Fintech News

FEBRUARY 21, 2024

In the ever-evolving cryptocurrency market landscape, 2023 marked a pivotal year that saw significant shifts in the nature and scope of illicit activities. The introduction of more sophisticated fraud detection technologies and a growing awareness among investors about the risks of scamming tactics contributed to this downward trend.

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Crime Ransomware Scams Stablecoins 95

The Fintech Times

APRIL 11, 2024

More complex and financially damaging types of APP fraud include romance scams. Identity fraud can be used to make a scam seem more realistic by hijacking the established identity of a real person.

AI 110

AI Romance Scams FinTech Scams 110

FICO

MAY 9, 2023

Home Blog Feed test How Guided AI Helps FICO Detect 59% More Scams in the UK Guided AI is akin to the nervous system in the Corpus AI Thu, 05/04/2023 - 04:33 JenniferPiccinino@fico.com by Scott Zoldi Chief Analytics Officer expand_less Back to top Tue, 05/09/2023 - 20:25 The problems we use machine learning (ML) to solve are often multi-faceted.

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Scams AI Fraud Detection Romance Scams 52

FICO

FEBRUARY 9, 2023

Home Blog FICO APP Scams: What Impact Will the PSR’s Proposals in the UK Have? FICO Admin Tue, 07/02/2019 - 05:23 by Matt Cox VP and General Manager, EMEA expand_less Back To Top Thu, 02/09/2023 - 11:40 Of the £609.8 There has also been intense focus on educating consumers about scams both from consumer groups and the banks themselves.

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Scams Push-to-Card Romance Scams Regulations 52

The Fintech Times

MAY 22, 2024

However, in its latest report published today, the UK banking and financial services trade association announced that there was a four per cent decrease in the amount stolen to £1.17billion in 2023. However, throughout 2023, UK Finance revealed that fraudsters did not physically need a card in order to attempt unauthorised fraud.

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Scams Finance Push-to-Card Romance Scams 59

Fintech Finance

APRIL 10, 2024

More complex and financially damaging types of APP fraud include romance scams. Identity fraud can be used to make a scam seem more realistic by hijacking the established identity of a real person. Both share a multitude of similarities with APP fraud.

AI 52

AI Romance Scams Fraud Prevention Scams 52

FICO

FEBRUARY 19, 2020

The Clearing House Association’s RTP as well as The Automated Clearing House offer same day clearing and the Federal Reserve is looking to launch instant payments with their FedNow scheme in 2023. The transaction itself is not fraudulent, but the scam that caused the person to make the payment is the fraud.

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Real Time Payments Financial Crimes Crime Account Takeovers 92

Seon

APRIL 18, 2024

Advancements have not increased the complexity of fraud tactics but have significantly amplified their scale, making it easier for less sophisticated fraudsters to execute more significant scams with broader reach. Often, the fraudsters enter through impersonation, a romance scam or another type of social engineering fraud scam.

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Authorization Technology Fraud Prevention Real Time Payments 52

FICO

AUGUST 16, 2022

At FICO World 2022, I hosted a session where we talked about global fraud trends like authorized push payment scams and romance scams. Fraud Ideas from FICO World 2022 – and Excitement for 2023! Senior Director, Product Management. expand_less Back To Top. Tue, 08/16/2022 - 11:10. But here in the U.S., Debbie holds a B.A.

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Compromise Romance Scams Push-to-Card ATM 52

FICO

JUNE 14, 2022

At the last FICO World in 2019, a speaker from a UK bank talked about the increase of scams that were impacting them and their customers. It was a very popular session, but it seemed not many delegates had the degree of exposure to scams that some of the UK banks had experienced. Find out more about FICO World 2023.

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Bots Scams Financial Crimes Romance Scams 52