How the National Shared Database Protects the Financial System

Nickel & Crime

Each week on Nickel & Crime we bring you juicy stories of financial crime, but behind the scenes here at Early Warning we’re also working tirelessly to prevent it. In this episode, we explore the pivotal role of the National Shared DatabaseSM (NSD). Join us as we sit down with Maria Moynihan, Senior Director of Product Management, as she unveils how the NSD isn't just a repository of data—it acts as dynamic shield that prevents financial fraud before it can strike.

For most of us, financial transactions are a daily routine, as mundane as they are necessary. Yet, in the background, a complex battle against fraud is constantly being waged. Maria explains how the National Shared DatabaseSM not only tracks anomalies but also fortifies the financial ecosystem against potential threats. By pooling resources and data across various institutions, Early Warning® harnesses collective intelligence to enhance security and trust, making it a formidable opponent against the wiles of modern-day fraudsters.

But what happens when a fraudster slips through the initial defenses? Maria discusses how sophisticated algorithms and data analytics can discern the subtlest signs of fraud, ensuring that even the most cleverly disguised perpetrator is unmasked. Beyond its defensive capabilities, the NSD also enhances the user experience for legitimate customers, allowing them to engage with financial services smoothly and securely. This episode not only explores the technicalities of combating fraud but also highlights the human impact of the Early Warning® mission—to safeguard personal fortunes and maintain the integrity of the financial system.

About the Show

Nickel & Crime takes you deep inside the true stories of the shocking scams that white collar criminals almost got away with. At a time when fraud is on the rise, and financial crime is increasingly sophisticated, go behind the investigations to understand the victims, the criminal minds at work, and the risk.

In season 2, Nickel & Crime returns with mind-blowing new crimes, and immersive, stirring details. Each episode dives into the victims, the set-up, the sting, and that bold blunder that unraveled it all.

Hear about a billion-dollar tax fraud that sucked in some of the world’s most savvy investors, or the tales of the real victims and perpetrators of "grandparent scams". We’ll also bring you stories from the bizarre world of job phishing.

From identity theft to social engineering attacks, and Ponzi schemes, Nickel & Crime breaks down some of the most fascinating and insidious financial crimes of the last decade and examines what new crimes are coming our way.

About Early Warning®

Nickel & Crime is brought to you by Early Warning®, a financial services technology leader that has been empowering and protecting consumers, small businesses, and the U.S. financial system with cutting-edge fraud and payment solutions for more than three decades. Early Warning is also the company behind Zelle®, and the soon-to-launch PazeSM, a wallet that reimagines e-commerce payments. Early Warning partners with more than 2,500 banks and credit union brands to increase access to financial services and products and protect financial transactions.

Learn more about Early Warning at https://www.earlywarning.com/

What financial crimes fascinate you? What questions do you have about risk and security? Connect with Nickel & Crime by commenting in the reviews, or email us at [e-mail]