The Fintech Times

DECEMBER 19, 2023

Today we hear from industry experts on the growing impact of AI across various sectors and industries, highlighting its potential for transformation, efficiency improvement and enhanced customer experiences in 2024.

AI 78

AI Embedded Finance Due Diligence Finance 78

PYMNTS

DECEMBER 16, 2020

Fraud prevention developer Kount , however, is working to thwart these attacks with new bot detection solution that uses a customizable, rules-based detection system to differentiate between bad and good bots.

Bots 124

Bots Federal Trade Commission Monetary Loss AI 124

PYMNTS

FEBRUARY 26, 2020

Many chains have thus been turning to fraud detection programs driven by artificial intelligence (AI) to make the most of their limited prevention resources, leveraging various techniques to stop bad actors’ advances. AI to the Rescue. AI in Action. Selecting the Target.

Credential 56

Credential AI Fraud Detection Account Takeovers 56

PYMNTS

DECEMBER 20, 2019

Fraud prevention tech has to scale. 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. But in the digital fraud scene, merchants have to minimize chargebacks without alienating shoppers.

AI 55

AI Law Enforcement Fraud Prevention Issuers 55

PYMNTS

MAY 28, 2020

“As Kount broadens both its merchant and banking relationships, it is perfectly positioned to access all the dimensions of fraud activity enabling it to further expand its already highly-ranked fraud platform.”. As fraud threats evolve, we will continue to advance our products to protect our customers.”. Kount placed No.

Fraud Detection 52

Fraud Detection Fraud Prevention Account Takeovers Bots 52

PYMNTS

JUNE 13, 2019

More businesses are adopting artificial intelligence (AI) and other technology to fight fraud. According to the AI Innovation Playbook , 63.6 percent of FIs believe AI is an effective tool for stopping fraud before it happens, and 80 percent of fraud specialists using AI believe the technology could reduce payments fraud.

AI 44

AI Account Takeovers Fraud Detection Online and Mobile Banking 44

Nanonets

AUGUST 16, 2024

  This automation process leverages cutting-edge tools such as machine learning (ML), artificial intelligence (AI), and natural language processing (NLP).  Try Nanonets' free AI-powered OCR and workflow automation. For example, AI can easily read and verify receipts and reports against the policy terms.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

Seon

JANUARY 29, 2024

Account Takeover Fraud Detection While it can be challenging to catch ATO attempts, these attacks can be detected by monitoring for out-of-the-ordinary account behavior. Deploying end-to-end fraud prevention and detection software helps you keep track of user activity and helps you spot suspicious patterns.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

PYMNTS

APRIL 19, 2018

The banking industry is racing to embrace AI technology. He and his team, at The Open Vault (TOV) are looking to keep pace with other banks by debuting their own AI integrations. He and his team, at The Open Vault (TOV) are looking to keep pace with other banks by debuting their own AI integrations.

AI 40

AI AML Authentication Use Case 40

PYMNTS

OCTOBER 1, 2019

In the latest Mobile Order-Ahead Tracker , PYMNTS explores the latest developments in the world of digital ordering, including the rise of artificial intelligence (AI) and machine learning (ML), especially for QSRs protecting themselves against fraud. Artificial Intelligence to Fight Mobile Fraud. problematic.

Data Breach 57

Data Breach Breach Account Takeovers AI 57

PYMNTS

OCTOBER 30, 2019

This month’s Digital Fraud Tracker™ explores how technologies like artificial intelligence (AI) and machine learning are helping companies better defend their customers. Around The Digital Fraud World. percent of their total revenues to loan fraud — twice the loss that larger banks experience, according to a recent study.

Bots 40

Bots Cross-Border FBI AI 40

PYMNTS

NOVEMBER 27, 2019

Cybercriminals are thus increasingly turning to online platforms to perpetuate card-not-present (CNP) fraud. Customers and retailers are not the only ones being targeted, either: Fraudsters are also using automated bots to trick advertisers into paying money for false marketing impressions.

AI 60

AI Point-of-Sale (POS) Card Issuer Credit Cards 60

PYMNTS

JULY 13, 2020

A popular brute force method used to accomplish this is credential cracking , which involves fraudsters using bots to automatically plug potential usernames and passwords into login screens in the hopes of stumbling across the correct credentials.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

PYMNTS

DECEMBER 26, 2019

The latest iterations of third-party solutions are potent hybrids of machine learning and artificial intelligence (AI) — paired with actual humans — to make the tougher calls. Companies are getting much better at fraud detection and prevention, partly in response to its rapid spread. One analysis of more than 1.3

Fraud Detection 52

Fraud Detection Bots Law Enforcement AI 52

PYMNTS

FEBRUARY 13, 2020

I do believe that technology, data analysis, AI and machine learning have evolved to a stage where most of our services can move toward evaluating customers constantly to mitigate risk and make their experiences better across the board,” said Xie. Theoretically – but not actually. .

Authentication 98

Authentication Bots Identity Theft Mitigation 98

FICO

JANUARY 10, 2023

As criminals seek new paths to vulnerable customers and safeguards, fraud professionals are constantly alert to new patterns and always responding with new technology. Here are the five most-viewed posts from 2022 on the FICO Blog related to fraud. Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots.

Scams 52

Scams Posting Push-to-Card Compromise 52

Seon

MAY 28, 2024

The importance of robust fraud prevention and anti-money laundering (AML) solutions in the iGaming sector cannot be overstated. There is an opportunity to boost profitability by refining fraud prevention and AML efforts. Can You Spot the Bot?

Security 52

Security Fraud Prevention AML Bots 52

PYMNTS

SEPTEMBER 19, 2019

Current anti-fraud methods might be well-suited to detect bots in online and mobile advertising, but in Xie’s telling, artificial intelligence (AI) to pinpoint and prevent advertising fraud is perhaps the best tool to combat such thefts.

Online and Mobile Banking 53

Online and Mobile Banking Payments Bots Crime 53

Finovate

AUGUST 14, 2024

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. Johnny Ayers is Socure’s founder and CEO.

Credential 64

Credential FinTech Deepfake Fraud Detection 64

PYMNTS

NOVEMBER 16, 2018

That idea served as a major thread in a recent PYMNTS podcast discussion between Karen Webster and Brighterion CEO Dr. Akli Adjaoute about artificial intelligence (AI) and payments. Companies can use AI to strengthen the level of insight they have about markets, customers, everything,” Adjaoute said. That’s the promise.

AI 43

AI Fraud Prevention Online and Mobile Banking Money Laundering 43

PYMNTS

DECEMBER 2, 2019

The offering allows Ticketmaster users to register for early announcements about shows they may be interested in attending and then make purchases through unique access codes provided by the company to ensure that fans, not bots, are given the first chances to buy tickets. The program’s goal is twofold, Karyo said.

Point-of-Sale (POS) 52

Point-of-Sale (POS) Account Takeovers Credit Cards Duplicate 52

PYMNTS

OCTOBER 29, 2018

That’s what Feedzai is trying to do — it is using machine learning (ML), artificial intelligence (AI), human expertise and link analysis techniques to, in a way, map the genome of digital fraud so as to prevent it. It’s about combining insight and connecting the dots” when it comes to fraud, he told Webster. Human Role.

Fraud Prevention 79

Fraud Prevention Identity Theft Third-Party Service Provider Account Takeovers 79

CB Insights

JULY 20, 2017

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. Code42 specializes in cloud-based endpoint data security and recovery.

Cybersecurity 30

Cybersecurity Security AML PCI DSS 30

PYMNTS

JUNE 29, 2020

These credential abuse attacks come in a variety of forms, with some hackers choosing to overwhelm API defenses with simultaneous logins from a host of bots and others using more targeted techniques like phishing individual API developers and using their login credentials. percent of fraud attempts, according to one study.

MFA 96

MFA Risk Security API 96

FICO

MARCH 6, 2020

With the acquisition of Tonbeller in 2015, FICO expanded its fraud portfolio and moved into the growing market for financial crime and compliance solutions to bring the benefits of advanced analytics to a field dominated by rule-based systems. Here at FICO, AI is in everything we do. How will AI shape anti financial crime?

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

PYMNTS

FEBRUARY 11, 2020

The cybercrime-fighting tool was developed by PSCU’s in-house fraud experts and uses “cross-network analytics to create a 360-degree view of a member,” the company said. This tool enables PSCU to connect transactions using artificial intelligence (AI) across different platforms, individuals and merchants across any card.

Credit Union 56

Credit Union Credit Union Service Organization Blocks Bots 56

PYMNTS

OCTOBER 2, 2019

Banks are employing artificial intelligence (AI) and machine learning (ML) tools to strike that balance. Recent data found that 77 percent of banks are already putting AI solutions to use, Chase among them. The balance has to be just right. We never rely singly on one of our control layers,” he said.

Authentication 43

Authentication Wire Transfer AI Security 43

PYMNTS

AUGUST 8, 2018

The company designed Billy the Bot, a tool to automate invoice data entry into existing ERP and accounting systems, ingrained with machine learning capabilities that Feldman said can learn the “language” of an invoice that differs from supplier to supplier. ”

Duplicate 48

Duplicate Bots Facilitators Mitigation 48

Seon

MAY 8, 2024

Fueled by technology advancements and the widespread availability of affordable cloud computing, this evolution has democratized the ability to launch large-scale cyberattacks and fraud schemes, enabling virtually anyone to orchestrate them. 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