Prove Fraud & Cybercrime Executive Advisor Mary Ann Miller on Business Insider | It's becoming increasingly clear that fintech has a fraud problem
Prove Fraud & Cybercrime Executive Advisor Mary Ann Miller on Business Insider | It's becoming increasingly clear that fintech has a fraud problem
.png)
I recently spoke with Bianca Chan of Business Insider about fintech’s growing fraud problem. This is a topic that continues to rear its ugly head and Chan’s article delves into a recent report alleging widespread fraud on Cash App but also analyzes the fintech industry’s overall fraud problem. As I mention in the article, start-ups have an impetus to grow at breakneck speeds in order to appease investors. Unfortunately, some companies can achieve this growth by cutting corners when it comes to fraud prevention.
Read the full story here.
The modern
way of proving identity
Trusted by 2,000+ leading companies to reduce fraud and improve consumer
Mary Ann Miller is the Fraud & Cybercrime Executive Advisor and VP of Client Experience at Prove. Mary Ann is a well-respected expert in the fraud and identity space who has been quoted by Sky News, TechCrunch, American Banker, USA Today, and others. Mary Ann was most recently Head of Fraud Strategy at Varo Bank, where she led the fraud strategy process for transitioning the fintech to a nationally chartered challenger bank. Prior to that, Mary Ann's held directorships and executive roles at well-known organizations such as USAA, PayPal, Lloyd's Banking Group, and other technology firms. She has also served on the US Federal Reserve Secure Payments Task Force and is a current member of the Federal Reserve’s Scams Definition and Classification Work Group.
Keep reading
Read the article: CLARITY Act could allow 11 crypto activities for US banksThe Congressional Research Service has identified 11 categories of crypto activities that the Senate-reported CLARITY Act would permit for U.S. banking organizations and credit unions, including digital asset underwriting and dealing.
Read the article: Insurance Fraud Has a Contact Center ProblemFraudsters can use the contact center to impersonate policyholders, manipulate accounts, and redirect claims or benefits. Learn how Prove for Amazon Connect brings stronger identity intelligence into contact center journeys to help insurers reduce fraud and friction.
Read the article: Why We Must Close Identity Gaps Before AI Agents Start TransactingProve's Frances Zelazny says that we need to fix the identity systems people rely on today before trusting them to support what comes next.
