The Formica AI Blog
Your source for industry insights, technology trends, and expert knowledge on AI, fraud detection and prevention, transaction monitoring, AML, KYC, and risk management.
Why Businesses Need Digital Footprint?
Having a strong digital footprint is crucial for businesses in the banking and finance industry. A digital footprint is the trail of data that is
Why Businesses Need Digital Footprint?
Having a strong digital footprint is crucial for businesses in the banking and finance industry. A digital footprint is the trail of data that is
Dynamic Customer Risk Assessment A Powerful Guide to Smarter Safer Business Decisions in 2026
What Is Dynamic Customer Risk Assessment? Dynamic Customer Risk Assessment is a modern approach to evaluating customer risk continuously and in
Is Money Laundering Being Done Through Lavash The Lavash Gang Incident That Shook Turkey
Understanding the Lavash Gang Incident The question “Is Money Laundering Being Done Through Lavash? The ‘Lavash Gang’ Incident That Shook Turkey” may
What is PEP Screening and Why It Matters: An Overview
Politically Exposed Persons screening or PEP screening is a crucial practice at the core of compliance procedures and avital weapon
Sanctions Screening and Sanctions Screening Process: Protecting Your Business from Unintended Consequences
Sanctions screening and sanctions screening process are the words we hear a lot in Anti Money Laundering (AML) and Know
Know Your Customer: More Than Just a Compliance Requirement
In today’s rapidly evolving digital landscape, protecting your business from fraud and ensuring regulatory compliance is paramount. That’s where Know Your
Explained: What is AML Fraud Detection and Compliance?
Money laundering is basically ‘cleaning’ the money which is gained through illegal ways. These illegal ways may include crimes such as
AML Regulations for Crypto Exchanges and Why They are Important
Why AML Regulations are Important for Cryptocurrency Money laundering is the illicit method of making substantial amounts of money produced
Why Banks Are Losing Customers Because of Account Opening Processes
Account opening processes are often overlooked as a key source of customer friction and attrition. Yet, the longer it takes
KYC and AML in Finance: Challenges and Best Practices
In the world of banking and finance, ensuring trust and security is paramount. What do Know Your Customer (KYC) and
How Machine Learning Helps Fraud Detection
In the modern century, with the acceleration of technological developments, people’s daily routines are largely digitalized. The simplest example of
How to Reduce False-Positive with AI-powered Fraud Detection
Businesses are proactive these days. Trying to thrive in a standard set by the globally connected online community is the
Types of Self Learning Artificial Intelligence: Which AI Learns on its Own?
Artificial intelligence refers to systems or machines that mimic human intelligence to perform tasks and can iteratively improve themselves based
How Artificial Intelligence Will Change The Future of E-Commerce
Most of us think of the term artificial intelligence, which we’ve all been getting familiar with for a while now,
Brief History of Artificial Intelligence: A Journey from Yesterday to the Future
Everyone has an opinion about Artificial Intelligence. Some say that Artificial Intelligence technology is a hero, a gift making our
Will AI Replace Fraud Analysts?
The term artificial intelligence that we have come across recently is a technology that can infer from the data it
The Future of Marketing Analytics: The Next Big Things Come with AI
The term marketing analytics has been in the lives of digital marketing teams for a long time. Moreover, the future
The Importance of AI in Identity Theft Prevention: Financial Institution Challenges
Identity theft grows large in the digital age, where financial institutions provide ideal targets for fraudsters exposing security flaws. As
Formica AI 2024 Black Friday performance metrics for November
Here Are the Details Hey there from Formica AI! We would like to share how we performed during the month
Payment Fraud Types, Detection and Prevention in E-Commerce
E-commerce has completely changed the way of business and payment since the day it emerged. It also brought dangers such
5 Cryptocurrency Frauds and How to Avoid Them
Blockchain is still a hot topic in the world of technology. It excites all of us so much with the amazing
Detecting Anomalies with Fraud Graphs
Fraud prevention is crucial and can be tricky for most businesses. Dive into the deeps of fraud graphs and learn
NFT Frauds & How to Avoid Them
What is NFT? NFTs are crypto assets on the blockchain that use unique identification codes and metadata to distinguish NFTs
Graph Analytics for Fraud Detection: How the Banking Sector Uses It
Fraud is a huge issue for most firms in almost every sector. It’s also an enormous problem for the banking
Real-Time Fraud Prevention: Safeguarding the Future of Banking and Financial Service
It doesn’t need to be emphasized daily that fraud is a serious issue. Fraud remains a persistent threat in the
Biggest Challenges in Fraud Detection: Banking & Finance
Fraud has become a major problem for the banking and finance industry, with cybercriminals exploiting weaknesses in digital fraud prevention
How to Deal with Authorized Push Payment Fraud?
Fraudsters take advantage of people’s natural tendency to trust one another, and one of their favorite methods is Authorized Push