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COALESCE.AI IS FEATURED IN THE FEDERAL RESERVE’S WHITE PAPER: MITIGATING SYNTHETIC IDENTITY FRAUD IN THE U.S. PAYMENT SYSTEM.

By |July 24th, 2020|Federal Reserve|

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Synthetic identity fraud is reportedly the fastest-growing type of financial crime facing the United States.

Coalesce estimates that synthetic identities account for slightly more than 20% of all losses in a given loan portfolio, even though they account for

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FRAUD IN A CRISIS

By |April 26th, 2020|Crisis, Fraud|

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In 2008, the number of complaints about online fraud jumped from 200,000 to more than 375,000 one year later, according to the FBI. Imagine what that looks like 11 years later… 

In times of great uncertainty, how are financial institutions going to cope and combat the impending surge in financial crime and fraud due to COVID-19? There is a startling connection to financial

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BOSTON AI THINK TANK ADVISES CONGRESS IN REACHING A MILESTONE FOR MODERNIZING FINANCIAL CRIME DETECTION

By |November 8th, 2019|Artificial Intelligence, Press|

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A milestone has been reached in modernizing financial crime detection! On October 29, The U.S. House of Representatives passed the “COUNTER Act” Bill which requires the U.S. Treasury Financial Crimes Enforcement Network (“FinCEN”) to undertake a study on various modernization facets of Anti-Money Laundering under the Bank Secrecy Act (BSA/AML).

We are excited to have played a part through our Boston AI Think Tank in advising members of the

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HEADLINES FROM THE WORLD OF AI, FINANCE AND SYNTHETIC FRAUD PREVENTION