New module from leading AI software provider identifies illicit sources of funds and mule accounts in real-time, to save banks millions of dollars every year.
Romance scams: A hidden danger in the digital dating world
In an era defined by swiping right (and left!) and digital courtship, the pursuit of love has taken an insidious turn – romance scams. As online dating continues to surge, a growing number of individuals fall victim to these devious ploys every year, presenting a...
How AI is helping to combat financial crime
The Social Responsibility of Preventing Money Mules in Banking
Why prevention is better than cure with Money Mule accounts. As the UK enters a new phase in banking regulation, the issue of Money Mules has come into focus. For the first time, the regulators are adding liability to Payment Service Providers (PSP’s) that facilitate...
Lynx’s Experts Predict a New Era for APPF Reimbursements in the UK
Lynx’s Experts Predict a New Era for APPF Reimbursements in the UK Authorised Push Payment Fraud (APPF) continues to be a significant problem for consumers and financial institutions in the UK. The Payment Systems Regulator’s (PSR) latest data shows that in 2023...
