Fi911

DECEMBER 19, 2023

In finance, AI’s role is becoming increasingly pivotal, particularly in fraud prevention and management. As digital banking services grow in popularity, the unfortunate byproduct is a corresponding rise in fraud. This trend underscores the question: Can AI truly integrate into the financial sector effectively?

Fraud Prevention 85

Fraud Prevention Fraud Detection Point-of-Sale (POS) Online and Mobile Banking 85

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 22, 2024

As fraudsters seek new ways to exploit technology, Mastercard is using generative AI to double the speed at which it can detect potentially compromised cards, further protecting cardholders and securing the ecosystem. In doing so it alerts Mastercard to new, complex fraud patterns.

Fraud Detection 97

Fraud Detection Visa AI Technology 97

The Fintech Times

MARCH 27, 2024

Visa has introduced three new AI-powered risk and fraud prevention solutions to enhance security in digital payments. Visa says security and fraud prevention are fundamental aspects of its operations. Visa says security and fraud prevention are fundamental aspects of its operations.

Fraud Prevention 59

Fraud Prevention AI Value Added Service Fraud Detection 59

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.

SWIFT 124

SWIFT AI Fraud Detection Fraud Prevention 124

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

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.

Fraud Detection 52

Fraud Detection Rules AI FinTech 52

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

JUNE 27, 2024

Explore emerging fraud prevention trends in response to rising digital threats in finance and how these redefine the fight against AI fraud.

Fraud Prevention 52

Fraud Prevention AI Finance Fraud Detection 52

Seon

MAY 23, 2024

across age groups and income brackets, the volume of digital activities and transactions are on the rise – and effective fraud prevention measures have never been more critical to safeguard a business’s bottom line. The global market for fraud detection and prevention solutions is expected to reach over $50 billion this year.

Fraud Prevention 52

Fraud Prevention Deepfake Fraud Detection Authentication 52

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

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.

APACS 109

APACS AI Financial Crimes Money Laundering 109

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

Seon

JULY 11, 2024

Guest panelists included James Nurse, Managing Director at FINTRAIL; Hannah Becher, Lead of Fraud and AML Surveillance at Pleo; Matthew Tataryn, Director of Financial Crime Risk at Tide Platform; and Jeremy Doyle, Director of Growth, AML Solutions at SEON. Below are the top takeaways from the discussion: 1.

Fraud Prevention 52

Fraud Prevention AML Money Laundering Financial Crimes 52

Fintech Finance

MAY 30, 2024

In a groundbreaking pilot in partnership with Pay.UK , Visa , a world leader in digital payments, has shown how leveraging the latest AI technology has the potential to drastically cut the £600m1 lost annually to account-to-account scams and fraud over recent years in the UK. In 2023, the UK saw 232,429 people falling victim to fraud.

Scams 52

Scams Faster Payments Fraud Detection AI 52

The Payments Association

OCTOBER 22, 2024

It aims to protect consumers from authorised push payment (APP) fraud but raises concerns about the adequacy of protection for larger fraud cases. Financial institutions must adopt AI-driven solutions and collaborate closely to proactively combat evolving fraud threats. AI is a double-edged sword in fraud prevention.

Rules 88

Rules Fraud Prevention Deepfake Caps 88

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

Seon

JUNE 7, 2024

With its mimetic capabilities, AI-generated fraud is harder to detect and occurs at unprecedented volumes and velocities. As a result, organizations face large volumes of fraudulent data, necessitating heightened vigilance and advanced detection methods to protect themselves – and their customers or users.

AI 52

AI Innovation Fraud Prevention Fraud Detection 52

The Paypers

NOVEMBER 3, 2021

Hungary-based fraud prevention company SEON has announced that its fraud detection and prevention app, powered by AI and machine learning, is now available for Shopify ’s merchants.

Fraud Prevention 36

Fraud Prevention Fraud Detection AI 36

Fintech Finance

SEPTEMBER 17, 2024

ID-Pal and CLOWD9 are delighted to announce their global strategic partnership to enhance secure and efficient identity verification processes in payment processing, by offering ID-Pal’s AI-powered technology as part of CLOWD9’s innovative payment solutions portfolio.

Process 95

Process Verification Money Laundering AML 95

Fintech Finance

OCTOBER 21, 2024

Award-winning Swiss FinTech, NetGuardians , known for its enterprise risk platform focused on combating bank fraud, has been chosen by PalawanPay , the e-wallet app from the Palawan Group of Companies, to bolster its fraud prevention measures.

Fraud Prevention 59

Fraud Prevention Account Takeovers APACS Scams 59

PYMNTS

JUNE 13, 2019

It’s nearly impossible for human analysts to examine every sign of malfeasance with banks processing millions of transactions each day, but that is exactly where learning technologies like artificial intelligence (AI) and machine learning (ML) can help. Using Data Science to Combat Fraud. How do you look for needles in a haystack?

Fraud Detection 51

Fraud Detection AI Money Laundering Fraud Prevention 51

Fintech Finance

MARCH 18, 2024

Stratyfy will be joining FIS on the panel “Advancing The Blueprint For Fraud Protection In Modern Banking” at CBA Live on Monday, March 25th, at 8 a.m. The post FIS Offers Greater Card Fraud Detection Through New Artificial Intelligence Collaboration appeared first on Fintech Finance.

Fraud Detection 59

Fraud Detection Transactions Rules FinTech 59

Fraud.net

DECEMBER 4, 2023

Learn how to utilize Fraud.net’s fraud prevention maturity model to optimize your risk management strategy and leverage machine learning.

Fraud Prevention 52

Fraud Prevention Risk Management Risk Money Laundering 52

PYMNTS

MAY 28, 2020

Digital-fraud-protection company Kount said Thursday (May 28) that Mercator Advisory Group has named it the best eCommerce Fraud Detection Solution from among more than 40 products ranked. 1 in the detection/action and delivery categories and had the highest score overall — 4.58 Kount placed No.

Fraud Detection 52

Fraud Detection Fraud Prevention Account Takeovers Bots 52

Fintech Finance

MARCH 20, 2024

Network International , the leading enabler of digital commerce across the Middle East and Africa, has extended the benefits of Mastercard’s Brighterion fraud prevention solution, powered by artificial intelligence (AI), to over 60,000 merchants.

AI 52

AI Fraud Prevention Visa Fraud Detection 52

The Fintech Times

SEPTEMBER 19, 2024

Identity verification platform ID-Pal will have its AI-powered technology integrated into, B-Corp-certified issuer processing platform, CLOWD9 ‘s payment solutions portfolio. It offers data security standards, real-time verification and 100 per cent AI-powered technology. It authorises transactions and initiates payments.

Verification 64

Verification Process AML Fraud Detection 64

Finovate

SEPTEMBER 26, 2024

Visa is acquiring fraud prevention company Featurespace to enhance its own fraud detection and risk-scoring solutions. Visa signed an agreement to acquire fraud prevention company Featurespace today. based company offers AI-based tools that analyze transaction data to detect fraud. .

Acquirers 64

Acquirers Fraud Detection Fraud Prevention Debit Card 64

Finovate

APRIL 1, 2024

If there is one area where AI is making a massive impact in financial services, that area is cybersecurity. Treasury Department underscores the opportunities and challenges that AI represents to the financial services industry. A recent report from the U.S. These observations are among ten takeaways from the report shared last week.

Treasury 64

Treasury Cybersecurity AI Risk 64

Seon

SEPTEMBER 20, 2024

SEON recently brought together industry leaders from the online lending space to discuss the evolving landscape of fraud prevention and risk management. The Changing Face of Fraud In what many describe as an “unpredictable era,” lenders are collectively challenged to stay ahead of increasingly sophisticated fraudsters.

Risk 52

Risk Fraud Prevention Deepfake Risk Management 52

Payments Source

JULY 9, 2019

Elavon will work with Mastercard and its Brighterion AI unit to battle payment card fraud, the companies said in a Tuesday press release.

Fraud Detection 74

Fraud Detection Visa AI Payments 74

PYMNTS

OCTOBER 28, 2019

Digital fraud prevention company Kount is rolling out a complete solution to protect companies from criminal and friendly fraud, the firm announced in a press release on Monday (Oct. Kount’s digital fraud prevention uses artificial intelligence (AI) that mimics a fraud analyst.

Fraud Detection 40

Fraud Detection Fraud Prevention Gateways AI 40

The Fintech Times

AUGUST 17, 2024

Empowering businesses NeuroID’s behavioural analytics solutions are available through CrossCore on the Experian Ascend Technology Platform as a key fraud-detection capability. Experian’s identity verification and fraud prevention solutions helped clients avoid an estimated $15billion in fraud losses globally last year.

Risk 59

Risk Fraud Detection Bots Identity Theft 59

The Paypers

OCTOBER 29, 2021

US-based fraud prevention company DataVisor has partnered with analytics and technology company Equifax to combine identity data from Equifax with its AI signals.

Fraud Detection 53

Fraud Detection Fraud Prevention AI Technology 53

Nanonets

DECEMBER 25, 2023

Enter Artificial Intelligence (AI), a technological powerhouse reshaping industries across the globe. AI emerges as a transformative force in healthcare claims processing, promising to revolutionize how we handle, assess, and streamline the intricacies of claims submissions and reimbursements.

AI 59

AI Process Payer Fraud Detection 59

Fintech Finance

MAY 30, 2024

Swift has today announced two AI-based experiments in collaboration with its member banks, to explore how the technology could assist in combatting cross-border payments fraud and save the industry billions in fraud-related costs. AI’s capability for confidential data sharing could be a game-changer for the industry.

Cross-Border Payments 64

Cross-Border Payments Cross-Border SWIFT AI 64

The Payments Association

SEPTEMBER 30, 2024

It highlights key trends, such as open banking, tokenisation, and fraud prevention, which are crucial for merchants to remain competitive and secure. The discussion covered a wide range of topics, from the increasing diversification of payment methods to fraud prevention and regulatory concerns. Why is it important?

Fraud Prevention 88

Fraud Prevention Instant Payments Alternative Payment Methods Participant 88