Remove Account Takeovers Remove Deepfake Remove Fraud Detection
article thumbnail

Em Conversa: Fighting AI Fraud With AI With Lynx Tech

The Fintech Times

Fraudsters are leveraging artificial intelligence (AI) tools like voice cloning and deepfakes to create highly convincing fake audio or video messages to deceive victims into transferring money or revealing sensitive information. How do the Latin American AI and anti-fraud sectors compare to that of the rest of the world?

AI 59
article thumbnail

Socure and Trustly Partner to Offer Industry-First Streamlined Onboarding and Open Banking Payments Process for Merchants and Fintechs

Fintech Finance

By combining Socure’s accurate and inclusive identity verification and fraud prevention ID+ platform with Trustly’s guaranteed Pay by Bank offering, merchants can onboard users and process payments in one integrated flow. Trustly, with direct banking integrations, provides instant Open Banking payments with transaction guarantees.

article thumbnail

Payments 2024: Predictions With Brightwell, 40Seas, Wink, ConnectPay, Swipesum, Paystrax

The Fintech Times

Despite the continued proliferation of the above payment innovations, comprehensive solutions offering a stellar user experience, robust fraud protection, and default safeguards akin to traditional credit cards remains elusive. First is an expected uptick in utilising AI for more complex processes, like data analysis and fraud detection.

article thumbnail

3 Ways Fintechs are Helping Financial Institutions Fight Fraud

Finovate

The battle against fraud is a never-ending one. From the challenge of AI-powered deepfakes to the sad fact that many of our own bad habits continue to keep fraudsters in business, fintechs are busy developing solutions to help us get and stay at least one step ahead of the bad guys. ” Alex Shootman is CEO.