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The Rise of Synthetic Identity Fraud in Financial Services

Fi911

These regulations focus on verifying that provided information matches databases, not whether the identity represents a real person. Cross-referencing SSNs with names and addresses across databases can reveal mismatches indicating synthetic identities. However, privacy regulations and data silos complicate comprehensive verification.

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Tackling money mule activity: Takeaways from the FCA’s review

Neopay

The Financial Conduct Authority (FCA) has recently published its findings on how firms are using the National Fraud Database (NFD) and money mule account detection tools to combat financial crime. Some firms screened customers against the NFD but failed to submit their own cases, undermining the collective intelligence of the database.

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Fintech industry pushes back on FIDA limits in EU consultation response

The Paypers

According to respondents, these adjustments would help FIDA support Open Finance in Europe more effectively, encouraging innovation while protecting consumers and aligning with broader digital competition objectives.

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Top 7 Sensible alternatives for document processing

Nanonets

accounting tools (Quickbooks, Xero), CRMs, and databases—no coding required. 💡 Nanonets processes documents up to 80% faster than traditional template-based systems, making it ideal for high-volume workflows. With easy-to-set-up API integrations , Nanonets seamlessly connects with major ERP software (Sage, Netsuite, SAP, etc.),

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Beginner's guide to ChatGPT

Nanonets

If you're facing an actual problem or need help with security or databases, I can help guide you through safe, ethical solutions.  ✅ While ChatGPT is capable of generating code that typically runs successfully, test the code before fully trusting it, as adjustments will be necessary for complex problems.

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American Express India Database Accessible To Anyone In October

PYMNTS

American Express India enabled a database to be accessible to anyone for longer than five days in October, according to a report in The Next Web. According to the report , the Hacken cyber consultancy team’s director of cyber risk research, Bob Diachenko, discovered the unprotected database on Oct. 20, but potentially even longer.

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Database Management Startup Fluree Snags $4.7M For Blockchain Tech

PYMNTS

Fluree, a database management startup based in North Carolina, has raised $4.7 million in a funding round to develop blockchain and integrate it into its database technology, according to a report. something you can’t do with current databases or other data management technologies,” he said. “It