Fraud – the biggest danger is your own staff and contractors
by Jack Large
Don’t forget the basics in fraud prevention
Minimizing Fraud Procedures
Background
Corporate treasury departments need a fraud prevention strategy that not only keeps pace, but is one step ahead of the fraudsters. To be truly effective, systems and processes needs to be able to spot…
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Citi adds digital SWIFT gpi case resolution tool
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Citi Service Insights has launched on the bank's CitiDirect BE portal.
65% of financial professionals blame pandemic for increase in payments fraud
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The 2021 AFP Payments Fraud and Control Survey, underwritten by J.P. Morgan, found business email compromise fraud attempts at 62% of companies.
ICFR driving financial reporting efficiencies
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Beyond regulatory compliance, a KPMG report finds corporates in Abu Dhabi are benefitting from standardised processes and new business models.
91% of UK CEOs concerned about cyber threats
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PwC research also found 67% of UK CEOs plan to increase long-term investment in cybersecurity and data privacy as a result of COVID.
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A survey from KPMG has found that the pandemic has had a major impact on corporate finance reporting processes in the US.
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AMPLYFI’s deep search really digs the key detail
Corporates accelerating adoption of cyber defences
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Firms fight back against pandemic-driven fraud increases with automation and accountability.
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A report on the future of payments from Deutsche Bank explores what finance executives are currently thinking and doing.
Cybersecurity solutions to stop the fraudsters
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Mastercard is the latest to upgrade its cyber offerings for businesses.
On the sixth day of Christmas my consultant told me how to:
by Jack Large
Improve my fraud prevention and minimise our cyber security breaches
Mastercard deploys AI to tackle cyber security
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Its Cyber Secure solution aims to advance a set of integrated cyber capabilities for banks and their businesses.
Cybersecurity and fraud detection in the COVID-19 age
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A recent SWIFT webinar explored how technology and awareness can help defend against payment fraud.
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by Ben Poole
The approval comes as MAS looks to crack down on paper-based trade instruments.
Cybersecurity coming of age
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PwC research finds 96% of executives have shifted their cybersecurity strategy due to COVID-19 and 40% are accelerating digitisation.
CTMcast – 1 October 2020: Goldman Sachs transaction banking; improving global services; cash flow forecasting; corporate treasury outsourcing
by Jack Large
Jack and Ben review the key posts from the last two weeks on CTMfile
Banks stepping up to help protect corporates from fraud
by Ben Poole
Both JPMorgan Chase and NAB have recently announced moves to help protect businesses from fraud while managing their cash flow.
COVID-19 forces a historic surge in corporate tech investment
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Companies spent around US$15bn extra a week on technology during the pandemic’s first wave, but the huge surge in IT spend isn’t sustainable.
Fraud prevention: Profile of your internal fraudster revealed
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New opportunities and problems BUT basics still the same and most organisations lose 5% turnover to fraud
BNY Mellon on the case
by Ben Poole
The bank now offers SWIFT's gpi Case Resolution service for payment investigations.
Most US businesses operating at reduced capacity
by Ben Poole
Despite a subdued economic outlook, a JPMorgan Chase survey finds businesses remain confident in themselves and most expect to thrive.
Dutch banks take aim at money launderers
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Transaction Monitoring Netherlands is a collaborative effort that aims to crack down on money laundering and terrorism financing.
Cloud security remains challenged by complexity and shadow IT
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New data from IBM pinpoints the top security risks for companies, with tips on how to improve cybersecurity.