Feedzai News

AI is the most effective method for improving anti-money laundering (AML) processes and efficiencies according to AML professionals, research from Feedzai, a pioneering provider of financial crime and risk management solutions. AML ecosystem Feedzai’s The State of Global Anti Money Laundering Compliance Report 2023 surveyed compliance professionals to discover what the biggest threats and opportunities are in the AML ecosystem. It found that 46% of AML professionals are concerned ab...

Feedzai, a pioneering provider of financial crime and risk management solutions, announced significant enhancements to its RiskOps Platform, enabling banks to better protect their customers from a wide variety of financial scams. These new Feedzai ScamPrevent™ capabilities deliver industry-pioneering detection, classification, and interception of the widest variety of payment scams and financial fraud typologies. Financial scams are an epidemic growing in both dollar volume and human impa...

Pedro Bizarro, Chief Science Officer,  Feedzai said, “The UK is at a critical inflection point in the AI space. The CMA’s timely review of the market comes as anti-fraud and anti-money laundering leaders are being pushed to embrace AI responsibly and effectively." Collaborative approach "A one size fits all approach to AI regulation simply won’t work in the UK, and so while a collaborative approach across regulators is sensible, the challenge will be ensuring those regul...

Feedzai, the world’s first RiskOps platform for financial risk management, has released its latest report - 'The Human Impact of Fraud and Financial Crime on Customer Trust in Banks'.  The report, based on research of 4,000 consumers in the UK and US, reveals how fraudsters are taking advantage of the widening fraud knowledge gap, outlining the urgent need for banks to educate and protect their customers with technology.  Victims of a financial scam The report reveals that whi...

Feedzai, the world’s first RiskOps platform for financial risk management, has released its latest report - The Human Impact of Fraud and Financial Crime on Customer Trust in Banks.  The report, based on research of 4,000 consumers in the UK and US, reveals how fraudsters are taking advantage of the widening fraud knowledge gap, outlining the urgent need for banks to educate and protect their customers with technology.  Report findings The report reveals that while over h...