Nanonets

AUGUST 1, 2023

To address these challenges and unlock operational efficiency, organizations are turning to internal audit automation. By harnessing the power of advanced technologies such as Robotic Process Automation (RPA), data analytics, and artificial intelligence, businesses can revolutionize their auditing procedures.

Audit 52

Audit Automation Bots Risk Assessment 52

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. Many QSRs and third-party ordering apps are thus already using these tools to enhance their fraud detection procedures.

Credential 56

Credential AI Fraud Detection Account Takeovers 56

Nanonets

JULY 14, 2024

Modern invoice management tools automate much of the process. This automation can significantly reduce processing time and errors. By automating manual tasks, invoice management systems save time, reduce errors, and improve cash flow. Automate manual data entry processes using a workflow management system.

Automation 52

Automation Process Multi-Currency Online and Mobile Banking 52

Nanonets

SEPTEMBER 21, 2023

Finance automation  is revolutionizing the way businesses manage their financial processes, streamlining operations, and maximizing productivity. Key areas that can benefit from automation include  accounts payable ,  accounts receivable ,  spend and expense management , and  financial reporting.

Automation 52

Automation Finance Assessments Compliance 52

Fintech News

OCTOBER 28, 2024

Wimika’s solution, MoneyGuard, is a cyber fraud insurance solution that offers individual bank customers rapid reimbursement of lost funds within seven days. Powered by advanced fraud detection and seamless integration with financial institutions, it provides peace of mind and financial security against financial cyber fraud.

FinTech 114

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

Nanonets

AUGUST 20, 2023

Robotic Process Automation (RPA) has emerged as a powerful solution to achieve these goals.    RPA tools automate repetitive and time-consuming tasks, freeing up employees to focus on more strategic and value-added activities. Bot programming interface: RPA tools should provide a user-friendly interface for bot programming.

Bots 52

Bots Automation API Process 52

PYMNTS

JANUARY 9, 2019

As they craft their omnichannel strategies, most luxury retailers are using a variety of fraud detection programs to counteract increasingly devious methods. With our current fraud detection system, we are utilizing device fingerprinting,” Ciborowski said. “The

Fraud Detection 43

Fraud Detection Data Breach Account Takeovers Breach 43

PYMNTS

OCTOBER 8, 2020

One of the most promising tools QSRs leverage to fight fraud is artificial intelligence (AI), which studies have found can increase fraud detection rates by 50 percent and reduce false positives by 60 percent.

Innovation 56

Innovation Account Takeovers Fraud Detection Bots 56

CoinRemitter

MARCH 20, 2024

Enhanced Fraud Detection AI algorithms are capable of analyzing a vast amount of transaction data. Fraud detection can be insanely quicker and 90% more accurate after the inclusion of AI in crypto payments. The liquidity pool arbitrage bot consistently analyzes various liquidity for live price differences.

Blockchain 40

Blockchain AI Fraud Detection Payment Gateways 40

PYMNTS

JUNE 13, 2019

Old manual detection techniques like analyzing geolocations, IP addresses and discrepancies between billing and shipping addresses aren’t able to catch high-level attacks, and often result in false positives. Fraudsters are getting more sophisticated, making use of bots to mimic typical online shopping behavior.

AI 44

AI Account Takeovers Fraud Detection Online and Mobile Banking 44

Seon

MAY 28, 2024

Focusing on combating key issues like bonus abuse, multi-accounting, bot activity and affiliate fraud, we’ll examine the attack vectors that can diminish trust and financial stability if they are not addressed efficiently. Can You Spot the Bot? Strengthen Fraud Defenses Elevate iGaming security with advanced fraud and AML.

Security 52

Security Fraud Prevention Bots AML 52

PYMNTS

FEBRUARY 19, 2020

Fraud decisioning platforms have been perfecting technologies including adaptive ingestion, automated data governance, hybrid data management and pre-defined ontologies. The February Fraud Decisioning Playbook looks behind the trends in the travel industry, for instance, where one in five bookings are known to be fraudulent.

Law Enforcement 52

Law Enforcement Fraud Detection Bots Phishing 52

PYMNTS

APRIL 24, 2018

The highest bidder then uses a bot to run automated scripts that test username and password combinations against the breached site to weed out accounts that no longer work. Nipping Fraud in the Bud. Shem-Tov said the principles behind spotting ATO are similar to those behind traditional fraud detection.

Breach 50

Breach Bots Credential Data Breach 50

FICO

AUGUST 3, 2022

For payments, risk, fraud prevention and financial crimes professionals, FICO World 2022 delivered a wealth of information on rapidly emerging trends and solutions. Synthetic Identities and Application Fraud. The Rise of the Bots. Some customers had found that bots were being used to uncover the right 3 digits for the CVV.

Financial Crimes 52

Financial Crimes Crime Scams Bots 52

The Fintech Times

MARCH 31, 2024

Allianz Partners has got two AI bots working on travel claims. Florence, the second bot picks up some of the routine administration that can slow down claims – for example it automatically chases customers to provide documents that they’ve promised to get to us. ” Protegrity Alasdair Anderson, vice president, Protegrity.

Risk 64

Risk AI Underwriting Automation 64

PYMNTS

DECEMBER 13, 2019

According to one Mastercard study , about one-third of millennials and Gen Zers would let a bot plan their next trip in an automated fashion using data from their travel history. They are also arbiters of CX, so online marketplaces have to provide not just delightful prices, but also actual in-app delight.

Fraud Detection 52

Fraud Detection Data Breach Bots BNPL 52

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

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

FICO

JUNE 23, 2022

In case you missed it, FICO World 2022 was a very welcome return to in-person learning and networking for the global fraud detection and financial crime-fighting community. Fraud Detection and AML Collaboration. How FICO’s Fraud Detection Capabilities Can Help Manage Fraud and Financial Crime in the ‘New Normal’.

Financial Crimes 52

Financial Crimes Crime AML Fraud Detection 52

PYMNTS

OCTOBER 1, 2019

In an interview with PYMNTS , Chipotle CTO Curt Garner explained how account takeovers primarily occur through automated bot attacks that have an identifiable signature. Voice Ordering: The Next Fraud Frontier?

Data Breach 57

Data Breach Breach Account Takeovers Fraud Prevention 57

Fintech Labs Insights

JANUARY 11, 2017

Fintech example : Similar to B2C robo advisory platforms that leverage AI to automatically manage and rebalance users’ portfolios, advisors can automate their clients’ portfolios to minimize human error while still offering a personal touch. Fraud detection. AI is already heavily leveraged for use in fraud detection.

AI 30

AI FinTech Bots Advisors 30

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. What does FICO offer and how does it distinguish from other AFC solutions? It is also a mindset.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

CB Insights

AUGUST 16, 2017

AvidXchange , a fintech startup that automates invoicing and payment processing for midsize companies, aims to use its Q2’17 funding round to enhance its SaaS product offering and expand into new markets. AvidXchange. Valuation: $1.4B. Unicorn Round: $300M Series F.

Payment APIs and Integration 68

Payment APIs and Integration Cybersecurity Fraud Detection On-Demand 68

Fintech Labs Insights

AUGUST 2, 2016

Cyberfend’s security solution detects account takeover, payment fraud, and stolen credentials. By blending human cognitive science with machine learning the company’s fraud detection system has nearly eliminated false positives or false negatives. Bot traffic is up to 3x that of human traffic.

Bots 15

Bots Credential Account Takeovers Blocks 15

CB Insights

AUGUST 14, 2017

AvidXchange , a fintech startup that automates invoicing and payment processing for midsize companies, aims to use its Q2’17 funding round to enhance its SaaS product offering and expand into new markets. AvidXchange. Valuation: $1.4B. Unicorn Round: $300M Series F.

Payment APIs and Integration 28

Payment APIs and Integration Cybersecurity Fraud Detection On-Demand 28

FICO

JUNE 14, 2022

Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots. FICO's annual conference exposed some of the biggest fraud trends today, from the "scamdemic" to bot attacks. For that they need two things – automation and an unlimited supply of fake consumer identities. The Rise of the Bots.

Bots 52

Bots Scams Financial Crimes Push-to-Card 52

Nanonets

APRIL 5, 2023

The digital era has brought about an immense shift in the way businesses operate, with automation becoming a key driver of efficiency and productivity. What is intelligent process automation? Intelligent process automation replicates human activities and can even improve them over time.

Automation 98

Automation Process AI Fraud Detection 98

Seon

JUNE 21, 2023

Multi-use VCCs : With low-friction onboarding, fraudsters may use bots to try and generate cards en masse. Physical credit card holders : Fraudsters may use stolen account details to apply for VCCs, potentially leading to false negative fraud checks when virtual card transactions are made.

Credit Cards 52

Credit Cards Risk Online and Mobile Banking Phishing 52

The Fintech Times

FEBRUARY 7, 2025

According to Dan Wagner , CEO of Rezolve Ai , a platform that uses AI to automate employee and customer service requests, firms that are integrating AI will see the best response from their customers as the tech will enable them to respond to personalised instant demands.

AI 82

AI FinTech Bots On-Demand 82