explained: How Banks and Credit Unions Can Stay Compliant and Avoid Penalties
In the fight against financial crime, new beneficial ownership rules are becoming increasingly crucial for financial institutions (FIs). Beneficial owners, those who control or own 25% or more of a deposit account, must now be clearly identified and verified. While these regulations may seem cumbersome, they’re essential for curbing money laundering and fraud.
Real-Time Payments Platform, Pidgin, Partners with Effectiv to Help Financial Institutions Mitigate Transaction Fraud
Real-Time Payments Platform, Pidgin, Partners with Effectiv to Help Financial Institutions Mitigate Transaction Fraud
Effectiv Joins Jack Henry Vendor Integration Program (VIP) Enabling Effectiv to integrate with JHA Symitar Core
Effectiv Joins Jack HenryTM Vendor Integration Program (VIP) Enabling Effectiv to integrate with JHA Symitar Core
Fraud Risk Should be Part of Your Risk-Based Pricing Strategy
Risk-based credit pricing can be a great way to expand community-based financial institutions’ loan portfolios while providing the communities they serve with a way to repair credit and obtain needed funding without having to engage with predatory lenders.
Safeguarding Zelle and P2P Transactions with Real-time Fraud Protection
Changes in the financial regulatory environment always bring upheaval, but recent initiatives by United States Senators to reduce P2P transaction fraud could add significant challenges for smaller banks, credit unions, and other financial institutions (FI).
Effectiv and Vouched Partner to Fight Fraud, Stay Compliant and Secure Consumer Identities for Fintechs, Credit Unions and Banks
Effectiv (San Francisco, CA) and Vouched (Seattle, WA) Partner to Fight Fraud, Stay Compliant and Secure Consumer Identities for Fintechs, Credit Unions and Banks
Machine Learning: A Competitive Advantage for Fraud Prevention
In today’s world, the most successful companies work data-driven. The data science and machine learning (ML) advancements over the past ten years are truly remarkable. With breakthroughs in complex statistics and deep learning, companies have more tools and data today than ever – and the best know how to utilize this to their advantage.
How to Drive Top-Line Growth with Fraud Prevention
Identity fraud is a very real—and costly—problem for FIs. While most understand the value of creating a seamless digital experience—as well as its necessity based on consumer demand, they are still trying to figure out how to balance delivering that frictionless experience while reducing fraud without enticing applicants to jump ship.
