Minimising fraud is still about the basics, even with latest technologies
by Jack Large
During the pandemic, fraud has soared, making the need to focus on the basics AND more in-depth real understanding of what is happening
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…
Read more
Fraud – the biggest danger is your own staff and contractors
by Jack Large
Don’t forget the basics in fraud prevention
Citi adds digital SWIFT gpi case resolution tool
by Ben Poole
Citi Service Insights has launched on the bank's CitiDirect BE portal.
65% of financial professionals blame pandemic for increase in payments fraud
by Ben Poole
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
by Ben Poole
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
by Ben Poole
PwC research also found 67% of UK CEOs plan to increase long-term investment in cybersecurity and data privacy as a result of COVID.
Finance execs adapting controls and reporting to beat COVID challenges
by Ben Poole
A survey from KPMG has found that the pandemic has had a major impact on corporate finance reporting processes in the US.
Continuous KYC: How to know what is really going on at your suppliers & customers
by Jack Large
AMPLYFI’s deep search really digs the key detail
Corporates accelerating adoption of cyber defences
by Ben Poole
Firms fight back against pandemic-driven fraud increases with automation and accountability.
Post Covid-19 priorities for treasurers and CFOs
by Ben Poole
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
by Ben Poole
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
by Ben Poole
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
by Ben Poole
A recent SWIFT webinar explored how technology and awareness can help defend against payment fraud.
Building trust in a digital consumer landscape is the key to survival
by Jack Large
New global study by the EIU and TransUnion shows how vital smooth digital transactions and National Digital IDs are in the post-COVID-19 era
BondEvalue gets approval to operate blockchain-based bond exchange in Singapore
by Ben Poole
The approval comes as MAS looks to crack down on paper-based trade instruments.
Cybersecurity coming of age
by Ben Poole
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
by Ben Poole
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
by Jack Large
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
by Ben Poole
Transaction Monitoring Netherlands is a collaborative effort that aims to crack down on money laundering and terrorism financing.