Recent fraud allegations, bankruptcies place emphasis on controls
The bankruptcy filings of First Brands and Tricolor revealed major flaws in asset-backed finance, highlighting the need for better controls ...
Tag: fraud
Capital One: ‘Swiss cheese,’ multilayered approach needed to fight fraud
After auto fraud exposure hit record highs in 2024, lenders and dealers are using multilayered fraud-prevention systems and looking to ...
FIs, regulators rev up anti-fraud strategies
The democratization offered by AI is making it easier for low-skilled, inexperienced bad actors to launch high-impact schemes. Even the ...
What keeps 6 chief risk officers up at night
Technology-driven financial fraud is escalating rapidly, keeping FIs on their toes. (Courtesy/Canva Dream Lab) Bank Automation News, an Equipment Finance ...
Under attack: The rise of AI-powered fraud in banking
Financial fraud is escalating worldwide. The global cost of fraud and cybercrime is projected to hit $10.5 trillion this year, ...
Equipment leaders to talk volatile used-equipment market, fraud, tariffs
Volatile used-equipment prices, changing consumer behavior, fraud and tariffs are among topics that will be discussed during Equipment Finance News’ ...
Lending fraud jumps in the equipment industry
Equipment financiers are enhancing their anti-fraud strategies through new technology, third parties, training programs and other measures amid increased lending ...
Lenders urged to act amid increased fraud
Equipment finance lenders are being strongly advised to adopt enhanced security measures aided by technology to combat an uptick in ...
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