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Data at the service of fraud detection – WEBINAR

Discover how the power of data can be used to detect fraud during this webinar organized by Finance Innovation.
Data helps fight fraud

Collaboration and new technologies

Collaboration between data collection and analysis companies is key to addressing the challenges of fraud. By specializing in extraction and collection techniques, data verification and certification, and data typologies, specialized companies, which are very often complementary, can offer a very powerful anti-fraud quality. Like Meelo and Credit Safe, for example, which offer a solution to fight against B2B fraud.

For customers, acceptance of new technologies can be an initial challenge. However, once the benefits are demonstrated, customers are more likely to adopt these advanced technological solutions.

 

Importance of information exchange and machine learning

The exchange of information between professionals to detect fraud patterns is very important. The greater the knowledge of patterns, the more predictable the fraudulent behavior. Machine learning plays a key role in analyzing data and detecting fraudulent behavior.

By staying at the forefront of the fight against fraud, companies can anticipate new forms of fraud.

 Discover how our expert accompanied by our colleagues can anticipate them:

 

Discover all our articles

Meelo IBAN verification to secure payments

IBAN verification: a necessity in the face of the rise in banking fraud 

The IBAN, or International Bank Account Number, has become a central element in financial transactions, particularly in the context of SEPA transfers. Its role: to precisely identify a bank account in the international network. However, this identifier, however structured, can become a gateway for fraud.
According to the annual report of the Observatory for the Security of Payment Methods (OSMP), published in September 2024, bank transfer fraud represented €312 million in 2023. Nearly half of this fraud (48%) is "fake IBAN scams," whether involving bank account substitutions during exchanges, manipulation of intermediaries, or even online diversions. The scope of vulnerabilities is vast.
In this context, securing payments inevitably requires the systematic verification of IBANs before their use. Manual verification, while possible, is often a source of errors, tedious, and ineffective on a large scale. This need for reliability and automation explains why IBAN verification is now an essential building block of a secure payment system.

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Explanatory diagram of Mobile ID: identity verification solution, component of the Meelo identity confidence score

Mobile ID: Optimize identity verification with our new component

At Meelo, we pride ourselves on constantly innovating to offer you ever more powerful solutions. To meet the growing need for security and fluidity in user identification, we are pleased to introduce Mobile ID, a key component integrated into our Identity Trust Score for Individuals.
Mobile ID allows you to verify identity information more efficiently by relying on data provided by telephone operators. This new identity verification solution optimizes the accuracy of our scores and helps you better protect your business against fraud attempts.

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FIDA, Open Finance

FIDA: supervising the open finance with confidence

The FIDA (Financial Data Access) regulation is a continuation of the DSP2 directive, by expanding the opening of financial data to new sectors. Where DSP2 mainly focused on banking data, FIDA aims to go further: insurance, savings, credit, investment ... so many areas concerned by this new European regulation.

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Anti-fraud metric

The keys to understanding the metrics of meelo anti-fraud tools

Let us continue our Immersion behind the scenes of the Meelo solution with a focus on the evaluation metrics used in our tools to combat fraud. If the Gini index remains a historic and recognized standard in the banking sector, our engagement for ever more efficient and responsible detection pushes us to go further and to integrate the most relevant metrics on the market. It is in this perspective that we have chosen to adopt, in addition to the Gini, an even finer measure in its probabilistic reading: the Brier Score. Our goal? Offer you a precise reading of your predictions and increased confidence in your decision -making. Explanations!

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