Infographic: Trade Finance Fraud
Trade financing is an essential part of business trade and the international economy. When misused, via duplicate trade financing/trade financing fraud, the losses incurred can run into the millions or even billions of dollars.
Here are a few facts about trade financing, trade financing fraud, and what steps can be taken to prevent fraud.
Prevent Duplicate Trade Financing by Leveraging Ecosystem Data
Eliminate fraud in the trade finance data ecosystem by enabling multiple lenders to be alerted when a funding request has already been financed – without revealing the identity of the entity making the request.
Can Standardization Help Tackle Trade Finance Fraud?
Technology can assist in providing a defensive, preemptive posture against trade financing fraud. Here’s how.
The Evolution of Information Sharing in Countering Finance Crime
In this Osterman Research supported webinar, Michael Sampson, Senior Analyst at Osterman Research, leads a discussion with Duality’s Vice President of Strategy, Ronen Cohen, and Head of the FFIS, Nick J. Maxwell on how their roles are helping financial institutions navigating the path to successfully leveraging regulations and technology to improve data sharing.
Lessons from Streaming TV about Financial Fraud in the Age of Privacy
Popular streaming TV series like Inventing Anna not only entertain – they educate on what we can do to fight financial fraud.
Inter-Bank Privacy-Enhanced Information Sharing Fraud Detection and Prevention
This webinar will explore the collaborative approach, which can future-proof banks’ fraud detection. Thanks to Privacy-Enhancing Technologies (PETs), the privacy of the data is maintained, eliminating competitive and regulatory concerns.
Collaborating to Solve Canada’s Fraud Crisis: Neil Ringwood, IBM Canada
Fighting fraud in Canada means breaking down barriers between banks – without losing competitive edge. Watch to learn how.
Collaborating to Fight Canada’s Fraud Crisis: Ronen Cohen, Duality Technologies
Intra-institutional anti-fraud teams don’t get a clear view of their customers or how their funds are being moved. Ronen Cohen, Head of Strategy at Duality Technologies, explains why collaboration is key to fight fraud.
The Depth of Canada’s Fraud Crisis
In this video, Neil Ringwood, Associate Partner – Financial Crimes at IBM Canada, explains the depth and severity of Canada’s second pandemic: the fraud crisis.
Report: Fraud Detection and Prevention with Inter-Bank Privacy Enhanced Information Sharing
The rate of suspected digital fraud attempts against financial services companies increased 218% from the last four months of 2020 to the first four months of 2021, and have created a CA$8.62 billion fraud prevention and detection market. Read the full report.
UN FAST Initiative 2021: Pitch for PETs in Financial Services
In this presentation to the UNU Centre for Policy Research, Duality’s Head of Strategy Ronen Cohen presents the pitch for PETs as a tool for risk mitigation and fighting financial crime.
Inter-bank Data Sharing, the New Frontier of Fraud Detection and Prevention
If banks could share their indicators of fraud and other data drawn from their customer account and device information rather than relying solely on their own data – without revealing identifying customer and device attributes – any apprehensions of inter-bank data sharing would quickly disappear.
One-Pager: Secure Intelligence Sharing Against FinCrime
Read more how secure, compliant, and privacy-protected information sharing can provide organizations with a complete view of customer activity.
Fighting Fraud with Duality and IBM Payments Center
IBM financial crime expert Neil Ringwood explains how financial institutions can use collaborative data science to form a secure network in the fight against fraud.
Preventing Insurance Fraud with Homomorphic Encryption
In this video, you’ll learn how real-life institutions use Homomorphic Encryption to fight insurance fraud.
Privacy Protection in Cross-Border Information Sharing
For this fireside chat, we invited privacy and compliance experts across law firms, leading banks and the FFIS think tank to discuss the business potential and regulatory challenges associated with cross-border data transfers, and present emerging technology solutions that can help institutions mitigate compliance risks.
How to Share Financial Intelligence Under GDPR: 3 Takeaways
An explanation of three different information sharing implementations across the financial crime lifecycle: Customer Due Diligence, Transaction Monitoring, and Fraud and Cybercrime Investigations.
FFIS ‘Understanding your PETs’ series: Interview with Duality
Nick Maxwell, Head of the RUSI Future of Financial Intelligence Sharing (FFIS) programme, interviews Ronen Cohen, Head of Product Strategy at Duality Technologies, about the use of Privacy Enhancing Technologies (PETs) in tackling financial crime.
Privacy-Preserving Information Sharing Against Financial Crime
For some time, financial regulators and experts have been pointing to the need for financial institutions to share information to combat global criminal networks more successfully. Secure data collaboration is key for solving this conflict.
Intel Capital: Duality Spotlight
Dr. Alon Kaufman summarizes what Duality does and the potential Duality SecurePlus brings to enterprises in many industries.