Women in Science, 5 things banks can do right now to prevent fraud, and how banks can start to detect money laundering activity!

In July we opened applications to Feedzai's program 'Women in Science' that awarded MSc & Ph.D. scholarships to support four women continuing to pursue their studies at Instituto Superior Tecnico.

5 Things Banks Can Do Right Now to Prevent Fraud

All this week, you’ve heard stories about how fraud takes a toll on real people through?scams,?identity theft, account takeover attacks, and?more. But while Fraud Week is winding down, it’s important for banks to incorporate the lessons learned this week into their own?fraud prevention?efforts. What can financial institutions do right now to better protect their organizations and their customers from fraud??Feedzai’s Andy Renshaw outlines a five-step action plan that financial institutions can implement right away to prevent fraud. Read more

Where There’s Fraud, There’s Money Laundering

Criminals use a wide array of fraud tactics to steal other people’s money. But what can criminals do with the money that they obtained fraudulently? They’ll need to launder the money into legitimate banking channels in order to profit from their activities. For this reason, argues Feedzai’s Brian Ferro, banks and financial institutions must think of fraud and?anti-money laundering (AML) as supporting goals. Learn how banks can start to detect money laundering activity at the onboarding stage during?know your customer (KYC) and customer due diligence (CDD)?at customer onboarding – and beyond. Read more