MoData partners with Sygno to offer smarter, more effective and agile financial crime risk management solutions

MoData has announced a collaboration with Resistant AI to help financial services safeguard themselves and customers against fraud.

MoData, as market leaders and experts in the collaboration in the fight against financial crimes are excited to introduce an industry first pilot to enable secure FRAML data exchange using Blockchain, Confidential computing and AI technology

Fraud and Cybercrimes thought leader, Clive Gungudoo, MoData’s Director of Financial Crimes and Risk Management, highlights five essential controls organisations need to put in place to protect their digital customer journey.

E-commerce Fraud: Did You Know? According to TransUnion, 15.54% of e-commerce transactions were suspected to be fraudulent over the 2020 Thanksgiving holiday period compared to 15.7% of the 2019 holiday and just 9.76% of the 2018 holiday

Why are regulated institutions still not getting their Fraud and AML (FRAML) due diligence right? Managing financial crime risk continues to remain a major priority for regulated institutions, with millions of dollars being invested every year into upgrading systems and processes around prevention, detection, investigation and reporting of such crimes.

MoData has partnered with DataVisor to deliver a comprehensive suite of AI-powered fraud management solutions to its customers across Africa.

MoData has partnered with IntellectEU, a leading financial technology company with a strong focus on blockchain and DLT to combat insurance fraud

Case Study – An innovative American financial technology company overcomes fraudsters mass registering fraudulent new accounts and then requesting loans that were never paid back

Double-dipping fraud - or multiple-payouts for the same incident - has cost insurers billions of dollars, and we do not even know how much. That is about to change.