Payments Source

JUNE 16, 2019

As bots dominate new internet traffic, their ability to help crooks launch account attacks and exploit personal information has never been higher, says NuData Security's Robert Capps.

Bots 83

Bots Accounts Security ISOs 83

Payments Source

AUGUST 4, 2020

EventBot is a particularly frightening development since it hides in an altered version of an app that seems legitimate and steals unprotected information in banking, wallet, payment and cryptocurrency mobile apps, says Appdome's Tom Tovar.

Bots 139

Bots Cryptocurrency Payments Risk 139

Payments Source

NOVEMBER 13, 2018

The massive number of fraudulent bot attacks on the payments ecosystem and financial services is compounded by the fact that many current data protection tools are not designed to detect this automated crime network.

Bots 75

Bots Crime AI Payments 75

PYMNTS

NOVEMBER 17, 2020

And Kount executive Gary Sevounts told PYMNTS in a recent interview that the frontline in that fight right now involves bots, those automated software apps that rapidly perform basic but often critical tasks. The reality of bots is that they’re pretty much in all areas of the customer experience and customer journey,” Sevounts said.

Bots 65

Bots Economy Blocks Near Real-Time 65

PYMNTS

JANUARY 12, 2019

The first of the new potential offerings is Bot Care, a healthcare robot designed for the elderly that is programmed to do things like offer medication reminders, health briefings and the ability to check vitals with a finger scan. The bot also offers yoga lessons, as well as the capability to make and send prescription refills.

Bots 71

Bots Payments Authentication Authorization 71

PYMNTS

NOVEMBER 11, 2020

Kount , which works in fraud prevention and identity trust, has rolled out its new Event-Based Bot Detection solution, which will provide a more comprehensive level of security for eCommerce, according to a press release emailed to PYMNTS. And today, we’re taking the next step with Event-Based Bot Detection.

Bots 58

Bots Fraud Prevention Security Addressing 58

Payments Source

AUGUST 26, 2019

As mobile payment applications increasingly integrate with social media platforms, fraudsters are using a mix of bots and human labor to increase their chances of a successful account takeover.

Bots 69

Bots Account Takeovers Mobile Payments Accounts 69

PYMNTS

JULY 30, 2020

In an effort to help companies reduce their accounts payable (AP) expenses, Zycus has rolled out artificial intelligence (AI)-powered bots for the last part of the procurement process, according to an announcement.

Bots 60

Bots Automation AI Fraud Detection 60

Fintech News

JUNE 11, 2024

Daranee Saeju, Assistant Governor of Payment System Supervision and Financial Service User Protection at the Bank of Thailand (BoT) , announced the launch of a new initiative to test programmable payment systems under the Enhanced Regulatory Sandbox framework.

Distributed Ledger Technology (DLT) 125

Distributed Ledger Technology (DLT) Bots Payments Risk Management 125

The Fintech Times

SEPTEMBER 11, 2024

Automated bot attacks on social media surged dramatically in the second quarter of 2024, according to AU10TIX ’s latest Global Identity Fraud Report. This rise highlights growing concerns about the ability of social media platforms to detect and combat organised fraud, particularly as bots become more sophisticated.

Bots 59

Bots Deepfake Automation APACS 59

PYMNTS

MARCH 25, 2020

The March edition of the Digital Fraud Tracker® explores recent developments, including the use of AI and ML to fight application fraud, the importance of separating good bots from bad bots, and the potential impact of the new coronavirus on the cybersecurity industry. Axos Bank on How to Separate the Good Bots From the Bad.

Bots 59

Bots Cybersecurity Phishing Fraud Prevention 59

Fintech News

SEPTEMBER 22, 2024

In 2023, the financial services industry continued to sustain the most automated bot attacks, with 1.8 the number of bot attacks in the sector decreased by 6% YoY. Automated bot attacks remained stable in 2023 compared with the previous year, though the targets shifted. Despite this high volume.

Accounts 143

Accounts Scams Bots Account Takeovers 143

Fintech News

SEPTEMBER 23, 2024

Five applicants have submitted bids for a virtual bank license, according to Somchai Lertlarpwasin, Assistant Governor of the Financial Institutions Policy Group at the Bank of Thailand (BOT). The submission window, which closed on 19 September 2024, followed a call from the Ministry of Finance and the BOT for interested parties to apply.

Central Bank 116

Central Bank Bots Caps Assessments 116

Finextra

JANUARY 22, 2025

Goldman Sachs is rolling out a Generative AI assistant to its staff in the first stage of a programme that aims to create a bot capable of thinking and acting like a veteran employee.

AI 123

AI Bots 123

Bank Automation

AUGUST 27, 2024

Bank of Montreal is deploying AI to improve customer experience and grow digital sales of its products to gain market share. In its third fiscal quarter of 2024, which ended June 30, BMO reported that nearly 3 million AI-enabled customer interactions were performed by its AI-driven chatbot, BMO Assist, according to its Aug. 27 earnings […]

Bots 80

Bots AI Product 80

Segpay

DECEMBER 9, 2024

Strengthen Account Security During account creation, use tools like CAPTCHA to weed out bots. Set limits on the number of transactions within a timeframe, and monitor activity linked to specific data points like IP addresses or devices.

Shutdown 105

Shutdown Gateways Fraud Prevention Authorization 105

Fintech Finance

APRIL 7, 2025

As GenAI agents become more mainstream, this detection will allow businesses to better distinguish between good bots, which assist shoppers, and bad bots, which abuse policies or engage in fraud.

Bots 55

Bots Payments Fraud Prevention Authentication 55

The Fintech Times

FEBRUARY 13, 2025

Traditional internet structures often categorise AI agents as bots, blocking their ability to perform legitimate tasks. Solving the challenge for AI agents SemanticPay builds a robust transaction infrastructure that allows AI agents to securely interact, access services, and engage in economic activity.

AI 59

AI Microtransactions Bots Payment APIs and Integration 59

PYMNTS

JULY 13, 2017

The digital retail revolution is well underway. Fusing technology into in-store experiences has officially gone mainstream, and retailers are looking for ways to go beyond the traditional mobile app.

Bots 85

Bots AI Contactless Payments On-Demand 85

Finextra

SEPTEMBER 19, 2024

Lighthub Asset, a Thai fintech powerhouse, and WeLab, a leading pan-Asian fintech platform, today announced that they have submitted an application for a Virtual Banking licence with the Bank of Thailand (BOT).

Bots 102

Bots FinTech 102

PYMNTS

MARCH 5, 2020

Zycus , which provides a comprehensive, end-to-end source-to-pay software suite in which it uses artificial intelligence (AI) technology, now has a new series of BOTs from its Zycus Merlin AI Suite, according to a press release. The BOTs will allow procurement and accounts payable (AP) teams to automate tasks considered mundane or repetitive.

Automation 97

Automation AI Bots Fraud Detection 97

Payments Source

JANUARY 25, 2019

Due to growing consumer expectations for 24/7 digital access and real time decisions, some organizations such as financial institutions and merchants have reduced the more stringent manual application review processes in order to open accounts quickly, according to Michael Lynch, chief strategy officer at InAuth.

Bots 84

Bots Accounts Risk Process 84

The Paypers

AUGUST 31, 2023

Arkose Labs , a bot management and account security solutions provider, has announced its inclusion on the Auth0 Marketplace by Okta.

Bots 45

Bots Accounts Security 45

Payments Source

OCTOBER 15, 2019

Detecting virtual bad actors means paying more careful attention to the digital interactions and touch points within your business, and how users interact with you through apps, websites or customer service centers, writes Accertify's Andrew Mortland.

Bots 72

Bots Service Center Payments Phishing 72

Payments Source

APRIL 30, 2020

Bots can complete tedious tasks, such as validating customer information against standard databases, more quickly and accurately than people and free up staff for other parts of the payment crime fight, says Genpact's Manish Chopra.

Bots 94

Bots Database Crime Payments 94

The Paypers

SEPTEMBER 6, 2024

Global technology company specialising in identity verification and management AU10TIX has launched its Q2 2024 Global Identity Fraud Report, which highlights substantial trends in large-scale organised identity fraud.

Bots 69

Bots Automation Verification Technology 69

Finovate

NOVEMBER 4, 2024

Money20/20 even featured its own AI bot named Aiana who interacted with the MC on one particular stage. At times, Aiana’s conversation with the MC seemed to be quite coherent and relevant, but the bot occasionally missed the mark.

AI 59

AI Bots Cross-Border Payments Rules 59

Bank Automation

DECEMBER 22, 2023

Digital bank bunq rolled out its generative-AI driven chatbot this week and expects the bot to automate most of its operations. Bunq launched the bot, Finn, on Dec. 20 and expects it to automate 90% of operations in 2024, a spokesperson from Amsterdam-based bunq told Bank Automation News. Finn is available to all users and […]

Automation 80

Automation AI Bots 80

The Paypers

DECEMBER 18, 2023

UAE-based cryptocurrency exchange Bybit has launched its Bot Copy Trading system to improve the trading experience of its users.

Bots 36

Bots Cryptocurrency 36

PYMNTS

JANUARY 9, 2019

Behind many shifting trends in small business (SMB) financial services — the rise of FinTech service providers, the emergence of artificial intelligence (AI), even regulatory efforts to promote bank switching — is a growing realization for the industry: Business owners don’t just want number crunchers and money holders; they want advisory services (..)

Small Business 71

Small Business Bots Accounts AI 71

The Payments Association

MARCH 19, 2024

Fintech company Unlimit has announced its entry into the Tanzanian market and received the Bank of Tanzania (“BOT”) licence, marking another significant step in its regional expansion. Read more

Bots 88

Bots Security Payments FinTech 88

Nanonets

OCTOBER 5, 2023

A Zendesk Answer Bot, powered by Large Language Models (LLMs) like GPT-4, can significantly enhance the efficiency and quality of customer support by automating responses. We will build a bot to answer incoming Zendesk tickets while using a custom database of past Zendesk tickets and responses to generate the answer with the help of LLMs.

Bots 52

Bots API Database Returns 52

PYMNTS

FEBRUARY 28, 2019

FedEx , for instance, recently unveiled its FedEx SameDay Bot concept, which the carrier said is in development with DEKA Development & Research Corp. The idea behind the bot is to let merchants accept customer orders and deliver them to customers on the very same day. along with DEKA Founder Dean Kamen (of Segway fame).

Bots 70

Bots On-Demand Research Technology 70

Fintech News

APRIL 16, 2024

With cashless payment becoming ubiquitous, the Bank of Thailand (BOT) is now paving the way for open finance, aiming to enhance consumer access to financial services. The BOT expects the advent of digital banking to heighten customer experiences, enhance financial services accessibility, and lower fees for consumers.

FinTech 120

FinTech Bots Central Bank Innovation 120

Payments Source

JULY 22, 2019

Today: Amazon Go preps a larger store; Western Union and MoneyGram add to their networks; Bots emerge for PSD2 compliance. The information you need to start your day, from PaymentsSource and around the Web.

Bots 86

Bots Compliance 86

PYMNTS

SEPTEMBER 22, 2019

Israel-based hybrid chatbot startup Servicefriend was acquired by Facebook to build customer service bots for its planned digital wallet Calibra , reports said on Saturday (Sept. Servicefriend was launched in 2015 by co-founders Ido Arad and Shahar Ben Ami to offer customer service using hybrid artificial intelligence (AI) bots.

Acquirers 76

Acquirers Bots CHIPS AI 76

The Fintech Times

JULY 22, 2024

Telegram is a free, multi-platform messenger that houses apps and bots for various functions including games and entertainment, and financial management. The new Altery embedded finance service, the Altery Payment Bot, will provide Telegram users with a seamless payment option they can use on daily digital interactions.

Embedded Finance 64

Embedded Finance Bots Finance Multi-Currency 64