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Feedzai and Form3 Win Datos Insights 2024 Impact Award for Best Scam/APP Prevention Innovation

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Feedzai and Form3 have been awarded the prestigious Datos Insights 2024 Impact Award for their groundbreaking solution that prevents Authorized Push Payment (APP) fraud and uncovers money mules with 95% accuracy. This innovative collaboration is setting a new standard in fraud prevention, protecting both individuals and financial institutions.

LISBON, Portugal and SAN MATEO, Calif., Oct. 3, 2024 /PRNewswire-PRWeb/ — Feedzai, a global leader in fraud prevention and financial crime management, together with its customer Form3, are proud to announce that they have been recognized as the winners of the prestigious Datos Insights 2024 Impact Award in Fraud & AML for Best Scam/APP Prevention Innovation. This award highlights the groundbreaking collaboration between Feedzai and Form3 in developing a first-of-its-kind solution to combat Authorized Push Payment (APP) fraud and uncover money mules.

Working with Feedzai has allowed us to develop an industry-first solution incorporating both ‘collaborative intelligence’ and ‘inbound transaction scoring’ that truly addresses the unique complexities of APP fraud,” said Eimear O’Connor, Chief Product Officer at Form3.

Innovative Approach to Authorized Payments Fraud Detection and Money Mule Identification

Form3 and Feedzai have jointly created an advanced machine learning model that uniquely evaluates the risk associated with both the sender and the receiver of a transaction. This dual-risk evaluation is crucial not only for preventing APP fraud but also for identifying and eliminating money mules—individuals who are knowingly or unknowingly used by criminals to launder money. By understanding the behaviors and risks of both parties involved in a transaction, the model can identify and prevent fraudulent activities with an unprecedented 95% accuracy, significantly reducing the rate of undetected fraud by banks.

“Our collaboration with Form3 has allowed us to push the boundaries of fraud detection and uncover hidden threats like money mules,” said Pedro Barata, Chief Product Officer at Feedzai. “This recognition from Datos Insights is a testament to the power of innovation and partnership in creating solutions that meet current challenges and anticipate future needs in fraud prevention.”

A Solution with Real Impact on People and Financial Institutions

Scams, particularly APP fraud, exact a terrible emotional and financial toll on both individuals and financial institutions. Victims are often left devastated by the loss of their savings, while banks increasingly face the burden of compensating for these losses. This innovative solution not only helps banks clear their books of bad actors, such as money mules, but it also plays a crucial role in combating the broader scam epidemic. By proactively identifying and removing these threats, financial institutions can significantly reduce their exposure to risk, protect their customers, and ensure compliance with upcoming regulations.

Tailored for the Future of Financial Crime Prevention

The collaboration has resulted in a model that not only detects fraud but also seamlessly integrates into Form3’s account-to-account payment platform. This integration enables real-time transaction scoring, allowing financial institutions to take immediate action on both inbound and outbound transactions. The Form3 Fraud API has been designed to meet the individual needs of each bank, offering flexibility in how the solution is deployed and integrated with existing fraud prevention systems.

“Working with Feedzai has allowed us to develop an industry-first solution incorporating both ‘collaborative intelligence’ and ‘inbound transaction scoring’ that truly addresses the unique complexities of APP fraud,” said Eimear O’Connor, Chief Product Officer at Form3. “This award validates our joint efforts to create a safer and more secure payment ecosystem for all financial institutions and their customers.”

Meeting Regulatory Demands with Innovation

This innovative solution was launched in April 2024, ahead of new regulations from the Payment Systems Regulator that will mandate shared liability for APP fraud in the UK starting in October 2024. By offering a service that detects 95% of previously undetected fraud at market-standard false positive rates, the solution helps banks and financial institutions manage their liability while enhancing customer protection.

About Feedzai:

Feedzai is a leading provider of fraud prevention and anti-money laundering solutions, serving some of the world’s largest financial institutions. Powered by advanced machine learning, Feedzai’s technology secures trillions of dollars in transactions globally, protecting people and businesses from financial crime.

About Form3:

Form3 is the account-to-account payments platform. Founded In 2016, Form3 set out to revolutionize the world of payment processing and disrupt the traditional payment infrastructure model with an always-on, cloud-native, Payments-as-a-Service platform. Providing not only gateway services, its breadth and depth of solutions extend to fraud prevention, payments orchestration as well as data metrics. Today, Form3 is trusted by some of the UK’s and Europe’s biggest Tier1 banks and fastest-growing fintechs to handle their critical payments architecture. Form3 has been included in the 2024 Lazard T100 Index and was listed in the 2024 Top 100 Scale-ups in Europe. The company has also been awarded PayTech of the Year and Team of the Year for Form3’s Engineering Team at the UK Fintech Awards 2024, Accel Euroscape 2023 Top 100 Company, Tech of the Future for Banks & Financial Institutions 2023 by the Paytech Awards, and Engineering Team of the Year 2023 at the Europe Fintech Awards.

Media Contact:

Indigo Wilmann | Global Director, Content Marketing indigo.wilmann@feedzai.com 415-515-2830

Media Contact

Indigo Wilmann, Feedzai, 1 650-260-8924, indigo.wilmann@feedzai.com, https://feedzai.com/

View original content:https://www.prweb.com/releases/feedzai-and-form3-win-datos-insights-2024-impact-award-for-best-scamapp-prevention-innovation-302265399.html

SOURCE Feedzai

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NEW BIG LOTS ‘FALL INTO SAVINGS’ DEALS KICK OFF ON OCT. 3

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October 4, 2024

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All outdoor Halloween Decor will be 20% off Oct. 3-6, in stores (with coupon) and online’Black Friday Fridays’ continue at Big Lots with 50% off all fall decorations only on Oct. 4Fall savings continue with the ‘Primetime Cyber Sale,’ 20% off home categories Oct. 7-9

COLUMBUS, Ohio, Oct. 3, 2024 /PRNewswire/ — Big Lots, Inc. (OTC: BIG), today unveiled new “fall Into Savings” deals including special savings on fall and outdoor Halloween decorations, home categories and more, beginning today, Oct. 3.

Fall savings begin with 20% off all outdoor Halloween decor, Oct. 3-6, in stores (get coupon here) and online. This week’s “Black Friday Fridays” special offer is 50% off all fall and harvest decorations for one-day only on Friday, Oct. 4 in stores and online. Next week, the “Primetime Cyber Sale” will offer 20% off home categories, Oct. 7-9, online only at biglots.com. Customers can shop these deals and more and find each promotion’s terms and conditions online at biglots.com.

“It’s October and beginning to feel like fall in many of our communities, now is the perfect time to upgrade your seasonal home décor and more and make your home spaces reflect the changing season,” said Shelly Trosclair, Co-Head Merchant, at Big Lots. “Whether your aim is to create the spookiest Halloween display on the street or prepare your home for hosting family and friends this fall, we’ve got you covered with extreme bargains across categories. Visit us online at biglots.com and create your shopping list today.”

Black Friday is every Friday at Big Lots throughout the holiday season, with every Friday being a Black Friday-level sales event, including special one-day deals up to 50% off, now through Dec. 6. Each week’s deal will be available in stores during Friday store hours.

Each week’s Black Friday Fridays deal will be revealed on Thursday mornings, and will include offers across product categories, including great holiday gift options, seasonal décor and more. Bargain shoppers who would like to be among the first to know about each week’s Friday deal can sign up to be a BIG Rewards member for free and receive the latest bargains news in their email inboxes or by text at biglots.com/rewards.

ABOUT BIG LOTS
Big Lots is one of the nation’s largest closeout retailers focused on extreme value. The Company is dedicated to being the big difference for a better life by delivering bargains to brag about on everything for the home, including furniture, décor, pantry and more. It fulfills its mission to help customers “Live BIG and Save LOTS” with sourcing strategies to grow extreme bargains through closeouts, liquidations, overstocks, private labels, and value-engineered products. The Big Lots Foundation, together with the Company’s customers, associates, and vendors, has delivered more than $176 million of philanthropic support to critical needs in hunger, housing, healthcare, and education. For more information, to shop online, or to find a store near you, please visit biglots.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/new-big-lots-fall-into-savings-deals-kick-off-on-oct-3-302267382.html

SOURCE Big Lots, Inc.

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J.S. Held Expands Executive Leadership to Oversee Next Phase of Growth

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October 4, 2024

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JERICHO, N.Y., Oct. 4, 2024 /PRNewswire/ — Global consulting firm J.S. Held, proudly celebrating 50 transformative years, announces Lee Spirer as its new President and Chief Operating Officer (COO), reporting to Chief Executive Officer (CEO), Jonathon Held. 

Lee Spirer is a transformational leader with extensive experience creating value for investors in human capital-intensive businesses by focusing on developing innovative, high impact services for clients and building platforms which attract world class professionals to maximize their career success.

Over his 30-year career, Lee Spirer has been known for keen strategic insight tightly tied to successful plan execution, building and developing teams, tapping into innovation, and leveraging technology. His teams have balanced organic and acquisition-based growth strategies while driving operational performance.

CEO, Jonathon Held, commenting on Lee’s appointment to President and COO, reflects on his “extensive experience and proven ability to drive strategy focused on financial results and operational excellence.” Held continues, “I look forward to partnering with Lee to support all J.S. Held stakeholders – our team members, clients, and investors.”

Having started his professional career serving large complex clients as a strategy consultant, Spirer set the stage for his success in creating and cultivating human capital businesses including: 

Navigant, where he led the growth and transformation of the 6,000 professional company, more than doubling revenues and ultimately taking the company private and merging with Guidehouse.Kroll Risk & Compliance, where as President, he founded and built a new business intelligence division.IBM Business Consulting Services, where following the IBMs acquisition of Mainspring, a digital strategy/transformation company, he led global financial markets for the Fortune 100 company.

Over his career, Lee Spirer has operated in public and private companies, acquired and sold businesses, guided a company through an IPO, and interacted with a wide range of investors and boards. Most recently, he worked with several private equity firms to identify and evaluate potential investments. “Lee is a growth-focused business leader with a strong track record of success,” observes Steve Dutton, Partner at Kelso & Company, J.S. Held’s private equity partner. Dutton continues, “Lee’s proven ability to identify, evaluate, and drive value creation in the professional and technology-enabled services sectors makes him an ideal partner to support further growth at J.S. Held.”

Lee Spirer, commenting on what attracted him to J.S. Held, shares, “J.S. Held’s unique combination of a very strong market position on which to build, extraordinary human capital, a proven track record of organic growth, and ability to augment with acquisitions and successfully integrate those professionals presents the ideal platform for growth at all levels – presenting career opportunities for our professionals, value to our clients, and returns for investors.”  Spirer continues, “As president and COO, I am focused on further strategic growth, evolution, and scale through service innovation and technology.” 

Lee Spirer is now part of the dedicated and entrepreneurial team of experts who help transform J.S. Held. Explore our story and celebrate this momentous milestone, our 50 & Forward celebration, with us at jsheld.com.

About J.S. Held

J.S. Held is a global consulting firm that combines technical, scientific, financial, and strategic expertise to advise clients seeking to realize value and mitigate risk. Our professionals serve as trusted advisors to organizations facing high stakes matters demanding urgent attention, staunch integrity, proven experience, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.

More than 1,500 professionals serve organizations across six continents, including 81% of the Global 200 Law Firms, 70% of the Forbes Top 20 Insurance Companies (85% of the NAIC Top 50 Property & Casualty Insurers), and 65% of the Fortune 100 Companies.

J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held, its affiliates and subsidiaries are not law firms and do not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB, a part of J.S. Held, member FINRA/ SIPC, or Ocean Tomo Investment Group, LLC, a part of J.S. Held, member FINRA/ SIPC. All rights reserved.

Kristi L. Stathis | Global Public Relations | +1 786 833 4864 | Kristi.Stathis@jsheld.com 

Find Your Expert®.

 

SOURCE J.S. Held

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MEDIA ADVISORY – Canada, Manitoba, and Giganawenimaanaanig to take a step forward on Red Dress Alert

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October 3, 2024

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WINNIPEG, MB, Oct. 3, 2024 /CNW/ – Please be advised that the Honourable Gary Anandasangaree, Minister of Crown-Indigenous Relations, and the Honourable Nahanni Fontaine, Minister of Families of Manitoba, will make an announcement about the Red Dress Alert pilot at Giganawenimaanaanig’s Day of Education and Awareness.

There will be a media availability following the announcement.

Media participation:

Media representatives are asked to RSVP to RCAANC.media.CIRNAC@sac-isc.gc.ca.

Virtual participation will be available, and instructions to connect remotely will be provided upon registration.

Media are first invited to observe Ministerial remarks and engagement with families, survivors, MMIWG advocates and frontline workers at 11:30 a.m. The media availability will follow in an adjoining room.

Date:  Friday, October 4, 2024
Time: The announcement will start at 11:30 a.m. (CT), followed by the media availability.

Media representatives are invited to preposition 30 minutes before the start time of the event.

Where:
Canad Inns Destination Centre Club Regent Casino Hotel
1415 Regent Ave W
Winnipeg, Manitoba

The announcement will take place in the Grand Ballroom, and the media availability will take place in the Ambassador E.

Follow us on X:

GovCan – Indigenous
(https://twitter.com/GCIndigenous)
Manitoba Government
(https://x.com/mbgov)

SOURCE Crown-Indigenous Relations and Northern Affairs Canada

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