The Finance Weekly

OCTOBER 15, 2023

It allows CFOs to predict market trends and offer innovative financial solutions using AI technology. Preventing Fraud Generative AI is excellent at detecting fraudulent activities by analyzing large amounts of transaction data. Plus, it keeps learning to stay ahead of new fraud schemes.

AI 130

AI Risk Data Security Automation 130

The Fintech Times

DECEMBER 28, 2023

It’s a time of reflection and anticipation at The Fintech Times throughout December, as we look back at developments and trends over the last 12 months and forward to the year ahead. “Thankfully, the UK government’s new anti-fraud strategy which was published in May could offer hope here.

Fraud Prevention 81

Fraud Prevention Scams Fraud Detection Regulatory Compliance 81

The Fintech Times

DECEMBER 31, 2023

It’s a time of reflection and anticipation at The Fintech Times throughout December, as we look back at developments and trends over the last 12 months and forward to the year ahead. Both in Europe and North America, it’s a trend that has serious scope for growth.

Global Payments 124

Global Payments Alternative Payment Methods Online and Mobile Banking Instant Payments 124

The Fintech Times

DECEMBER 14, 2023

Cross-border payments consultancy FYST has revealed the biggest trends in acquiring, including how the sector is tapping into artificial intelligence to boost fraud detection and optimise payment authorisation. Global merchant acquiring volume is set to hit $41trillion by 2026.

Acquirers 59

Acquirers PCI DSS Fraud Detection Cross-Border 59

Fintech Finance

DECEMBER 13, 2023

AU10TIX , a global technology leader in identity verification and management, today released its Q3 2023 Global Identity Fraud Report. Drawing insights from millions of transactions processed across 249 countries from July to September 2023, the report uncovers significant trends in the world of organized identity fraud.

Verification 52

Verification Cross-Border Payments Crime Cross-Border 52

Nanonets

MARCH 28, 2023

By leveraging the power of data, businesses can gain insights into their customers' behaviors and preferences, identify trends, and optimize their strategies to achieve better results. These questions should be answered before implementing a digital transformation process in order to avoid following buzz-words and trends.

Automation 98

Automation AI Process Innovation 98

FICO

MAY 18, 2023

The fraud prevention solution is based on FICO® Falcon® Fraud Manager and FICO® Customer Communication Services (CCS). The fraud prevention solution is based on FICO® Falcon® Fraud Manager and FICO® Customer Communication Services (CCS). Dock began implementing Falcon Fraud Manager in 2019 and added CCS in 2020.

Technology 52

Technology Fraud Prevention Fraud Detection Transactions 52

Fintech Finance

DECEMBER 12, 2023

It reveals the biggest trends in acquiring, including how the sector is harnessing artificial intelligence to boost fraud detection and optimise payment authorisation. Between 2017 and 2021, the electronic payments industry grew at 30% and 13% CAGRs in volume and value of transactions respectively.

Consulting 52

Consulting Acquirers Fraud Detection Payments 52

FICO

JANUARY 10, 2023

Top 5 Fraud Posts for 2022: Scams, Contactless and Money Mules. In a year that saw the word "scamdemic" coined, scams such as authorised push payment fraud were top of mind, along with various other fraud schemes. Few things change faster in the financial services space than fraud trends. FICO Admin.

Scams 52

Scams Posting Push-to-Card Compromise 52

Nanonets

MAY 31, 2023

Payment fraud has tripled from $9.84 This surge in fraudulent financial activities can be attributed to a combination of factors, including the widespread adoption of online payment systems, the increasing sophistication of fraud techniques, and the collaborative efforts of criminals facilitated through the dark web.

Fraud Detection 52

Fraud Detection Payments Audit Fraud Prevention 52

Nanonets

APRIL 24, 2023

Automate your mortgage processing, underwriting, fraud detection, bank reconciliations or accounting processes with a ready-to-use custom workflow. For example, retailers and e-commerce businesses can use bank extract to track sales and identify trends, while financial institutions can use it to detect fraudulent transactions.

Assessments 52

Assessments Automation Fraud Detection Risk Assessment 52

Nanonets

DECEMBER 25, 2023

Traditionally, this process has been plagued by manual errors, time-consuming verifications, and a plethora of administrative challenges, prompting the healthcare industry to seek innovative solutions. Enter Artificial Intelligence (AI), a technological powerhouse reshaping industries across the globe.

AI 59

AI Process Payer Fraud Detection 59

Payment Savvy

MAY 12, 2023

Payment automation is a rapidly growing industry, driven by the need for cost savings and efficiency. Payment automation can provide increased security measures, such as data encryption and user authentication, which can help prevent fraud and unauthorized access to financial data. billion by 2027, growing at a CAGR of 9.9%

Automation 52

Automation ACH Payments Duplicate 52

Ikajo

MARCH 23, 2023

Furthermore, advanced anti-fraud mechanisms detect and thwart any malicious activity. Future Trends in Payment Switches Open Banking: Open Banking is a movement that facilitates the linking of multiple financial institutions in order to create an integrated payment system.

Process 52

Process Payments Payment Gateways Gateways 52

Evolve Payment

SEPTEMBER 29, 2023

Table of Contents The Future of Merchant Services: Seven Payment Industry Trends to Watch in 2024 The payment processing industry continues to undergo significant transformations in today’s rapidly evolving digital landscape. Our friends at CyberFin have seen cyber security breaches from payment portals grow continuously.

Industry Trends 52

Industry Trends Contactless Payments ISO 20022 Cross-Border 52

Fi911

SEPTEMBER 13, 2023

One particular trend that has piqued concern within the banking and retail sectors is the rise of so-called “refund services.” For those in banking, getting a handle on this trend is not just important. In other words, it’s both a form of second-party return fraud, as well as an example of “fraud as a service” (or “FaaS”).

Scams 52

Scams Returns Database Transactions 52

Nanonets

AUGUST 1, 2023

One of AI audit software's most significant contributions lies in its ability to provide deeper insights into complex data sets, uncovering valuable patterns and trends that enhance the reliability of audit reports. This allows auditors to identify patterns, trends, and anomalies that may require further investigation.

Audit 52

Audit Risk Assessment AI Assessments 52

Fintech Review

NOVEMBER 15, 2023

As we stand at the crossroads of another technological evolution, it’s crucial to identify and understand the trends shaping the future of fintech. Fintech Review dives deep into three key trends in the fintech industry, elaborating on their significance and potential impact.

FinTech 52

FinTech Online and Mobile Banking Fraud Detection AI 52

The Fintech Times

DECEMBER 15, 2023

It’s a time of reflection and anticipation at The Fintech Times throughout December, as we look back at developments and trends over the last 12 months and forward to the year ahead. “The complexity and scale of corporate transactions necessitate a heightened focus on regulatory adherence and data protection.

Cross-Border 59

Cross-Border Cross-Border Payments Interoperability Payments 59

Fintech News

DECEMBER 20, 2023

Project Guardian, led by MAS and industry partners, focuses on testing the feasibility of applications in asset tokenization and decentralized finance (DeFi) while managing risks to financial stability and integrity. and advancing talent. billion raised during the same period the prior year, the data show.

FinTech 107

FinTech Cross-Border CBDC Web 3.0 107

Evolve Payment

NOVEMBER 22, 2023

Advanced Fraud Detection: Implementing advanced fraud detection tools helps in minimizing the risk of costly fraudulent transactions. Combining this with the programming that Evolve is able to provide alongside our industry-leading support leads to a very happy customer who is a leader in their industry.

Payment APIs and Integration 52

Payment APIs and Integration Gateways Payment Gateways Payments 52

Stax

DECEMBER 20, 2023

It’s common in the credit card processing industry to lock clients into multi-year contracts filled with hidden fees. Use Address Verification Services (AVS) AVS is a fraud prevention measure for online and card-not-present transactions. AVS does not prevent all types of fraud, but it’s a good way to detect suspicious transactions.

Credit Cards 88

Credit Cards Small Business Process Security 88

FloQast

NOVEMBER 20, 2023

While the exact factors might vary from company to company, some common areas of focus include the following: The Industry and Regulatory Environment Understanding the industry-specific risks and regulatory requirements is crucial. Creating risk ratings helps auditors categorize risks and objectively weigh their importance.

Risk Assessment 52

Risk Assessment Audit Assessments Risk 52

The Fintech Times

DECEMBER 26, 2023

What are some B2B investment trends we’re seeing in Brazil? Three investment trends we’re observing in Brazil have to do with the following industries: Infrastructure for PIX payments: Brazil’s real-time payments network, PIX , has witnessed swift adoption, surpassing India’s UPI, which was launched earlier.

B2B 64

B2B Due Diligence AI Central Bank 64

Fintech Review

NOVEMBER 13, 2023

She also delves into the growing trend of crypto adoption within gaming operations, an area where XDA is leading the charge in providing seamless integration. Photo by lalesh aldarwish on Pexels.com XDA is a fusion of payments and crypto for the gaming industry. What are the payment issues that the gaming industry is facing?

Payments 52

Payments Cryptocurrency Cross-Border Payments On-Demand 52

Nanonets

SEPTEMBER 21, 2023

Fraudulent Activities Fraud  can be a major concern for businesses, resulting in financial losses and reputational damage. Preventing and detecting fraudulent activities requires implementing internal controls and monitoring processes.

Accounts 52

Accounts Audit Payroll Compliance 52

Clearly Payments

NOVEMBER 10, 2023

Security Measures when Issues are Discovered in Reconcilliation In cases of suspected fraud or unauthorized transactions, businesses can quickly contact their credit card provider. Clearly Payments , for example, offers features like online reporting and robust fraud protection to enhance the efficiency and security of your transactions.

Reconciliation 52

Reconciliation Credit Cards Processors SWIFT 52

Nanonets

SEPTEMBER 22, 2023

It is important to segregate these functions within different departments or personnel to reduce the risk of fraud. Segregating payables and receivables functions reduces the risk of fraud and maintains financial integrity. Managing accounts receivable efficiently is crucial for maintaining cash flow and financial stability.

Accounts 52

Accounts Fraud Prevention Process Financial Literacy 52

Nanonets

MARCH 22, 2023

Visualization tools can help identify trends, outliers, and areas for improvement. With process intelligence, manufacturers can collect data from across their production lines and analyze it in real time, allowing them to identify patterns and trends that may not have been apparent before.

Process 52

Process AI Automation Adjustments 52

Nanonets

JUNE 21, 2023

It ensures accuracy, financial integrity, fraud detection, compliance, efficient cash flow management, and informed decision-making. Fraud detection and risk mitigation Reconciling payments plays a vital role in detecting fraudulent activities and mitigating associated risks.

Payment Reconciliation 52

Payment Reconciliation Reconciliation Best Practices Automation 52

Nanonets

JUNE 15, 2023

This could explain the high growth of the accounting software industry, estimated to reach $12 billion by 2026. Easy access to essential data helps track trends, detect fraud, and assess a business's financial health. It can cater to the unique needs of various industries and business sizes.

Automation 52

Automation Accounts Payroll Process 52

EBizCharge

OCTOBER 25, 2023

As the B2B eCommerce industry evolves, businesses face new challenges, as many need help to meet growing demand. A critical component and feature of BigCommerce is its focus on cross-business purchasing for the B2B industry. According to a Forrester report , B2B eCommerce will account for 17% of B2B sales in the U.S.

B2B 52

B2B Payment APIs and Integration CRM On-Demand 52

Nanonets

JULY 11, 2023

By implementing effective purchase controls, organizations can mitigate risks such as fraud, error, and non-compliance. Understanding purchase controls requires a comprehensive understanding of the specific controls in place within an organization, as these can vary based on industry, organisation size, and regulatory requirements.

Procedures 40

Procedures Audit Mitigation Assessments 40

Nanonets

APRIL 7, 2023

Furthermore, tasks that would require more complex interactions such as predicting outcomes based on data inputs, and analyzing data patterns to detect and protect from fraud, to name a couple, are all out of reach when it comes to these traditional workflow automation efforts.

Automation 52

Automation AI Process Use Case 52

Nanonets

SEPTEMBER 23, 2023

When choosing an  accounting firm , it's important to consider factors like  industry experience ,  firm size ,  technology proficiency , communication, and  reputation. They apply their expertise in areas such as fraud examination, disputes, and financial investigations.

Accounts 52

Accounts Regulations Compliance Audit 52

Nanonets

JULY 26, 2023

Compliance with industry standards and regulations, such as GDPR, further enhances data protection and privacy. Horizontal Analysis: Analyzing financial data over a specific period, such as year-over-year or quarter-over-quarter, to identify trends, growth rates, and changes in financial performance.

Automation 52

Automation AI Financial Analysis Volume 52

Nanonets

JULY 21, 2023

Here are some key advantages: Identify Errors and Discrepancies: By comparing the balances in the general ledger with supporting documentation, general ledger reconciliation helps detect errors, omissions, or discrepancies in financial records. This allows for prompt resolution and prevents the accumulation of inaccuracies over time.

Reconciliation 52

Reconciliation Automation Audit Accounts 52