Outseer

With updates to 3-D Secure expected soon, companies must reassess their platforms for compliance and performance. Key factors in choosing a provider include their experience, use of advanced data science, flexibility, and ability to adapt to regulatory changes. Outseer's Mark Harvey and Oren Shpigel discuss the importance of selecting a reliable 3-D Secure provider in response to rising ecommerce transactions and evolving fraud threats in this Finextra article. 💳 Make 3DS a profit driver. https://lnkd.in/g-sCNnZZ #EMV3DS

Our LATAM leaders, Charlie Coulange, Sol Gatti, and Juan Huaman, have landed in the Dominican Republic and are excited to host our Outseer Connect #fraud prevention roundtable in Santo Domingo on Tuesday. A special thanks to partner, Asystec, for co-leading this event with major financial institutions in the region.

🆕 New Research - Trends in Faster Payments Fraud Faster payments have led to a surge in fraud attacks, including Authorized Push Payment (APP) #scams. Fraud leaders are struggling with this increase. The report "Trends in Faster Payments Fraud: Slowing Down to Speed Up" by Datos Insights, sponsored by Outseer, examines the growth in real-time and non-real-time #payments and their impact on fraud types. It analyzes market forces, implications, and likely outcomes, providing insights for fraud leaders to modernize and respond to these challenges.   Key findings include: * Fraudsters prefer faster payment rails.  * Proximity to a liability shift is a potent force shaping the market for fraud controls.  * Mobilization efforts have not yet reached a tipping point in most markets.  * Consensus is building behind segments of APP controls. * Mule activity and inbound payment monitoring are rising priorities.  * Customer interaction and engagement are crucial in the fight against fraud. 🎯 Read the report, which includes insights from fraud executives at major FIs from Argentina, Australia, Brazil, India, the U.K., and the United States.

Thank you to our Outseer Connect Toronto attendees!     A heartfelt thank you to everyone who joined the Outseer Connect roundtable in Toronto, including special guests Julie Conroy from Datos Insights, Greta Clark and Peter Cookson from Saviium, and Peter Tapling, APRP from PTap Advisory. It was a valuable experience discussing new opportunities to innovate around fraud prevention in our ever-changing landscape.       Event Highlights:     ✨ Payment Fraud Insights: Julie Conroy unveiled the latest findings in our new Datos Insights report on mitigating faster payments fraud.     📋 Co-Creation Addressing Scams: CTO Yogesh Patel’s session focused on our collaborative efforts with customers to tackle #scams and APP fraud, including a demo of the Outseer® Adaptive Intervention™ solution.      ⚾ Networking and Fun: We wrapped up the day with an exciting game between the New York Yankees and the Toronto Blue Jays in a private skybox!     We look forward to our continued collaboration with Canadian FIs and the innovative opportunities ahead.      Follow our Outseer company page for updates on Connect events in LATAM, Europe and Asia Pacific.

As we approach the US holiday of June 19th, it’s important to remember why we celebrate the significance of Juneteenth in American history. Also known as Emancipation Day, #Juneteenth commemorates the end of slavery in the United States representing freedom, resilience, and our ongoing journey toward equality.   Juneteenth is not just a celebration of freedom from physical bondage; it’s a reminder of the enduring fight for civil rights and equality. It highlights the resilience and contributions of African Americans throughout history, despite systemic oppression. By observing this day, we acknowledge past injustices and commit to a more equitable future. Outseer US dedicates this day to volunteering and giving back. Let's educate ourselves, promote inclusivity, and reflect on how we can contribute to a just and collaborative society. Together, we can honor this important day.

June 12-14, Outseer will be participating in the FPS GOLD annual user conference, Directions 2024, in Provo, Utah. Stop by our exhibit to talk with Clay Alm, Wade R., Jill Abbruzzese and Maximilian Gebhardt and learn more about Fraud Manager and #FraudAction and how we work with FPS Gold customers. https://lnkd.in/ghkGPh9T

2024 Outseer Connect Roundtable Series This month marks the start of our annual roadshow series. If you are a financial services leader focused on #fraud and risk prevention, don’t miss these boutique events. Gain exclusive insights from our forthcoming global #payments fraud mitigation report by Datos Insights, explore compelling case studies, and discover the innovation strategies shaping our product roadmap. Connect with peers and industry experts in an engaging environment at these upcoming events. 📅 Toronto: June 27 📅 Santo Domingo: July 9 📅 Melbourne: August 15 📅 London: September 19 📅 Mumbai: September 25

The recent UK Payment Services Regulation (#PSR) liability shift is intended to protect consumers from rising #payment scams. The new guidelines shift liability for authorized push payment (APP) fraud away from consumers to a shared liability between sending and receiving banks. The implications for FIs are significant for the technology they use to fight fraud and how they interact with other FIs and their customers. Register to join Sunil Bazzaz and Oliver Ludlow on June 26th for this discussion on key impacts of this liability shift. 

Don't miss Outseer's next webinar on Thursday, May 22 to dive deeper into our recent Global Fraud & Scams Trends Report. Join Scott Olson, CMO, and Maximilian Gebhardt, Head of FraudAction Commercial Success, as they discuss the key findings and top three trends:   − AI-Powered Scams − Malware-as-a-Service − The Threat of Faster Payments   https://lnkd.in/gayAXqFs

Really enjoyed this interview talking about the insights in our latest research from Outseer. AI, scams, mules and malware all are front and center in the continuing fight against fraud.