The Profile of a Fraudster

It is estimated that in 2019, criminals made $4.2 trillion from fraudulent activity worldwide. Millions of people are affected by fraud every year, but how can you take measures to prevent it and what does a typical fraudster look like? With criminals using more and more sophisticated methods of fraud, it’s never been more important to safeguard your identity.

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Hello Soda is an Official Supporter of International Fraud Awareness Week

The world is a very different place to what it was last year, never mind 10 years ago. The adoption and use of digital technology has been accelerated due to advances in AI and alternative data.

This acceleration in growth has had a massive impact on the way we live our daily lives, but it’s also had an impact on how exposed our identities can be to fraudsters.

Alternative Identity Data

How Alternative Data Can Help Create a More Inclusive Financial World

The use of alternative data has the potential to put previously ‘invisible’ individuals on the map, unlocking opportunities for financial inclusion and economic growth. Exponential amounts of data are being created online every single day, but is it being used to its true potential? 

Here, we explore how alternative data can really be used to create a more inclusive financial world.

Global AML Regulation

AML Regulations Around the World

The global AML landscape is diverse and financial institutions must keep pace with developing rules and regulations in order to remain compliant.

Where a business is functioning determines the local and international regulations they need to comply with in order to continue operating. In this post, we look to explore some of the most prominent regulatory bodies, the territories they cover and how they differ.

Gambling VIP schemes

The UKGC Is Clamping Down on VIP Schemes

The UK Gambling Commission has announced what they’re calling ‘strict new guidance’ for the way operators will have to handle VIP customer schemes moving forward. Provided that suppliers follow the new guidance, ‘there should be no irresponsible incentivisation of high-value customers in the future.’

Do You Know How Your Identity Is Used in a Day?

Do You Know How Your Identity Is Used in a Day?

It is estimated that the cost of identity fraud to the UK economy is £5.4billion and that cybercrime and fraud make up almost 50% of reported crime. Your identity is arguably your most valuable asset, but how often are you aware of all the ways that you use it to transact? With the lines of physical and digital identity becoming increasingly blurred, it’s more important than ever to safeguard your identity during transactions.

4 reasons why Alternative Data is The Key to Global Success

7 Ways Big Data Lets You Learn More About Your Customers

More and more data is being created online every single day. With digital advancements occurring constantly, a continued reliance on traditional data sources that were used 20 years ago risks restricting access to products for customers.

There is a lot of talk around ‘big data’ but it simply refers to any large amount of unstructured data, and without the adequate analytics tools to derive meaning from it can deem it meaningless – but how can we help to make sense of that data to learn more about each and every one of your customers?

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