Evolve Payment

OCTOBER 22, 2024

These AI-created images, videos, and audio content, called deepfakes, showcase how advanced AI generation tools have become. AI deepfakes often have convincing video and voice manipulation, making them increasingly difficult to identify–and this technology is only becoming more advanced and easily accessible.

Deepfake 98

Deepfake Verification Fraud Detection AI 98

Fintech News

NOVEMBER 6, 2024

Ant International is employing advanced artificial intelligence (AI) technologies to streamline and secure cross-border transactions for nearly 100 million SMEs across over 200 markets. This system, which has a detection success rate exceeding 99%, was developed over two years to counter AI-assisted fraud and bolster transaction security.

Cross-Border 107

Cross-Border AI Deepfake Transactions 107

Neopay

JANUARY 22, 2025

According to a recent report by the National Crime Agency (NCA), GenAI represents one of the most substantial threats to the fraud landscape today. Fraudsters are exploiting GenAI tools such as large language models (LLMs), voice cloning, and deepfakes to carry out increasingly sophisticated scams that are harder to detect and prevent.

AI 59

AI Deepfake Phishing Audit 59

Neopay

FEBRUARY 27, 2025

The financial sector is facing an unprecedented surge in AI-driven fraud, with deepfake-related attacks increasing by a staggering 2,137% over the past three years. of all fraud attempts detected in the financial sector now involve AI-generated forgeries, with deepfakes leading the charge.

Deepfake 52

Deepfake Fraud Detection Account Takeovers Fraud Prevention 52

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

Fintech News

FEBRUARY 19, 2025

LexisNexis Risk Solutions, part of RELX, has completed its acquisition of IDVerse , an AI-driven identity verification and fraud detection provider. IDVerse’s self-learning AI will contribute to more efficient and faster fraud detection model updates and improved accuracy in identity verification.

Risk 80

Risk Deepfake Fraud Detection Fraud Prevention 80

Finovate

AUGUST 14, 2024

The battle against fraud is a never-ending one. From the challenge of AI-powered deepfakes to the sad fact that many of our own bad habits continue to keep fraudsters in business, fintechs are busy developing solutions to help us get and stay at least one step ahead of the bad guys. ” Alex Shootman is CEO.

Credential 64

Credential FinTech Deepfake Fraud Detection 64

The Payments Association

OCTOBER 22, 2024

According to the Payment Systems Regulator (PSR) , the volume of APP fraud cases rose by 12% last year. This increase was driven by fraudsters leveraging sophisticated techniques, such as fraud networks, phishing scams and AI-generated deepfakes, to trick victims into authorising payments.

Rules 88

Rules Fraud Prevention Caps Deepfake 88

Fintech Finance

FEBRUARY 20, 2025

This partnership highlights the commitment of both organisations to enhance security and foster innovation within the payments industry. The move comes as Deloittes Center for Financial Services warns that fraud losses driven by generative AI could reach $40 billion in the US alone by 2027.

AI 52

AI Deepfake Verification Fraud Detection 52

Finovate

SEPTEMBER 18, 2024

“This strategic partnership will allow CLOWD9 clients to access both a compelling end-to-end identity solution and an AML screening solution with advanced AI-fraud detection capabilities,” CLOWD9 CEO and Co-Founder Suresh Vaghjiani said.

Fraud Detection 64

Fraud Detection Verification Payment APIs and Integration OFAC 64

The Fintech Times

DECEMBER 21, 2023

Today we hear insights from payments experts, including the adoption of tap-to-pay technology, the role of blockchain and AI in payments, flexible payment terms, security in authentication methods, PSD3 implementation, vertical-specific solutions, and the rise of digital wallets.

Cross-Border Payments 115

Cross-Border Payments Cross-Border Online and Mobile Banking Payments 115

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

Since securing a Series A funding round in November 2023, Lynx Tech introduced its AI-driven software solutions to solve clients’ most significant fraud and financial crime challenges. Specialising in detecting and predicting financial behavioural patterns, we continue to develop solutions based on our self-learning AI technology.

AI 59

AI Fraud Detection Fraud Prevention Phishing 59

Seon

JUNE 27, 2024

As AI-driven progress continues to surge, questions arise about maintaining its progress over the long term without compromising security. How can the technology driving novel and increasingly sophisticated fraud activities be harnessed to combat scams and cyber risks cost-efficient and effectively? Learn More Sources : 1.

Cybersecurity 52

Cybersecurity Fraud Detection Identity Theft Money Laundering 52

Finovate

MARCH 13, 2024

The integration will bring automated crypto transaction monitoring and secure data storage, as well as ensure regulatory compliance. This will enhance regulatory compliance and secure data storage, as well as provide automated crypto transaction monitoring for Chainalysis’ clients.

Verification 59

Verification Blockchain Travel Rule Regulatory Compliance 59

Finovate

MAY 16, 2024

Digital identity verification innovator Socure announced a partnership with identity-secured transactions company Proof. The partnership will combine Proof’s Defend solution with Socure’s Sigma Fraud suite to help companies fight fraud and forgery in authorizations, agreements, contracts, and forms.

Authorization 59

Authorization Verification OFAC Deepfake 59

PYMNTS

SEPTEMBER 11, 2019

Nicolas Dinh , chief operating officer of year-old Canadian financial startup STACK , recently spoke with PYMNTS about the key forms of fraud that nascent mobile financial services firms face and how companies can leverage security technologies and partnerships to gain customers’ trust. Partnering With Established Players.

Security 45

Security Online and Mobile Banking Procedures Deepfake 45

Fintech News

FEBRUARY 18, 2024

By implementing Sumsub’s no-code identity verification platform, dtcpay simplified Know Your Client (KYC) and onboarding to provide a smooth, secure user experience. This system was pivotal for refining the onboarding process, ensuring businesses could engage in transactions smoothly and with robust security.

Verification 117

Verification Travel Rule Multi-Currency Compliance 117

Finovate

FEBRUARY 29, 2024

Pay-by-bank is expected to see growth this year because of its potential to offer merchants enhanced security, increased speed of payments, and cost savings. This provides a higher level of security compared to other payment methods. “We We are very excited about our partnership with Trustly and its pay-by-bank business model.

Deepfake 64

Deepfake Verification Fraud Detection Push-to-Card 64

The Payments Association

APRIL 7, 2025

Continued investment in innovative fraud detection technologies and adaptive regulatory frameworks is essential to stay ahead of evolving financial crime threats. Digital wallets, open banking, and blockchain are increasingly becoming mainstream, leading to an evolving ecosystem where speed, security, and user experience are paramount.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention AML 88

Seon

SEPTEMBER 20, 2024

The rise of artificial intelligence (AI), machine learning (ML) and automation have all added new layers of complexity to fraud prevention at an unprecedented scale. For instance, fraudsters now leverage innovative technologies to create deepfakes, bypassing traditional identity verification methods like document ID checks and biometrics.

Risk 52

Risk Fraud Prevention Risk Management Deepfake 52

Fintech News

OCTOBER 28, 2024

Fighting deepfakes and fraudulent identities – Jumio’s holistic approach to building identity trust” with “Jumio Delivers Adaptive Verification as AI Fraud Projected to Hit US$40 Billion. Hong Kong police recently arrested 27 individuals linked to a deepfake scam that swindled victims out of $46 million.

Verification 120

Verification Deepfake AI Identity Theft 120

Fintech Finance

NOVEMBER 7, 2024

Ant International, a leading global digital payment and financial technology provider headquartered in Singapore, has been intensifying its integration of Artificial Intelligence (AI) technologies to enhance and secure millions of daily cross-border transactions for merchants across over 200 global markets.

Cross-Border 97

Cross-Border Deepfake AI Transactions 97

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?

AI 88

AI Fraud Detection Deepfake Fraud Prevention 88

Segpay

NOVEMBER 20, 2023

These same technologies have provided innovative solutions to security and privacy challenges. By partnering with the right payment processor, businesses in the adult industry can focus on what they do best, confident that customer data and financial transactions are secure. Challenges in the Use of AI in the Adult Industry Security.

AI 52

AI Privacy Fraud Detection Indemnification 52

The Fintech Times

MARCH 14, 2025

Within wider AI-driven topics fraud detection was an interesting one, in the session Dealing with AI, Fighting on both sides of Financial Fraud, experts discussed the dual role of AI, both as a weapon for fraudsters and a defence mechanism for financial institutions. Thats the problem. Her words landed with weight.

FinTech 59

FinTech Consumer Financial Protection Bureau (CFPB) Fraud Detection AI 59