Infoglide Blog

Entity Resolution

New Jersey-Based Fraud Ring Charged This Week: The Perfect Case for Social Network Analysis


By Mike Betron, Infoglide VP of Marketing   As reported by MSN Money this week, eighteen members of a fraud ring have just been charged in what may be one of the largest international credit card scams in history. The New Jersey-based fraud ring is reported to have stolen at least $200 million, fooling credit […]

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FinCEN opens up 314(b) to private sector offerings as I-BIRDS takes flight


If you blinked a couple of weeks ago, you may have missed a FInCEN ‘clarification letter’ concerning US Patriot Act Section 314(b) which allows – and encourages – participating financial institutions to share fraud and AML data with each other.  In the September 25 article, FinCEN and the US Treasury Department essentially cleared the way […]

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The Plight of 314(a) Compliance


Douglas Wood, Infoglide Senior Vice President In the months and years following the tragic events of 9/11, global governments introduced a variety of homeland security acts designed to stop the flow of money funding terrorism.  As such, Section 314(a) of the US Patriot Act was a milestone in the fight against terrorist financing and money […]

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ePayment Platforms – Fighting Fraud with Big Data and Identity Resolution


By Robin Farshadfar, Director of Global Solutions at Infoglide Software As purchasing habits continue to evolve towards eCommerce and mobile purchasing, electronic payment platforms such as Paypal, Google Checkout, and Amazon Payments will continue to become dominant players in the online, financial transaction industry. In fact, Forrester Research estimates that consumers will use PayPal, Google […]

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Momentum with Memento


By Douglas Wood, Infoglide Senior VP We noted with interest the April 23 announcement that FIS, the largest banking and payments technology provider on the planet, has made very strategic acquisitions of Memento Security and ICS Risk Advisors.  With over 30,000 worldwide employees and annual revenues approaching $6B, FIS holds the leadership position in payment […]

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Big Data – A New Asset Class


By Mike Betron, Infoglide VP At the RSA Security Conference in February Bruce Schneier an internationally renowned security technologist and Chief Security Technology Officer of BT refers to Big Data, “… as an industry force, like we might talk of Big Tobacco or Big Oil or Big Pharma” Schneier is correct, according to a report […]

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Thoughts on the Fraud Analytics Market


By Douglas Wood, Infoglide SVP of Sales and Services I noted with interest the August 31 announcement that IBM is buying UK based i2 Inc.  I was in my hotel room when I read the announcement, attending the International Association of Financial Crimes Investigators (IAFCI) conference in Charlotte.  I was actually so surprised that I […]

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Fighting Fraud from an Entity-Centric Perspective


By Doug Wood – Infoglide SVP of Sales Government and commercial organizations are under increasing pressure to more effectively identify and unravel threats before they happen.  Predictive analytics tools have traditionally been deployed in hopes of isolating transactional behaviors that may point to a risk of loss.  The market is well served with these systems, yet institutional […]

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Big Oil and Big Data


By Mike Betron, Infoglide Software Director of Marketing In “Mining the Tar Sands of Big Data”, Matthew Driscoll and Roger Ehrenberg draw an apt parallel between the earth’s vast oil reserves and big data: until recently it wasn’t economically and technically feasible to mine these resources efficiently. In both cases, that’s changing. The authors trace […]

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Financial Services Has a Growing Problem: Internal Fraud


By Mike Betron, Infoglide Software Director of Marketing The Aite Group recently authored a report entitled “Internal Fraud: The Devil Within.” After surveying 35 fraud and product executives at financial institutions across the U.S. and Canada, they concluded that internal fraud is a severe and growing problem that often goes undetected and almost always flies […]

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