Fintech News

OCTOBER 28, 2024

The shortlisted teams, comprising fintech firms and solution providers from regions including Australia, India, the United States, and Kenya, have presented proposals utilising technologies like Artificial Intelligence (AI) and Distributed Ledger Technology (DLT) to enhance financial well-being and resilience in today’s evolving economic landscape.

FinTech 114

FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 114

PYMNTS

JULY 13, 2020

Bad actors attempting ATOs seek to gain control of victims’ bank accounts without alerting FIs, and they therefore aim to obtain the login credentials necessary to smoothly move through FIs’ authentication measures. Some of these attacks see bots entering random words and numbers, while others involve entering common usernames and passwords.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

PYMNTS

JUNE 29, 2020

The most popular technique, credential abuse, involves fraudsters using compromised passwords and other login information to gain access to sensitive systems. There were 85.42 billion such attacks between December 2017 and November 2019, 16.55 billion of which targeted APIs, and of these attacks, 463.3

MFA 96

MFA Risk Security API 96

PYMNTS

AUGUST 19, 2019

In the latest Mobile Order-Ahead Tracker , PYMNTS explores the latest developments in the world of QSR rewards programs and how credential stuffing and account takeovers are plaguing the industry. Chipotle has been using artificial intelligence (AI) and machine learning (ML) for risk assessment with human assistance when necessary.

Account Takeovers 63

Account Takeovers Data Breach Bots Credential 63

Nanonets

OCTOBER 5, 2023

A Zendesk Answer Bot, powered by Large Language Models (LLMs) like GPT-4, can significantly enhance the efficiency and quality of customer support by automating responses. In simple terms, RAG enables the AI to pull in relevant information from a database or other sources to support the generation of more accurate and informed responses.

Bots 52

Bots API Database Returns 52

PYMNTS

DECEMBER 19, 2019

In the third quarter of 2019 alone, mass “bot” attacks on FIs and card accounts rose by 70 percent year on year, indicating that fraud is getting, well, faster. He pointed out that PSCU has pursued a strategy of leveraging those same weapons – AI and ML – against those same attacks through Linked Analysis, a fraud-fighting solution.

Credit Union 53

Credit Union Compromise Credential Bots 53

PYMNTS

MAY 28, 2020

Kount’s solutions are part of a network of trust and fraud signals known as the Identity Trust Global Network, connected in real-time to the company’s next-generation AI, which brings together unsupervised and supervised ML.

Fraud Detection 52

Fraud Detection Fraud Prevention Account Takeovers Bots 52

PYMNTS

APRIL 2, 2020

The trouble, Kount ’s Chief Customer Experience Officer Rich Stuppy told PYMNTS in a recent conversation, lies in discerning a good customer from the fraudster who has stolen their payment credential, lifted their identity or taken over their account.

Account Takeovers 61

Account Takeovers Credential Accounts Bots 61

PYMNTS

FEBRUARY 13, 2020

Nothing new really needs to be invented to do that, but providers like Apple, Google and Samsung are making improvements to their operating systems specifically to support these types of mobile identity credentials,” Vanderhoof said. Making Social Safe Again.

Verification 60

Verification Card Issuer Bots Phishing 60

PYMNTS

AUGUST 19, 2019

Artificial intelligence (AI) and machine learning play key roles in assessing risky transactions, as they can analyze thousands of transactions in a fraction of the time it takes a human analyst. In many situations, an AI can do the job all on its own.

Bots 43

Bots AI Account Takeovers Security 43

Nanonets

AUGUST 20, 2023

Understanding Robotic Process Automation Robotic Process Automation, or RPA, is a technology that uses software robots, or bots, to automate repetitive tasks and processes. These bots mimic human actions by interacting with various systems and applications, such as data entry, screen scraping, and decision-making.

Bots 52

Bots Automation API Process 52

Seon

MAY 8, 2024

The rise of generative AI is a double-edged sword, yielding significant productivity benefits while empowering fraudsters to craft more intricate and convincing scams at unprecedented volumes and velocities. This is where you can integrate residential proxy detection to bolster bot attack mitigation.

Online and Mobile Banking 52

Online and Mobile Banking Fraud Prevention Account Takeovers Bots 52

Seon

JANUARY 29, 2024

In layman’s terms, users may refer to account takeover fraud as account hacking – when they realize someone stole their online credentials. This is your complete guide to understanding and detecting account takeover (ATO) fraud in your business. What Is Account Takeover Fraud?

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

PYMNTS

JULY 1, 2016

I feel like there’s a gold mine of opportunities because so many services and information could be automated using AI, and bots are a perfect way to do that, and it’s disappointing at the moment that it’s mainly used for commerce transactions by ordering flowers and pizzas,” Browder said.

Consumer 40

Consumer Automation Bots AI 40

FICO

JANUARY 10, 2023

Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots. The Rise of the Bots. We heard how some customers had found that bots were being used to gain data, for example attempts to make a payment to a charity website were in fact criminals testing card details to uncover the right 3 digits for the CVV.

Scams 52

Scams Posting Push-to-Card Compromise 52

CB Insights

JULY 20, 2017

These companies address fraud, network access privileges and the management of login credentials, and offer products and services related to authentication. Others companies in this subcategory include Zenedge , which offers a cloud-based, AI-driven Web Application Firewall (WAF), malicious bot detection, and DDoS cybersecurity solutions.

Cybersecurity 30

Cybersecurity Security AML PCI DSS 30

Nanonets

MAY 22, 2023

Some apps may require an API key or other credentials. The answer bot learns from your website pages, Zendesk articles, and past zendesk ticket communications. Website and Zendesk Database Scanning : Allow approximately five minutes for the bot to scan your website pages and zendesk database. It listens for new Zendesk tickets.

Payment APIs and Integration 52

Payment APIs and Integration Database Automation Bots 52

Nanonets

NOVEMBER 15, 2023

Automate manual tasks and workflows with our AI-driven workflow builder, designed by Nanonets for you and your teams. from langchain.prompts import ChatPromptTemplate # Defining a chat prompt with various roles chat_template = ChatPromptTemplate.from_messages( [ ("system", "You are a helpful AI bot.

Returns 52

Returns API Database AI 52

The Fintech Times

JANUARY 24, 2024

Particularly since the release of OpenAI ‘s ChatGPT at the back-end of 2022, the world has sat up and taken notice of the potential of artificial intelligence (AI) to disrupt all industries in countless ways. “AI isn’t the problem, it’s the data. Not even generative AI can solve this challenge.

AI 75

AI Bots Credential Audit 75

PYMNTS

DECEMBER 20, 2019

That’s because fraudsters (especially state-backed ones, but other groups too) are now launching massive bot attacks that are getting almost as sophisticated as the top security software. SiS-id’s own analysis found that four in five businesses fell prey to hackers successfully posing as legitimate suppliers. That’s “clean” fraud.

AI 55

AI Law Enforcement Fraud Prevention Issuers 55