The Payments Association

DECEMBER 9, 2024

The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. From fraud detection to customer support, AI-driven solutions are revolutionising how payments are processed and safeguarded. What is this article about?

Privacy 88

Privacy AI Payment Security Security 88

The Fintech Times

SEPTEMBER 11, 2024

This rise highlights growing concerns about the ability of social media platforms to detect and combat organised fraud, particularly as bots become more sophisticated. AI-powered fraud-as-a-service (FaaS) platforms have enabled these mass-scale attacks, contributing to APAC now holding the highest global fraud rate, with 3.27

Bots 59

Bots Deepfake Automation APACS 59

Finovate

AUGUST 14, 2024

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. Digital identity verification innovator Socure has unveiled its Selfie Reverification solution.

Credential 64

Credential FinTech Deepfake Fraud Detection 64

The Fintech Times

DECEMBER 10, 2024

AI-powered automated document authentication and fraud detection solutions provider, IDVerse is set to be acquired by data and analytics platform, LexisNexis Risk Solutions and become a part of LexisNexis Risk Solutions Business Services to combat AI-generated fraud. The terms of the transaction have not been disclosed.

AI 64

AI Risk Acquirers Deepfake 64

Finovate

DECEMBER 11, 2024

LexisNexis Risk Solutions has signed an agreement to acquire document authentication and fraud detection solutions provider IDVerse. The acquisition will enhance LexisNexis Risk Solutions’ ability to combat emerging threats such as AI-generated fraud and deepfakes. Terms were not disclosed.

Risk 52

Risk Acquirers Deepfake Fraud Detection 52

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

Fintech Finance

FEBRUARY 29, 2024

Socure , the leading provider of artificial intelligence for digital identity verification, sanction screening and fraud prevention, and Trustly , a leading global Open Banking payments provider, today announced an industry-first partnership to offer merchants and fintechs a streamlined onboarding and guaranteed Pay by Bank solution.

Fraud Prevention 52

Fraud Prevention Process FinTech Online and Mobile Banking 52

The Fintech Times

AUGUST 13, 2024

Fraudsters are leveraging artificial intelligence (AI) tools like voice cloning and deepfakes to create highly convincing fake audio or video messages to deceive victims into transferring money or revealing sensitive information. How do the Latin American AI and anti-fraud sectors compare to that of the rest of the world?

AI 59

AI Fraud Detection Fraud Prevention Deepfake 59

Seon

MAY 23, 2024

Historically, companies have resorted to a patchwork of point solutions and variegated tools across a fraud-fighting tech stack, leading to fragmented data and operational inefficiencies from switching from one solution to the subsequent and obfuscated risk views.

Fraud Prevention 52

Fraud Prevention Deepfake Fraud Detection Authentication 52

Seon

JUNE 27, 2024

These advancements have changed the way we approach cybersecurity and fraud detection. AI can generate synthetic identities, create deepfakes and lead other persuasive and difficult-to-detect social engineering tactics. Uncover Complex Fraud Patterns Continuously improve your fraud detection with proven AI insights.

Cybersecurity 52

Cybersecurity Fraud Detection Identity Theft Money Laundering 52

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

PYMNTS

SEPTEMBER 11, 2019

STACK implements various behind-the-scenes procedures — tokenization, identity verification and automated fraud detection, for example — and provides customer-facing options that give users a sense of control and transparency.

Security 45

Security Online and Mobile Banking Procedures Deepfake 45

Finovate

SEPTEMBER 18, 2024

Identity verification specialist ID-Pal announced a global strategic partnership with CLOWD9. The partnership will integrate ID-Pal’s AI-powered identity verification technology into CLOWD9’s payment solutions portfolio. ID-Pal made its Finovate debut at FinovateFall 2024 in New York.

Fraud Detection 64

Fraud Detection Verification Payment APIs and Integration OFAC 64

Finovate

FEBRUARY 29, 2024

Online payments expert Trustly and digital identity verification and fraud solutions provider Socure are combining their expertis, to launch a pay-by-bank solution with enhanced onboarding, leveraging the power of open banking. ” Nevada-based Socure was founded in 2012, focusing on its digital identity verification solution.

Deepfake 64

Deepfake Verification Fraud Detection Push-to-Card 64

Segpay

NOVEMBER 20, 2023

Online streaming video, credit-card verification sites, Web referral rings, and video technology like Flash can be traced back to innovations designed to share and sell adult content. Examples include the following: Facial recognition systems provide authentication and facial verification to confirm an individual’s identity.

AI 52

AI Privacy Fraud Detection Indemnification 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 116

Verification Deepfake AI Identity Theft 116