Hawk

Hawk Adds New Funding Amid Demand for AI-Powered Crime Fighting
Hawk Adds New Funding Amid Demand for AI-Powered Crime Fighting
June 11, 2024  |  Investments

Hawk is raising funds to support increasing demand for artificial intelligence (AI)-powered anti-financial crime technology. The company on Tuesday (June 11) announced the extension of its Series B...

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43% of Fraudulent Transactions That Hit FIs Are Authorized
43% of Fraudulent Transactions That Hit FIs Are Authorized
June 07, 2024  |  Fraud Prevention

When it comes to payments fraud, the Federal Reserve actually splits the crime into two categories: authorized and unauthorized fraud. While unauthorized fraud — which...

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52% of FIs Plan to Lean on ML and AI to Combat Fraud
52% of FIs Plan to Lean on ML and AI to Combat Fraud
May 22, 2024  |  artificial intelligence

In the seemingly never-ending war to protect their customers and institutions from fraud, an increasing number of financial institutions (FIs) are deploying machine learning (ML)...

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New Report: Authorized Fraud Scams Damaging to Bank-Customer Relationships
New Report: Authorized Fraud Scams Damaging to Bank-Customer Relationships
May 09, 2024  |  Fraud Prevention

Despite ongoing efforts to educate consumers on protecting themselves against financial crime, increasing authorized fraud and scam instances are nightmares for banks and their customers....

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