The UK Payments System Regulator's (PSR) revised position on reimbursing APP scam victims underlines the urgency for UK banks to promptly identify mule accounts.
However, it is not without its technological challenges. In this fireside chat, Adam Jackson, Director of Policy at Innovate Finance and Rob Woods, Director of Market Planning at LexisNexis® Risk Solutions explore:
Understand the total cost of fraud, the different approaches to manage it and how you can make the business case for change
Learn how money mules operate, the threat they pose and the preventative measures firms can deploy to fight them.
Explore the Insurance Fraud Survey Report by LexisNexis® Risk Solutions and Insurance Post that uncovers the biggest fraud challenges facing insurers.
Shortly after the launch of the PSR split reimbursement model, we will explore how firms are coping and their reactions to the new rules.
Discover how machine learning detects fraud, enhancing security and customer trust through anomaly detection.
Accurately identify and manage all payments to comply with PSR rules and protect customers from APP fraud.
Our experts analyse the impact of the PSR’s September announcement on mandatory APP fraud split reimbursement for firms, consumers, and the industry.
Katarina Pranjic and Rob Woods examine the latest fraud intelligence from the LexisNexis® Digital Identity Network platform and highlight their observed trends.
Innovate Finance CEO Janine Hirt reflects on whether PSR rules changes are achievable, whether the cap is too high and how to avoid friction for good customers.
Discover how Metro Bank, partnering with LexisNexis® Risk Solutions, tackled the PSR challenges head-on with impressive results.
Finding the perfect risk technology partner for your business is no easy task. Read more about the checklist that could serve as a scorecard for evaluating vendors for your digital transformation strategies.
When scams occur, a money mule stands ready to receive fraudulent funds. With the new PSR requirement, explore how you can combat APP fraud and mule networks.
Learn why choosing Financial Crime Compliance and AML Software vendors with industry expertise is crucial to your business. Ensure your solutions are tailored to your specific needs.
Stay ahead of the evolving fraud landscape with expert insights and discover the key fraud trends to watch for in 2024.
Our market-leading data and analytics powered risk management solutions have achieved a number of leader rankings with globally-recognised analyst firms across multiple use-cases.
Detect and prevent scams to protect customers and reduce losses, while maintaining a seamless customer journey.
Explore the complexities and strategies in safeguarding UK banks from money mules. Gain insights into the challenges and necessities of effective transaction monitoring amidst evolving PSR regulations.
LexisNexis® Risk Solutions celebrates its innovative approach with FraudPoint™ UK, recognised in both FinTech and RegTech sectors for advanced fraud detection.
Explore how the financial services industry is evolving beyond rules-based identity and verification to enhance digital trust and customer experience.
Discover six critical predictions driving the fraud and identity space for the next 12+ months.