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Alternative data is revolutionizing credit risk scoring by addressing the limitations of traditional models. It includes online behavior and social media activity, providing a comprehensive digital footprint. This enables accurate credit assessment, especially for individuals with limited credit history. By leveraging alternative data, the financial inclusion challenge can be tackled, and risk scoring practices can be significantly improved.

Digital lending platforms must leverage alternative data - comprising behavioral, social media, device fingerprint, and biometrics data - to stop synthetic identity fraud

Financial services providers in the Kingdom of Saudi Arabia have until June 2023 to comply with the mandatory SAMA regulations – the Counter-Fraud Framework – introduced by the Saudi Central Bank in October 2022. Non-compliance can attract strict disciplinary action – including fines and restrictions – depending on how significant the gaps are

According to a report by Cybersecurity Ventures, cybercrime is expected to cause $10.5 trillion in damages by 2025. In response, companies are investing in technology solutions to combat fraudulent activities. Device intelligence is a cutting-edge technology that utilizes device and network telemetry data and user behavior to determine user intent and integrity. Read on to stay ahead of the curve and protect your business.

In the gaming industry, account takeover fraud is estimated to cost companies over $1 billion annually. To prevent account takeover fraud, gaming companies need to implement a multi-layered security approach

The updated SAMA mandate was enacted in October 2022, and the compliance deadline for financial services companies is June 29, 2023. This means all financial services companies operating in Saudi Arabia must fully comply with the updated regulations by the end of the second quarter 2023 to avoid negative consequences.