Posts Tagged ‘Fraud’
Fintechist HSBC Front-Running

HSBC Admits to Front-Running Scheme and Gets a Slap on the Wrist

by JP Buntinxon January 19, 2018
Major banks have a tendency of doing things they shouldn’t. This applies to both US-based and international financial institutions these days. The UK’s HSBC will pay a fee of $100 million due to a front-running indictment. Thanks to a deferred prosecution agreement, they will not face major repercussions. Defrauding two bank clients through a multi-million […]
Fintechist Callcredit AI Fraudulent Loans

Callcredit Taps Azure Machine Learning to Weed out Fraudulent Loan Applications

by JP Buntinxon December 14, 2017
There are many different types of fraud plaguing the financial sector these days. Fraudsters taking out loans in someone else’s name is the most worrisome trend. Unfortunately, it is not easy to detect this activity, let alone prevent it from happening. UK credit reference agency Callcredit may have come up with a solution. They aim […]

Fintechist Barclays Fraud Warning 2017

Barclays Warns Consumers About Heightened Fraud Risks During Christmas Shopping Spree

by JP Buntinxon November 17, 2017
Christmas is almost upon us. Not only is this a joyous holiday, but it’s also a difficult time for retailers all over the world. Barclays, a major bank in the UK, is warning about the high risks of online fraud this holiday season. This warning comes nearly seven weeks in advance, which is pretty unusual. […]
Fintechist Lloyds Banking Group Anti-fraud Questionnaire

Lloyds Banking Group Introduces Questionnaire to Prevent Bank Transfer Fraud

by JP Buntinxon November 2, 2017
The rise of the Internet has introduced many great changes for our society. Not all of those changes turned out positive in the end, though. Especially online fraud is becoming a very big issue these days. Lloyds Banking Group is looking for new ways to address these concerns. Their new online scam-blocker will certainly be […]

Fintechist Ingenico Group Artificial Intelligence

Ingenico Group Taps Artificial Intelligence to Bring Fraud to a Halt

by JP Buntinxon November 2, 2017
Fraud is still one of the biggest problems in the world of finance today. Solving this threat has not been easy by any means Ingenico, a well-respected group in the world of finance, has come up with a new solution. Their latest development introduces artificial intelligence for zero-fraud solutions. It is evident AI will continue […]
Fintechist Dutch Government Webshop Fraud

Dutch Government Will Disable Payments for Fraudulent Web Shops

by JP Buntinxon October 30, 2017
Online shopping has become a common occurrence all over the world. This rise in popularity has not gone by unnoticed whatsoever. However, there is also a growing number of malicious web shops to contend with. In the Netherlands, malicious web shops will be blocked from accepting payments once three payment disputes have been filed. An […]