Alkami Technology’s Post

Canadian banks are here to make sure their customers’ banking needs are securely met. In this ever-evolving industry, it’s important to safeguard personal and financial information. Whether you’re a small business owner, older Canadian or newcomer, our fraud prevention toolkits are essential in helping you safely navigate financial information. Learn more here: https://ow.ly/c4Zh50TBJFS #CanadasBanksAreOnYourSide

Inspired by a late-night viewing of "Catch Me If You Can," Daniel Shkedi delved into the current state of check fraud within the U.S banking industry, only to find it's not just a thing of the past we base movies off of, but a current and relevant threat. His exploration reveals a staggering increase in check fraud cases, with techniques evolving far beyond Frank Abagnale's day. From "Glass Check Fraud" to sophisticated counterfeit operations, fraudsters exploit the check payment system with alarming sophistication. Yet, there's hope. Direct engagement with customers is a highly effective strategy for financial institutions. By adopting new technologies and fostering open communication, banks can significantly mitigate risks, educating customers on best practices and building a foundation of trust and security. Check out our latest blog post for a look at current check fraud trends and how to combat this growing threat. #CheckFraud #AML

In a digital world where more and more transactions are occurring online, understanding bank fraud is crucial for safeguarding your finances. Fraud can take on many forms and it is important to stay informed and vigilant! http://t.ly/VjT8j #safeguardingfinances

📰 Both challenger and traditional banks must do more to prevent fraud. With fraud now accounting for 36% of reported crime and costing UK customers over £1.17bn in the past year, it's clear that financial institutions face growing challenges. In her latest article in FT Adviser, our Head of Economic Crime, Laura Eshelby, explores: 💳 The increasing threat of authorised push payment (APP) fraud 💳 How banks can prepare for new regulatory scrutiny 💳 The vital role of collaboration, partnerships, and disruption in fighting financial crime 💳 Lessons for challenger banks from recent enforcement actions Read the full article to learn what more needs to be done to protect customers and uphold integrity in the face of rising fraud: https://lnkd.in/eKXxqFJq

🔐 Banker to Banker Connections – Sponsored by SafeBanker® 🔐 Seeking valuable insights on branch security and physical safety for your bank or credit union? Subscribe to our free weekly Banker to Banker email for the latest expert advice and strategies from industry peers. Stay informed and ensure your branch is prepared with all-clear signals and more!

🚫 Don't be fooled by myths! 💳 After over a decade in the industry, we're debunking the misconception that big banks offer the safest payment processing. It's time to set the record straight! 𝗗𝗲𝘀𝗽𝗶𝘁𝗲 𝗰𝗼𝗺𝗺𝗼𝗻 𝗯𝗲𝗹𝗶𝗲𝗳, 𝘀𝗶𝘇𝗲 𝗱𝗼𝗲𝘀𝗻'𝘁 𝗴𝘂𝗮𝗿𝗮𝗻𝘁𝗲𝗲 𝘀𝗲𝗰𝘂𝗿𝗶𝘁𝘆. #securepayments #paymentsolutions #lucidpayments

Our latest ID fraud research has been making headlines across the banking sector. Read the story behind the eye-opening forecast and get the latest must-know ID fraud statistics. 👉 https://ow.ly/Ln5750R13zE #fraudprevention

In CrossFirst Bank's newest article, we go over the latest fraud attempts that are specifically targeting businesses. Make sure you are taking steps to protect your business.

Financial Literacy Tip #3 – Fraud: Understanding different fraud types and common scams as well as how to prevent them will help keep your personal information and bank accounts safe from fraudsters trying to gain access to your money. Learn more about fraud and how to prevent it from happening to you at https://lnkd.in/gGywVNkQ #JoinIN #FinancialLiteracyMonth

Today, the Financial Crimes Enforcement Network (FinCEN) issued a Financial Trend Analysis (FTA) on information linked to identity-related suspicious activity in Bank Secrecy Act (BSA) reports filed in calendar year 2021. FinCEN’s analysis found that approximately 1.6 million reports (42% of the reports filed that year) related to identity—indicating $212 billion in suspicious activity. Below is a link to the Financial Trend Analysis, January 2024 (fincen.gov). Based on my conversations with bank risk leadership in most banks, the authentication technology and business risk processes are not able to detect some fake identities during the new account opening application process. This detailed report backs that up. News Release: https://lnkd.in/d7VwQCFM Financial Trend Analysis: https://lnkd.in/dZ7zikCZ