fraud

Fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law, a criminal law, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong.

How HSBC Uses AI To Boost Its Digital Banking Immune System

February 01, 2019 | Digital Banking

What good is an AI-powered insight if core banking systems do not know how to act on it in real time? In the new Digital...

Patisserie Valerie Saga Finds Fake Invoices

February 01, 2019 | B2B Payments

Ongoing investigations into the £40 million (nearly $52.4 million USD) fraud that felled Patisserie Valerie have found that fake invoices were involved. Elsewhere in the...

BoE Regs Find Accounting Mistakes At Metro Bank

February 01, 2019 | Banking

Metro Bank is dealing with the fallout from the revelation that it misclassified a large number of commercial loans, with many predicting the resignation of some...

Keeping Investment Platforms Free From Fraudsters

January 31, 2019 | AML

How can firms with global ambitions balance a smooth authentication process with rigorous AML efforts? In the inaugural edition of the AML/KYC Tracker, Anthony Couture,...

Fighting Fraud In A Faster Payments Landscape

January 31, 2019 | B2B Payments

NACHA recently released new figures on ACH network volume, revealing earlier this week that Same-Day ACH volume grew 46 percent between Q4 2017 and Q4...