Lynx Tech’s Post

𝐉𝐨𝐢𝐧 𝐮𝐬 𝐚𝐭 𝐅𝐢𝐧𝐓𝐞𝐜𝐡 𝐋𝐈𝐕𝐄 𝐋𝐨𝐧𝐝𝐨𝐧 & connect with the world’s biggest fintech leaders over 2 days, featuring key discussions on the future of fintech, including open banking, fraud, payments, AI, and cutting-edge technology. Our CEO, Dan Dica, will be sharing the stage with Russell Fisher, Ben Zion (Bentzi) Aviv and Steve Round at the 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐅𝐨𝐫𝐮𝐦 on October 23 at 10:50 AM. 📅 𝐃𝐨𝐧’𝐭 𝐦𝐢𝐬𝐬 𝐢𝐭: October 22-23, 2024 You’ll have the chance to network with your peers and industry leaders from renowned institutions such as Citi, BNY, Santander, Starling Bank, Bank of England, and many more. Visit our booth to discover how Lynx is revolutionizing fraud detection and 𝐬𝐚𝐯𝐢𝐧𝐠 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐢𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐬 $𝟏.𝟔𝐛𝐧 𝐢𝐧 𝐠𝐫𝐨𝐬𝐬 𝐟𝐫𝐚𝐮𝐝 𝐠𝐥𝐨𝐛𝐚𝐥𝐥𝐲 with AI-powered solutions. Let’s connect and shape the future of banks and PSPs together! #FinTechLIVE #Events #FraudDetection #FinancialCrimeFighters

The 𝐔𝐊'𝐬 𝐀𝐏𝐏 𝐫𝐞𝐢𝐦𝐛𝐮𝐫𝐬𝐞𝐦𝐞𝐧𝐭 𝐩𝐨𝐥𝐢𝐜𝐲 came into effect on Monday mandating reimbursements for victims of APP fraud 𝐮𝐩 𝐭𝐨 £𝟖𝟓,𝟎𝟎𝟎. Our very own Dan Mcloughlin has shared his thoughts with Douglas Blakey, Editor of Electronic Payments International, stating: "𝑇ℎ𝑒 𝑃𝑆𝑅 𝑤𝑎𝑠 𝑤𝑟𝑜𝑛𝑔 𝑡𝑜 𝑙𝑜𝑤𝑒𝑟 𝑡ℎ𝑒 𝑟𝑒𝑖𝑚𝑏𝑢𝑟𝑠𝑒𝑚𝑒𝑛𝑡 𝑐𝑎𝑝 𝑡𝑜 £85,000. 𝑇ℎ𝑒 𝑙𝑜𝑔𝑖𝑐 𝑏𝑒ℎ𝑖𝑛𝑑 𝑡ℎ𝑒 ℎ𝑖𝑔ℎ-𝑣𝑎𝑙𝑢𝑒 𝑐𝑎𝑝 𝑜𝑛 𝑟𝑒𝑖𝑚𝑏𝑢𝑟𝑠𝑒𝑚𝑒𝑛𝑡 – £415,000 – 𝑤𝑎𝑠 𝑐𝑙𝑒𝑎𝑟. 𝐵𝑦 𝑠𝑒𝑡𝑡𝑖𝑛𝑔 𝑎 𝑠𝑢𝑏𝑠𝑡𝑎𝑛𝑡𝑖𝑎𝑙 𝑟𝑒𝑖𝑚𝑏𝑢𝑟𝑠𝑒𝑚𝑒𝑛𝑡 𝑙𝑖𝑚𝑖𝑡, 𝑟𝑒𝑔𝑢𝑙𝑎𝑡𝑜𝑟𝑠 𝑐𝑙𝑒𝑎𝑟𝑙𝑦 𝑠𝑎𝑖𝑑 𝑡𝑜 𝑏𝑎𝑛𝑘𝑠: 𝑝𝑟𝑒𝑣𝑒𝑛𝑡 𝑓𝑟𝑎𝑢𝑑 𝑜𝑟 𝑏𝑒 𝑝𝑟𝑒𝑝𝑎𝑟𝑒𝑑 𝑡𝑜 𝑝𝑎𝑦." Read his full reaction, alongside the thoughts of nine other industry leaders including Kate Frankish at Pay.UK and Ignatius Adjei at KPMG UK, here: https://lnkd.in/d-trfrQs #APPreimbursement #PSR #UK #FinancialCrimeFighter  

𝐍𝐞𝐰 𝐄𝐫𝐚 𝐟𝐨𝐫 𝐀𝐏𝐏𝐅 𝐑𝐞𝐢𝐦𝐛𝐮𝐫𝐬𝐞𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐊: 𝐂𝐡𝐞𝐜𝐤 𝐎𝐮𝐭 𝐎𝐮𝐫 𝐋𝐚𝐭𝐞𝐬𝐭 𝐁𝐥𝐨𝐠 The new APPF reimbursement rules raise several important questions. How will the financial services industry adapt? How will consumers be impacted? What are the implications for preventing fraud, identifying money mules, and stopping money laundering? In our latest blog, we share the 𝐭𝐨𝐩 𝐭𝐡𝐫𝐞𝐞 𝐩𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐨𝐧𝐬 from Lynx’s team of fraud prevention and anti-money laundering experts: - 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐅𝐫𝐚𝐮𝐝 𝐏𝐫𝐞𝐯𝐞𝐧𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐌𝐨𝐧𝐞𝐲 𝐌𝐮𝐥𝐞 𝐃𝐞𝐭𝐞𝐜𝐭𝐢𝐨𝐧 - 𝐁𝐞𝐭𝐭𝐞𝐫 𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐁𝐞𝐭𝐰𝐞𝐞𝐧 𝐅𝐫𝐚𝐮𝐝 𝐏𝐫𝐞𝐯𝐞𝐧𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐀𝐌𝐋 𝐓𝐞𝐚𝐦𝐬 - 𝐇𝐢𝐠𝐡𝐞𝐫 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐀𝐝𝐚𝐩𝐭𝐢𝐯𝐞 𝐀𝐈 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 These predictions are key to understanding how these new regulations will transform the fraud prevention landscape in the UK. 👉 Check out our latest blog post, where our experts Greg H., Alyssa I. and Dan Mcloughlin provide detailed insights https://lnkd.in/dSJk8tKf #FraudPrevention #FinancialCrimeFighters #MoneyMules

𝐆𝐞𝐭 𝐑𝐞𝐚𝐝𝐲, 𝐔𝐊! 𝐓𝐡𝐞 𝟓 𝐌𝐔𝐒𝐓-𝐊𝐍𝐎𝐖 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍𝐒 𝐀𝐛𝐨𝐮𝐭 𝐏𝐒𝐑’𝐬 𝐀𝐏𝐏𝐅 𝐑𝐞𝐢𝐦𝐛𝐮𝐫𝐬𝐞𝐦𝐞𝐧𝐭 𝐑𝐮𝐥𝐞𝐬 𝐓𝐎𝐃𝐀𝐘 marks an important milestone for the 𝐔𝐊! As of 𝐎𝐜𝐭𝐨𝐛𝐞𝐫 𝟕, 𝟐𝟎𝟐𝟒, the new PSR APPF reimbursement requirements are in effect, impacting Payment Service Providers and other institutions. At Lynx, we’ve created a quick guide to help you understand 𝐰𝐡𝐨 is affected, 𝐰𝐡𝐚𝐭 it involves, and 𝐰𝐡𝐚𝐭 you need to know to stay compliant. 📌 𝐖𝐡𝐨 𝐦𝐮𝐬𝐭 𝐜𝐨𝐦𝐩𝐥𝐲? (𝐇𝐢𝐧𝐭: 𝐔𝐊 𝐨𝐧𝐥𝐲) 📌 𝐖𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 𝐢𝐭 𝐢𝐧𝐯𝐨𝐥𝐯𝐞? 📌 𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐞𝐱𝐜𝐞𝐩𝐭𝐢𝐨𝐧𝐬? 📌 𝐖𝐡𝐞𝐧 𝐝𝐨𝐞𝐬 𝐢𝐭 𝐬𝐭𝐚𝐫𝐭? 📌 𝐖𝐡𝐲 𝐢𝐬 𝐢𝐭 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭? These 5 key questions are addressed in our infographic to ensure you're ready for the upcoming regulatory changes and to protect your customers from fraud. Want to dive deeper into how these changes will affect your organization? Check out our latest blog post, where our experts provide detailed insights. 👇 👉 Lynx Experts Predict APPF Reimbursements https://lnkd.in/dSJk8tKf #FraudPrevention #FinancialCrimeFighter #APPF #Compliance #FinancialServices #FraudDetection #RegulatoryCompliance #PSR #ConsumerProtection

𝐉𝐨𝐢𝐧 𝐮𝐬 𝐚𝐭 𝐭𝐡𝐞 Fraud Leaders' Summit 𝐢𝐧 𝐅𝐫𝐚𝐧𝐜𝐞 𝐨𝐧 𝐍𝐨𝐯𝐞𝐦𝐛𝐞𝐫 𝟓𝐭𝐡 & 𝟔𝐭𝐡! We’re excited to host a panel discussion on "𝐒𝐞𝐜𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐅𝐫𝐨𝐧𝐭𝐢𝐞𝐫: 𝐂𝐨𝐧𝐯𝐞𝐫𝐠𝐞𝐧𝐜𝐞 𝐨𝐟 𝐅𝐫𝐚𝐮𝐝 𝐚𝐧𝐝 𝐀𝐌𝐋 𝐢𝐧 𝐭𝐡𝐞 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐀𝐠𝐞." Don’t miss the chance to connect with our experts and discover how we’re leading the fight against fraud and financial crime with cutting-edge AI real-time solutions. 𝐋𝐞𝐭'𝐬 𝐦𝐞𝐞𝐭 𝐚𝐧𝐝 𝐞𝐱𝐩𝐥𝐨𝐫𝐞 𝐡𝐨𝐰 𝐰𝐞 𝐜𝐚𝐧 𝐰𝐨𝐫𝐤 𝐭𝐨𝐠𝐞𝐭𝐡𝐞𝐫 𝐭𝐨 𝐬𝐚𝐟𝐞𝐠𝐮𝐚𝐫𝐝 𝐲𝐨𝐮𝐫 𝐨𝐫𝐠𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧! #FraudPrevention #AML #FinancialCrimeFighters #AI #FraudSummit 

Following our recognition as a category leader in the Chartis’ Fraud Quadrants, our latest blog written by our CEO Dan Dica explores 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐟𝐫𝐚𝐮𝐝 𝐩𝐫𝐞𝐯𝐞𝐧𝐭𝐢𝐨𝐧. Learn how our 𝐧𝐨-𝐜𝐨𝐝𝐞 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 are empowering financial institutions to swiftly and efficiently implement and adapt sophisticated fraud prevention strategies. We are committed to improving the industry’s resilience to financial crime. Are you? 👉 Read the full blog here: https://lnkd.in/d7iqP8RA #Fraudprevention #FinancialCrimeFighters

𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐚 𝐒𝐚𝐟𝐞𝐫 𝐅𝐮𝐭𝐮𝐫𝐞: 𝐋𝐲𝐧𝐱 𝐓𝐞𝐜𝐡 𝐚𝐧𝐝 𝐖𝐞 𝐅𝐢𝐠𝐡𝐭 𝐅𝐫𝐚𝐮𝐝 𝐏𝐚𝐫𝐭𝐧𝐞𝐫 𝐔𝐩 𝐭𝐨 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡𝐞𝐧 𝐎𝐮𝐫 𝐔𝐊 𝐏𝐫𝐞𝐬𝐞𝐧𝐜𝐞! Fraud tactics are becoming more sophisticated by the day. Through our new partnership with We Fight Fraud, we’re bolstering our ability to detect and prevent a wide range of financial crimes, including, fraud detection, 𝐦𝐨𝐧𝐞𝐲 𝐦𝐮𝐥𝐞 𝐝𝐞𝐭𝐞𝐜𝐭𝐢𝐨𝐧, and other emerging threats, all in 𝐫𝐞𝐚𝐥-𝐭𝐢𝐦𝐞.   This collaboration strengthens Lynx Tech’s position in the 𝐔𝐊 𝐦𝐚𝐫𝐤𝐞𝐭, combining We Fight Fraud’s expertise in human vulnerabilities with our 𝐍𝐞𝐱𝐭 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐀𝐈-𝐩𝐨𝐰𝐞𝐫𝐞𝐝 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 to create a comprehensive approach to financial crime prevention.   Together, we’re providing organisations with the tools to stay ahead of the most sophisticated attacks.   👉 𝐉𝐨𝐢𝐧 𝐨𝐮𝐫 𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐧𝐞𝐭𝐰𝐨𝐫𝐤 𝐚𝐧𝐝 𝐟𝐢𝐠𝐡𝐭 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐜𝐫𝐢𝐦𝐞 𝐰𝐢𝐭𝐡 𝐮𝐬! #FinancialCrimeFighter #FraudPrevention #UKPartnership 

LAST CHANCE to register! Tomorrow is the day – join us for our exclusive webinar “Speeding Ahead: Harnessing AI Against the Growing Threat of Money Mules.” We’re excited to have Chris Ainsley from Santander UK sharing a real-world case study on how they’re tackling the growing threat of money mules, and Trace Fooshée, from Datos Insights, providing deep, expert analysis on the latest trends and strategies in financial crime. Time is running out! Secure your spot now to gain invaluable knowledge on protecting your organization from these evolving threats: https://lnkd.in/gdn3zxXf #FinancialCrimeFighter #FraudPrevention #MoneyMules #Webinar

In our latest blog post, Dan Mcloughlin and Sumant Kumar discuss why real-time fraud detection is no longer optional for financial institutions. At Lynx, we’ve developed an AI-driven fraud detection solution that identifies and blocks money muling activities in real time. Our solution helps financial institutions minimize risk, protect customers, and stay compliant with evolving regulations like the Contingent Reimbursement Model (#CRM). By partnering with NTT DATA UK&I, we are revolutionizing fraud detection in the financial services industry, ensuring that banks and other financial institutions across the UK and Europe have access to our advanced, AI-powered solutions. 👉 Read the full blog post here: https://bit.ly/3BhskJA #FraudPrevention #FinancialServices #FinancialCrimeFighters