Finextra

JULY 29, 2024

NTT DATA, a global leader in business and technology services, today announced its strategic partnership with Lynx Tech, a revolutionary fintech company specialising in AI-driven fraud detection.

Fraud Detection 52

Fraud Detection AI FinTech Technology 52

Fintech News

FEBRUARY 4, 2024

Mastercard has adopted generative artificial intelligence (AI) techniques to strengthen security measures for consumers and the broader payments network. The introduction of generative AI technology marks a major step up, enabling the analysis of over one trillion data points to predict the authenticity of transactions.

Fraud Detection 85

Fraud Detection Visa AI Payments 85

The Paypers

JUNE 14, 2024

US-based Oscilar , a provider of AI-driven risk management solutions, has released AI-powered ACH fraud detection amid a rapid growth in ACH transactions.

Fraud Detection 45

Fraud Detection ACH AI Risk Management 45

Fintech Finance

OCTOBER 16, 2024

Swift today announced that it is rolling out new AI-enhanced fraud detection to help the global payments industry step up its defence as bad actors grow increasingly sophisticated. The group has so far developed a number of fraud detection use cases which are set to be tested in a sandbox environment.

Cross-Border Payments 98

Cross-Border Payments Cross-Border SWIFT AI 98

Finextra

JUNE 11, 2024

The use of AI in banking fraud detection is becoming more and more popular. Indeed, the statistics s.

Fraud Detection 64

Fraud Detection AI Innovation FinTech 64

Fraud.net

OCTOBER 13, 2023

Discover how financial institutions and fintechs can enhance fraud detection by incorporating AI/ML into rules-based fraud detection models.

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Fraud Detection Rules AI FinTech 52

Fintech Finance

SEPTEMBER 26, 2024

Justt , a leader in AI-powered chargeback mitigation, today announced a strategic partnership with Ravelin , a global provider of AI-native fraud detection and prevention solutions. According to the Ravelin Fraud and Payments Survey 2024 , 52.4%

Fraud Prevention 98

Fraud Prevention Fraud Detection AI Disputes 98

Nomentia

FEBRUARY 20, 2024

Artificial Intelligence (AI) and Machine Learning (ML) are two technologies that have been widely discussed in recent years. One such application is the detection of payment fraud. They offer a range of tools that are being gradually integrated into our personal and professional lives.

Fraud Detection 59

Fraud Detection Use Case AI Payments 59

Bank Automation

MAY 2, 2024

Card giants Mastercard and Visa leaned into AI and generative AI for fraud detection in the first quarter. “We continue to enhance our solutions with generative AI to deliver even more value,” Chief Executive Michael Miebach said during Mastercard’s May 1 earnings call.

AI 124

AI Visa Fraud Detection Continuity 124

The Paypers

OCTOBER 17, 2024

Swift has announced its plans to introduce a new AI-enabled fraud detection to support the global payments sector in mitigating fraudulent activities.

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SWIFT AI Fraud Detection Mitigation 64

Bank Automation

SEPTEMBER 9, 2024

Citizens Bank has deployed generative AI and automation in operations for activities including coding, customer service and fraud detection, and the efficiency gains are adding up. “We

AI 85

AI Fraud Detection Automation Security 85

Payments Dive

JULY 2, 2024

Research from the investment bank Jefferies suggests generative artificial intelligence could be used in the payments industry to improve fraud detection and make transactions happen faster.

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Fraud Detection AI Payments Research 178

Fintech Finance

SEPTEMBER 27, 2024

Airbas e, the leading procure-to-pay solution for mid-market and larger organizations, is excited to announce a new era in financial operations with its launch of AI-powered Touchless AP (accounts payable). Airbase’s AI-powered touchless AP system is built to handle every step of the accounts payable process with minimal human intervention.

AI 97

AI Accounts Fraud Detection OFAC 97

The Fintech Times

JUNE 1, 2024

Even worse, the fraud landscape shows no signs of improving, as bad actors increasingly utilise AI to increase the damage done to financial organisations. Meanwhile, the fraud landscape is rapidly changing. Over a third of fraud attempts (42.5 Overall, around 29 per cent of these AI-driven fraud efforts are successful.

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SWIFT AI Fraud Detection Fraud Prevention 124

Fintech News

JUNE 2, 2024

Swift, the global financial messaging cooperative, has announced two AI-driven experiments in collaboration with member banks to combat cross-border payments fraud which could potentially save the industry billions in fraud-related costs. Fraud cost the financial industry US$485 billion in 2023.

Cross-Border Payments 128

Cross-Border Payments Cross-Border SWIFT AI 128

The Fintech Times

JULY 29, 2024

Lynx Tech , the fintech specialising in AI-driven fraud detection, is scaling its solutions across the UK and European markets as it has identified NTT Data , the business and tech services provider, as the perfect partner to take the business forward. With the fraud detection firm monitoring 99.5

Fraud Detection 59

Fraud Detection Fraud Prevention Scams Regulations 59

Fraud.net

MAY 30, 2024

Discover the complexities & challenges of fraud detection in banking. Learn actionable solutions to combat evolving threats in finance.

Fraud Detection 52

Fraud Detection Finance Identity Theft Verification 52

The Fintech Times

JULY 19, 2024

The Monetary Authority of Singapore (MAS) has committed an additional S$100million to support the development of quantum and artificial intelligence (AI) technologies in the financial sector. Nevertheless, the level of AI-readiness and adoption varies across financial institutions in Singapore.

AI 129

AI Fraud Detection Use Case Scams 129

Fintech Finance

AUGUST 15, 2024

Sionic , a leading provider of real-time, Pay-by-Bank Commerce (PbBC) services, today announced the launch of its comprehensive fraud detection and mitigation service built exclusively for real-time, bank-to-bank payments at checkouts, whether online, mobile or in-store.

AI 97

AI Fraud Detection Technology Real Time Payments 97

Finextra

AUGUST 1, 2024

At EBAday 2024, Marc Corbalan, Vice President, A2A Risk Solutions, Visa, explores fraud detection advances and strategies. Generative AI is truly revolutionary and outperforms traditional AI when it comes to analysing text, voice, and imagery, namely describing when transactions are risky.

AI 59

AI Fraud Prevention Fraud Detection Risk 59

Fintech Finance

MAY 30, 2024

Pay.UK , the independent, not-for-profit operator of the UK’s national retail payments system including Faster Payments, Bacs and Direct Debit, can today announce the results of its pioneering fraud detection and prevention pilot in collaboration with partners Visa , Synectics Solutions and Featurespace.

Fraud Detection 52

Fraud Detection Overlay Service Crime Scams 52

FICO

JULY 31, 2018

This is the fifth in my series on five keys to using AI and machine learning in fraud detection. For continual performance improvement, fraud detection professionals should consider adaptive technologies designed to sharpen responses, particularly on marginal decisions. What Do You Need Besides the 5 Keys?

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Fraud Detection AI Fed Transactions 88

Finovate

JUNE 11, 2024

Identity proofing and fraud detection company AuthenticID launched a new solution today to detect deep fake and generative AI injection attacks. This works to bypass traditional fraud detection and identity verification methods.

AI 105

AI Fraud Detection Deepfake Verification 105

The Fintech Times

AUGUST 13, 2024

Identifying fraud in the age of artificial intelligence (AI) is much harder than it ever has been before. Fraudsters are more cunning and deceiving, taking advantage of those who either do not know or refuse to acknowledge the power of AI. What are some AI fraud trends we’re seeing in Latin America?

AI 59

AI Fraud Detection Fraud Prevention Deepfake 59

Fraud.net

MARCH 29, 2024

Discover advanced fraud detection systems used by banks and explore the solutions offered by Fraud.net for proactive fraud prevention.

Fraud Detection 52

Fraud Detection Fraud Prevention Identity Theft Account Takeovers 52

The Payments Association

FEBRUARY 19, 2024

Artificial intelligence’s impact on the payments landscape is nothing short of transformative – from personalised customer experiences and seamless cross-border transactions to enhanced security and prompt fraud detection, AI-driven innovations […] Read more

AI 88

AI Transactions Fraud Detection Cross-Border 88

Finextra

OCTOBER 10, 2024

Fraudulent activities within the financial services sector have escalated into a significant concern.

Fraud Detection 59

Fraud Detection Risk Management Risk AI 59

Segpay

FEBRUARY 21, 2024

5 minute read In recent years, generative artificial intelligence (generative AI) has emerged as a powerful force reshaping various industries. What is Generative AI? Generative AI is an advanced artificial intelligence technology that creates text and images.

AI 105

AI Innovation Fraud Detection Encryption 105

Finextra

FEBRUARY 16, 2024

Yogesh Patel, CTO, Outseer, discusses how the evolving capabilities of artificial intelligence are reshaping fraud detection and prevention, particularly in banking. Watch to learn more about how AI will impact the future of fraud.

AI 89

AI Fraud Detection Mitigation Security 89

FICO

DECEMBER 12, 2022

Network International & FICO Bring MEA Enterprise Fraud Detection. With FICO Falcon Fraud Manager, Network International uses AI and machine learning technology to score transactions across a rapidly expanding array of payment options. The Need for Enterprise-Level Fraud Detection. FICO Admin.

Fraud Detection 52

Fraud Detection AI Fraud Prevention Non-Bank 52

Fintech News

JULY 18, 2024

to support the development of quantum and AI technologies within the financial sector. In parallel, MAS is enhancing the existing AI and data grant scheme under FSTI 3.0 to support the progressive adoption of AI technologies. Additionally, MAS will develop AI platforms to address industry-wide use cases.

AI 115

AI Use Case Fraud Detection Scams 115

Finextra

OCTOBER 15, 2024

As financial institutions grapple with the increasing complexity of fraud in the digital age, the need for adopting advanced technologies like AI and real-time data analysis becomes clear. With a 50% boost in fraud detection through AI, this interview underscores the urgency for banks and fintechs to evolve their security strategies.

Fraud Detection 98

Fraud Detection Value Added Service AI Addressing 98

Fintech News

MAY 22, 2024

Mastercard has announced the implementation of generative AI technology to significantly accelerate the detection of compromised cards, enhancing protection for cardholders and securing the payment ecosystem. The new technology scans transaction data across billions of cards and millions of merchants at unprecedented speeds.

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Compromise Visa AI Fraud Detection 115

The Fintech Times

SEPTEMBER 3, 2024

Business analytics enterprise, IBM , has unveiled new technologies designed to significantly scale processing capacity across IBM Z mainframe systems helping accelerate the use of traditional AI models and Large Language Models (LLMs).

Use Case 64

Use Case AI Innovation CHIPS 64

The Fintech Times

APRIL 15, 2024

Artificial Intelligence (AI) has dominated discussion across all fintech sub-sectors for at least the last couple of years and continues to do so. With this in mind, it only makes sense that we delve into the impact that AI has had on the embedded finance space as part of our April monthly theme.

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Fintech News

FEBRUARY 14, 2024

Hawk AI, a Germany-based provider of artificial intelligence technology for fraud detection and anti-money laundering efforts, has announced Robin Lee as the new General Manager for its Asia-Pacific (APAC) operations. Robin Lee Robin Lee said, “I’m delighted to be joining Hawk AI.

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APACS AI Financial Crimes Money Laundering 109

Fintech Review

MAY 7, 2024

The fintech sector is currently undergoing a significant transformation, with artificial intelligence (AI) and machine learning at the forefront of this change. Fraud Detection with Machine Learning Furthermore, machine learning is significantly transforming the domain of fraud detection within the financial sector.

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AI FinTech Risk Assessment Fraud Detection 98