Fintechs – Products, Community, News
Fintechs – Products, Community, News
Fraud and Risk Management (FRM) solutions are critical for safeguarding fintechs and banks from evolving financial crimes, including identity theft, data breaches, and unauthorized transactions. These solutions help identify, monitor, and mitigate risks in real-time by analyzing data and employing AI-based algorithms. Key Benefits: 1. Fraud Prevention: FRM solutions detect suspicious activities early, reducing financial […]
Types of Digital Fraud 1. Phishing Scams: Fraudsters impersonate legitimate companies to steal personal information. Victims often receive emails asking for sensitive data, leading to account breaches. 2. Ransomware Attacks: Cybercriminals lock users out of their systems and demand payment to restore access. For example, the WannaCry attack in 2017 affected hundreds of thousands of […]
What is a Ponzi Scheme? A Ponzi scheme is a form of investment fraud that promises high returns with little risk to investors. Named after Charles Ponzi, who became infamous for using this scheme in the early 20th century, it involves paying returns to earlier investors using the capital from newer investors rather than from […]
To, Eric Garcetti US Ambassador to India Subject – Got cheated by a Microsoft Partner & Microsoft (a US based company) Dear Eric, Hope you are doing well in India. I am *****, a resident of India. This letter I am writing to you as a last resort after trying to reach out […]
We have come across a lot of instances where insurance companies have dishonored claims without any proper reasoning. Just because it’s an easy option for them and they know that most of the users don’t have the means and time to file a case. We have come across a case wherein Acko Technology & Services […]
Data security is of paramount importance for financial institutions due to the sensitive nature of the information they handle, including customer financial data, personal details, and transaction records. The significance of data security for financial institutions can be outlined through several key aspects: 1. Protection of Customer Information: 2. Prevention of Financial Fraud: 3. Maintaining […]
In the complex landscape of financial institutions, trust forms the cornerstone of the relationship between banks and their customers. Recently, an individual came forward on LinkedIn, shedding light on alleged fraudulent practices experienced at one of India’s prominent private banks, Axis Bank. It is crucial to recognize and address such concerns to uphold the integrity […]
What is CVV Fraud? Did you come across an instance where your transaction had gone through without entering the right CVV? Why the banks are not acting on the CVV fraud even after so many users had complained? Are the Credit Cards/Debit Cards are secured? What was all the noise with tokenization if they are […]