Fraud Alert
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Most fraud programs were assembled, not designed. One point solution at a time, each added when a new problem became impossible to ignore. The best onboarding tool, the best transaction monitoring solution, the best AML screener, each chosen deliberately, and every choice defensible on its own. But the stack that made sense at Series A …
A product manager, an engineer and a designer walk into a launch review. A new payment rail is scheduled to ship in three weeks, and nobody at the table works in fraud. The punchline lands a quarter later, as a loss. Every fintech product launch creates revenue and risk in the same motion. Revenue gets …
The Office of the Comptroller of the Currency (OCC) denied a national trust bank charter on July 21 and for bunq, another full-service national bank charter on August 4. In a bulletin issued June 17, the OCC said it “plans to make all denial decisions public” so that industry can see “how the OCC has …
Every eCommerce merchant closely tracks its chargeback ratio, and for good reason. Card networks set the thresholds; acquirers enforce them and breach programs, like Visa’s Dispute Monitoring Program, bring fines, monitoring and mandatory remediation plans. The signals are clear, the consequences tangible and the reporting precise enough to act on. But that precision comes with …
Generous return policies have earned their place as a reliable growth lever. They reduce purchase hesitation, lift conversion rates and build loyalty that compounds over a customer’s lifetime. Whether the sale happens at a store counter, on a website or through a third-party marketplace, finance teams understand those outcomes well enough to model them directly …
For most of the last decade, eCommerce fraud teams have had a reliable tell. Humans behave like humans at checkout. You see it in mouse movement, typing cadence, the order in which someone fills out a shipping form and how long they linger before adding to the cart. Behavioral analytics built on those patterns catches …
Fraud follows growth. Every new campaign, market and bonus program expands the surface it feeds on, and when the losses start eating into margins, the first instinct is to do two things at once: launch more campaigns to address the losses and hire more analysts to handle the larger workload. That instinct feeds the problem. …
Licensed payment service providers in the Philippines are discovering that having a fraud management system is no longer optional: it is a condition of continued operation. The Bangko Sentral ng Pilipinas has made this explicit through Circular 1160 and its successor frameworks, including the Anti-Financial Account Scamming Act, and it is now examining institutions against …
Getting a MAS license is not the finish line. For payment service providers (PSPs) and licensed fund managers in Singapore, it is the point at which the compliance obligations become more specific, more testable and more actively examined by the Monetary Authority of Singapore. The Payment Services Act sets out the requirements for licensed PSPs. …
Fintech payment service providers in Indonesia operate under a licensing framework that becomes significantly stricter the moment they seek to expand their payment scope. Bank Indonesia issues PJP licenses across three categories, and moving from category 3 to category 2 triggers mandatory fraud management system, eKYC and AML requirements that must be evidenced, not simply …
76% of US firms experienced payment fraud in 2025, despite most already running some form of transaction monitoring. The technology exists. It’s the configuration that tends to break down. Fintechs feel this more than most. Rules get shipped fast and tuned slowly — the default when fraud teams are lean and transaction velocity is high. …
93% of lenders report credit-loss impact from fraud in 2026, and 61% identified synthetic identity fraud as the fastest-growing threat they face, despite most already running dedicated origination controls. The technology exists — what’s missing is coverage of the full borrower lifecycle. Most lenders invest heavily in application-stage controls and assume that once a loan …
A legitimate player signs up in under a minute, and so does a fraud ring running 400 accounts off a single device farm. Registration is the one moment you see both before any money moves, yet most iGaming stacks barely look. By the time a bonus abuser triggers a withdrawal alert, you have already paid …
Waiting for a payout alert to investigate mule account fraud means intervening one stage too late. By that point, the account had passed KYC, built a transaction history and, in many cases, changed its registered identity after onboarding, each of which produced signals that went unread. Every mule account follows the same lifecycle: registration, identity …
Financial crime compliance has become one of the most expensive operational commitments in financial services, and one of the least effective. North American financial institutions alone now spend more than $60 billion annually on compliance obligations. Despite that heavy investment, approximately $3.1 trillion in illicit funds circulated through the global financial system in a single …
Most fake candidates do not look fake. They arrive with valid-looking email addresses, phone numbers that pass format checks and employment histories that read as plausible. The problem is not that they look suspicious but that they look exactly like everyone else, which is precisely how they are designed. Fake candidate fraud occurs when individuals …
Most HR tech teams do not begin their fraud-prevention evaluation with a vendor shortlist. They start with a question their existing stack cannot answer: why are fake candidates getting through, and what would actually stop them? That starting point matters because it shapes what you need to evaluate. A fraud prevention buyer at a bank …
Hiring fraud used to be the employer’s problem. That assumption no longer holds. As applicant tracking system (ATS) platforms process millions of candidate profiles on behalf of thousands of employers, fraudsters have shifted focus, and the platforms that run these workflows have become the primary attack surface. Applicant tracking system fraud occurs when malicious actors …
A fraud leader at a Buy Now, Pay Later (BNPL) company spent two years building a program around a well-understood risk profile: synthetic identities at onboarding and installment abuse downstream. The team settled and the metrics looked clean. Then the product team shipped a spending wallet and cross-border payouts. The fraud stack and the coverage …
Bonus and promo abuse accounts for 23% of reported betting and gaming fraud losses. Add the 18% attributed to loyalty program abuse and the combined figure reaches 41% — the single largest fraud category in the sector. Most operators carrying the heaviest losses are also the ones with the healthiest retention KPIs. That’s not a …