Wipro’s Post

ISO 20022 goes beyond a new message format, offering a path to streamlined reconciliation and smarter payment routing for financial institutions. Learn how to implement these features to enhance your firm's transaction processing and fraud prevention. #WiproConsulting #ISO20022 #OneWipro #Wipro #Strategy

Protect your finances online! Address verification is a vital tool for financial service providers, offering identity verification, risk assessment, and regulatory compliance. Learn how it safeguards against fraud and enhances customer experiences. Click here: https://lnkd.in/grbTx_RE #fraudprevention #financialsecurity #addressverification #customerexperience #kyc #aml #riskassessment #onlinesafety #financialservices #securetransactions

Protecting your business's financial assets is non-negotiable 🙅 With global transactions on the rise, real-time fraud monitoring and in-portal alerts are essential for ensuring the safety and security of your funds. Don't compromise on this crucial aspect – safeguard your business with a payment provider that prioritizes real-time fraud prevention 🛡️🔐 Learn more: https://bit.ly/47y8eoL #payments #PaymentsSecurity #BusinessGrowth #BusinessStrategy

📈 Check fraud is on the rise, even as check usage declines. According to NICE Actimize's 2024 Fraud Insights Report, check fraud increased by 31% in value year over year. In our latest blog, industry experts discuss why check fraud is booming and share actionable insights on how financial institutions can mitigate these risks. Dive into their perspectives on combating this growing threat. 🔗 Read the full blog here: https://bit.ly/4dnuipT #FraudPrevention #CheckFraud

As digital transactions increase, so do the risks of fraud. Did you know that global losses from fraud amounted to over $5 trillion last year? It's crucial for businesses to stay ahead with robust fraud management systems. Discover how Clarif5 can help you mitigate these risks with our advanced AI-driven solutions. #GetClarified connect@customerxps.com www.clari5.com #enterprisefraud #financialfraud #enterprisefraudmanagement

💡 Did you know that in 2023, while the reported fraud cases saw only a minuscule rise, overall fraud losses soared to over $10 billion. Crazy, right! Have you given any thought to why this happened? But worry not, we've got you covered. Regulo's latest whitepaper breaks down what's happening and offers some excellent strategies to stay ahead of the game. Download it today! Inside, you'll find: 📊 Analysis of Current Fraud Trends 🔍 Understanding the Evolution of Sophisticated Frauds 💼 How Fraud Liability is Shifting to Financial Institutions 🛡️ Discover the SAFE Approach to Combat Fraud #FraudPrevention #Whitepaper #StayAhead #Finance #Insights https://lnkd.in/g2cThpsb

🚨 Invoice Fraud is on the Rise: Is Your Company Protected? 🚨 According to a recent report, the average company loses more than $1 million per year due to invoice fraud. With the growing threat of deepfakes and sophisticated schemes, finance teams are under increasing pressure to identify and stop fraudulent activities. 💡 Key Takeaways: - Invoice fraud costs businesses millions annually. - Advanced technologies like deepfakes are making it harder to detect fraud. - A strong whistleblower program and vigilant finance teams are essential for prevention. #Finance #InvoiceFraud #Deepfakes #Whistleblower #RiskManagement #CFO

Are your compliance analysts spending too much time and effort reviewing, triaging and dispositioning false alerts? Now is the time to start helping them shift the focus on the truly suspicious and put high-risk alerts first. Check out this infographic https://lnkd.in/eZC7xche

Are you performing due diligence when selecting vendors and suppliers?🔎 🔹Check their financial stability, reputation, and credibility. 🔹Be cautious about dealing with new or unknown suppliers, as they may pose a higher risk of fraudulent activities. 🔹Implement strict procurement and payment processes to prevent vendor-related fraud. ➡️ Get more fraud prevention tips and resources on our latest blog: https://lnkd.in/ekmtbqpN #NoseworthyChapman40 #TrustTheNumbers #FraudPreventionMonth #FPM2024

Shield your finances with proactive fraud prevention! 💰 Explore expert tips to strengthen your financial controls and safeguard your assets with our first newsletter of 2024! #FinancialSecurity #FraudPrevention