Fraudsters are always looking for new ways to drive revenue and evade the scrutiny of risk teams. This cat-and-mouse game has seen the bad guys continually adapt their tools and techniques to stay one step ahead of those out to stop them. Despite headline card fraud losses in the US...
The digital economy has given rise to disruptive business models that make it convenient for customers to transact online. Customers can easily set up and operate accounts online by providing personal information at sign-up and log-in, respectively. This ease and convenience also has a flip side. If fraudsters gain unauthorized...
Like many sectors, travel is undergoing major digital-driven transformation. This is helping to drive customer engagement and growth on a scale never before seen. But while the internet has provided a new platform for airlines, hotels, travel agents and others to grow, it’s also exposing these same companies to increased...
At PayPal we’re celebrating another great start to 2019 after our first quarter financials were released last month. Alongside the headline 12% increase in revenue was the equally pleasing sight of millions more customers opening accounts with us, including many new merchants. This is further proof that businesses across the...
Many online marketplaces and shopping sites are taking the digital world by storm with user-friendly platforms for buyers and sellers to exchange goods and services. According to analyst Forrester, half of all online spending came via marketplaces in 2016, a figure set to rise to 66% by 2022.1 However, the...
Digital businesses are adopting innovative measures to offer differentiated customer services and make the online customer journey as seamless as possible. Offering multiple online payment options is one such mechanism that businesses use to make payments convenient for customers and close more checkouts. Fraudsters misuse this convenience to orchestrate various...
Online fraud is just about everywhere today. In fact, retailers are estimated to lose billions in card-not-present scams over the next several years. Yet some online markets are more vulnerable than others. Online marketplaces that enable the sale of used, second-hand and/or refurbished goods are particularly at risk, as trust...
At Simility, we pride ourselves on leading a new era of machine learning-powered anti-fraud solutions. Since beginning this journey in 2014, we’ve come a long way in meeting the growing demands of our global business customers thanks to the tireless work of our dedicated team. So it’s with great delight...
Simility spent a few days last week at Lendit Fintech USA, one of the key tech innovation events on the financial services calendar. We had a productive time reaching out to industry practitioners, listening to their pain points and explaining how our Adaptive Decisioning Platform can help finance risk teams...
Fraud is a fast-moving business. Any company hoping to offer true value for its customers in blocking malicious transactions without adding friction for the end user must be constantly looking to evolve its tools and techniques. This is not an easy job, given the speed of innovation by the fraudsters...
