Feedzai

Banking is shifting to online, making it more important than ever to trust a customer you've never met in person. Understanding the risks of application fraud is vital for every financial institution. Join Feedzai’s JD Devenyns and Thomson Reuters' Aaron Marks in an engaging webinar where they’ll share strategies to shield your bank from the moment of onboarding. Secure your spot today! #Fraud #FraudPrevention #FinancialServices https://hubs.la/Q02NRs9c0

If a fraud solution provider is boasting about their latency numbers, be cautious—it’s easy to be misled. Latency is simply the time it takes to complete a task. It can be measured in two ways: average latency and percentile latency. Average latency is straightforward, but percentile latency is more revealing. Even a few slow transactions can drastically skew the results, as Feedzai's Chief Science Officer Pedro Bizarro points out. For example, in a system processing 100 million transactions, 99.95% might have a latency of 20 milliseconds, but if 0.05% spike to 500 milliseconds for just 50 seconds, the average barely changes, while the 99.95% percentile jumps to 500 milliseconds. This shows how even brief slowdowns can significantly affect metrics, making percentile latency a better indicator of system quality. Also, consider what type of latency is being measured—server, network? To truly evaluate performance, you need to look at both percentile latency and communication costs. #fraudprevention #riskmanagement #computerscience

Good insights from Daniel Holmes!

Fraud prevention isn't just a battle—it's an evolving science. As fraudsters get smarter and payment methods grow more complex, the challenge for banks isn’t just to keep up—it’s to stay ahead. So how can you ensure your strategies are cutting-edge, effective, and resilient? We’re excited to share an in-depth case study that spotlights the most innovative fraud prevention solutions recognized in the 2024 Impact Awards, including Feedzai and Form3’s award for Best Scam and APP Fraud Prevention Innovation. This isn’t just another report; it’s a look inside the strategies that leading financial institutions are using right now to tackle APP fraud, boost customer trust, and streamline operations. Here’s what you’ll find: - Real-world examples of how top banks are reducing fraud risk across all channels. - Actionable insights on leveraging AI and machine learning for real-time fraud detection. - Practical tips on balancing strong security with a seamless customer experience. - This case study is a must-read for anyone committed to safeguarding their institution against the latest fraud threats. Get your hands on these insights now: https://hubs.la/Q02MrCmS0 Let’s keep pushing the boundaries of what’s possible in fraud prevention—together.

Is your bank ready for the digital-first future? Get insights from global organizations into how to protect your bank from new account fraud. JD Devenyns from Feedzai and Aaron Marks from Thomson Reuters outline key strategies to prevent application fraud before it impacts your business. Register now! #Fraud #FraudPrevention #FinancialServices

We hope you had an amazing August and are looking forward to months ahead! Take the time to read our new Feedzai Spotlight Newsletter. #hiring #culture #fintech

As summer winds down, catch an exclusive sneak peek of our new podcast, FraudBytes! FraudBytes explores the dynamic world of fraud trends, financial crime, regulations, and technological advancements in the banking sector. Each 20-minute episode delivers expert insights from global leaders, offering a unique comparative analysis. Our specialists share real-world experiences and their work with major banks, unveiling the latest developments and challenges across different regions. This compelling perspective highlights both regional differences and the shared goals that drive innovative fraud prevention strategies worldwide. In the preview episode, Daniel Holmes and Lenny Gusel dive into the US and UK perspectives on the surge in call center fraud, the potential role of AI in combating it, the critical importance of accurate fraud labeling, and more. Whether you’re listening on Spotify, YouTube, or Apple Podcasts, FraudBytes is your go-to source for staying informed and ahead of the curve. 🔗👇 #fraudprevention #bankingindustry #podcast

The Feedzai team is thrilled to be a part of yet another invaluable Datos Insights Financial Crime & Cybersecurity Forum! Our team is busy networking in the exhibit hall and our own Lenny Gusel lent his expertise to a panel on how the latest advancements in fraud analytics can keep banks ahead of fraudsters' evolving tactics. Plus, Feedzai is proud to be hosting tonight’s Fraud Council dinner. We hope our fellow attendees are enjoying this event as much as we are! #FinancialServices #FraudPrevention #AI #Innovation #Banking

Cash flow is critical for many businesses! When merchants can’t easily access their funds, they struggle to pay vendors, employees, utility bills, and other essential expenses. That’s where acquiring banks come into play, playing a pivotal role in ensuring a smooth cash flow. But there’s a delicate balance. While acquirers want to keep merchants happy and quickly approve payouts, they risk heavy losses if a merchant’s risk profile suddenly changes. Feezdai’s Tiffany Ha outlines why Dynamic Risk Assessment keeps acquirers safe from risky merchants while helping businesses keep their lights on and their doors open. #Business #RiskManagement #RiskAssessment #Fraud #FraudPrevention https://hubs.la/Q02MxfHp0

Trust in a Digital World: Can Banks Afford to Get It Wrong? If fraudsters are able to open accounts, they can cause all kinds of havoc. That’s why organizations need to understand the often-overlooked consequences fake accounts can take. Join us for an insightful webinar with Feedzai’s John Devenyns and Thomson Reuters' Aaron Marks. Discover actionable strategies to prevent application fraud before it impacts your bottom line. Register now! #Fraud #FraudPrevention #FinancialServices