Galileo Financial Technologies’ Post

To all the fraud fighters, join us on July 24th to discuss emerging fraud trends and threats and what the industry should use and leverage to mitigate it.

 Survey Insights from Last Year's Event! At the 2023 RegTech Unleashed 360: Fraud and Compliance event, we conducted a comprehensive survey with our attendees and the results are in! Here are some of the key takeaways: 🔍 Challenging Financial Crime Patterns in 2023: Cybercrime, money laundering and insider trading topped the list.  💡 Team Structures: Most organizations have integrated Compliance and Fraud Prevention teams.  ✅ Effective Approaches: Advanced analytics and machine learning are seen as the most beneficial in combating modern fraud schemes while staying compliant. 📊 Check out the detailed survey results in our latest carousel post! 📅 Don't miss our next event! Register now: https://lnkd.in/dwZBJQ5e #RegTech #FraudPrevention #Compliance #SurveyResults #Innovation

🚨 Fraud is now the most common crime in the UK, and the regulators are very clear about their expectations: firms must do more. Is your business adequately equipped to handle the upcoming regulatory changes? Do you need support to strengthen your controls? 💻 Join this upcoming FINTRAIL webinar, hosted in partnership with Resistant AI, to learn about the ever-evolving fraud landscape, and the tools and strategies you should be considering to enhance detection and prevention in your financial crime team. 👉🔗 Register here: https://lnkd.in/eC9vjkix 🕵️♀️ Speakers: Seun Oshinusi, Head of Financial Crime Operations, Mettle/NatWest Boxed Ciara Aitchison, Director, Insights, FINTRAIL Helena Wood, Head of Public Policy and Strategic Engagement, Cifas Martin Rehak, CEO, Resistant AI #fraud #amlcompliance #fincrime

Fraud is the #1 crime in the UK and the #FCA & #PSR are done with it being the status quo. FIs can and should do more - join us on *Feb 28th* to learn how (without having to replace your entire TM system)

Protecting your financial health on World Health Day and every day with Fraud.net! Safeguard your accounts, stay secure, and celebrate a world free from financial fraud. #cybersecurity #fraudprevention #fraudmanagement #fightfraud #payments #finance #fintech #banking #security #fraud #ai #machinelearning

🚩 Nearly 75% of the attendees on our ‘Unmasking Fraud’ webinar last month did not feel they were taking a holistic approach to managing fraud risks. Over half of the respondents said they were trying but technology and data continued to be an issue. With fraud occurring on a industrial scale, firms need to have a clear view on their fraud risks and how technology can help them fight back against fraud. 📖 In FINTRAIL's latest white paper, in partnership with Resistant AI, we look at the power of layering fraud controls across the customer lifecycle. Packed with practical examples and case studies, it demonstrates that taking a holistic approach to fraud can provide an effective solution. ✅ We believe continuous improvement is key to the success of fraud prevention. Firms should adopt an iterative approach, regularly reassessing and refining their strategies to stay ahead of emerging threats. 👉🔗 Download the white paper: https://lnkd.in/eEnmTrZG #fraud #fraudprevention #fincrime

I am excited to introduce you to our innovative Fraud Prevention Solutions: TAFraudSentry and FraudXchange. TAFraudSentry utilizes advanced machine learning algorithms and real-time transaction monitoring to proactively detect and prevent fraudulent activities. FraudXchange is a consortium created to empower financial institutions in the battle against fraudulent transactions. Join one of our many upcoming webinars to learn more! #fraudprevention

The internet and digital technology have revolutionized financial transactions, enhancing speed and reach. However, these technological advancements have also opened doors for criminal exploitation. Fortunately, solutions exist to combat such crimes. Explore the insights in the new LSEG Risk Intelligence white paper, "Digital Deception: How technology is changing fraud." Stay informed on the evolving landscape of fraud prevention. https://lnkd.in/euWW2r95 #LSEGRiskIntelligence #FraudPrevention #TechnologyInFinance

📰 Press Release: RiskShield has achieved full FPAD-readiness, reinforcing our commitment to advanced fraud detection and prevention. By integrating with EBA CLEARING’s Fraud Pattern and Anomaly Detection (FPAD) initiative, RiskShield by INFORM can now leverage FPAD's powerful data analytics and anomaly detection capabilities to identify and prevent fraud in real time. According to our SVP Risk & Fraud, Roy Prayikulam, this milestone “is a testament to our unwavering commitment to advancing fraud prevention technology.” 💡 Using advanced algorithms and machine learning to monitor transactions continuously, our solution ensures that any suspicious activities are flagged and dealt with promptly. Our financial crime-fighting team's dedication to staying at the forefront of technological advancements in fraud prevention is what makes RiskShield a trusted partner for financial institutions worldwide. 🌐 For our existing customers, this integration will enhance your current security measures, providing additional protection aligned with new regulatory standards … as we will outline in more detail at our upcoming Networking Event in September in Cologne. Link to press release: https://t1p.de/3h3y8 #FPAD #worldofriskshield #FinancialCrime

Stay ahead of emerging fraud threats with Symcor's innovative COR.IQ fraud detection solutions. Through COR.IQ’s robust line of products—Essential Verify, Instant Verify, and Image Verify—clients can effectively detect and prevent fraud by combining network insights with industry-leading technology. Combined with data analytics and machine learning, our alliance forms a robust network to rapidly detect potential anomalies at scale. Stay tuned to learn more about an exciting addition to the COR.IQ suite of solutions. https://lnkd.in/dXyWsqnX #SymcorSolutions #FraudPreventionMonth #FraudDetection