Fintech News

MARCH 19, 2024

This collaboration will see Accredify integrating Okta’s advanced identity management solutions, including Single Sign-On (SSO) and Multi-Factor Authentication (MFA), to benefit its clientele.

MFA 107

MFA Deepfake Credential Privacy 107

The Payments Association

OCTOBER 22, 2024

Financial institutions must adopt AI-driven solutions and collaborate closely to proactively combat evolving fraud threats. As fraud continues to rise, especially with the emergence of AI-powered scams, is this new regulation enough to tackle the ever-evolving threat of financial fraud? AI is a double-edged sword in fraud prevention.

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Rules Fraud Prevention Caps Deepfake 88

The Fintech Times

MAY 24, 2024

Artificial intelligence’s (AI) emergence in the fintech scene has been a blessing and a curse. The survey found that 62 per cent of UK respondents are not very confident their organisation has the identity management tools to defend against bad actors’ use of AI. Fraud is on the rise, and it’s getting worse with AI.

Authentication 59

Authentication MFA Deepfake AI 59

The Payments Association

APRIL 7, 2025

The industry is now confronting emergent threats driven by technological advancements, such as AI-generated fraud and social media exploitation, amidst challenging economic conditions. Jessica Cath Head of financial crime, Thistle Initiatives We are witnessing the beginning of AI being used in financial crime.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention AML 88

Seon

SEPTEMBER 28, 2023

Password management : Using multi-factor authentication (MFA) and password managers. Future security measures, such as generative AI and deepfake detection – particularly given that biometric authentication will become increasingly challenged by AI-focused fraudsters in the years to come.

Security 52

Security Phishing Best Practices Data Breach 52

The Payments Association

DECEMBER 10, 2024

The article explores the growing threat of AI-enabled fraud in the payments sector and how firms can combat it with advanced technologies. It highlights the urgent need for payments firms to address AI-driven fraud to protect financial security, maintain customer trust, and comply with regulations. Why is it important?

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AI Fraud Detection Deepfake Fraud Prevention 88