Fintech News

MARCH 27, 2024

Leveraging its extensive experience and a US$10 billion investment in technology and innovation over the past five years, Visa aims to enhance fraud prevention and network security. Featured image credit: Edited from Freepik The post Visa Set to Roll out New AI-Powered Fraud Prevention Solutions appeared first on Fintech Singapore.

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Core

MARCH 19, 2024

The solution: robust government fraud detection mechanisms for payment systems. Here’s what compliance managers and auditors need to know to strengthen internal fraud prevention and safeguard public funds. When fraud persists for over five years, the average loss increases to $800,000.

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The Fintech Times

SEPTEMBER 26, 2024

Curve’s ‘staged wallet’ technology, he explains, enables the company to influence and control the transaction flow, enabling features like zero-fee foreign transactions, the ability to double-dip on rewards and enhanced fraud prevention.

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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.

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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.

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The Fintech Times

MARCH 27, 2024

Visa has introduced three new AI-powered risk and fraud prevention solutions to enhance security in digital payments. The new products, integrated into the end-to-end Visa Protect suite, aim to diminish fraud across immediate account-to-account and card not present (CNP) payments, as well as transactions both on and off Visa’s network.

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Fintech Finance

JUNE 5, 2024

As fraud continues to rise, there is an urgent need for reliable transaction monitoring and payment screening tools. Sumsub’s platform integrates features such as chargeback prevention and fraud detection, enabling companies to effectively mitigate risks associated with fraudulent activities and unauthorised transactions.

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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.

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Fintech Finance

MAY 29, 2024

In practice, Form3’s technology connects with Currencycloud’s customers via a simple API, to enable routing capabilities to drive its Payee Requester Services activity, reducing payment misdirection and increasing fraud detection. Today’s announcement follows Form3’s commercial partnership with Visa , announced in September 2023.

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Fintech Finance

OCTOBER 16, 2024

Swift today announced that it is rolling out new AI-enhanced fraud detection to help the global payments industry step up its defence as bad actors grow increasingly sophisticated. The group has so far developed a number of fraud detection use cases which are set to be tested in a sandbox environment.

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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.

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Finextra

AUGUST 1, 2024

At EBAday 2024, Marc Corbalan, Vice President, A2A Risk Solutions, Visa, explores fraud detection advances and strategies. However, Generative AI struggles with numerical data that includes patterns, which is what fraud analysts using search for.

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The Paypers

MAY 31, 2023

US-based fraud detection provider Sift has launched new capabilities that enable customers to promptly begin implementing fraud prevention strategies.

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Fintech Finance

MAY 22, 2024

The post Mastercard Accelerates Card Fraud Detection With Generative-AI Technology appeared first on Fintech Finance.

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The Paypers

MARCH 22, 2023

Credit card processor Zeta has partnered with fraud prevention company Featurespace to deliver a credit card processing and fraud detection solution for US-based issuers.

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The Fintech Times

JUNE 1, 2024

Meanwhile, the fraud landscape is rapidly changing. Over a third of fraud attempts (42.5 per cent) targeting financial institutions now use AI, according to a recent study by digital identity and fraud prevention solution Signicat. Overall, around 29 per cent of these AI-driven fraud efforts are successful.

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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.

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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.

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CB Insights

JULY 9, 2021

Unit21 , a fraud prevention platform, has raised $34M in Series B. California-based Unit21 is a no-code fraud detection software with use cases across transaction monitoring, identity verification, case management, operations management, analytics, and reporting. Capital, and South Park Commons. Want the full post?

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Seon

APRIL 11, 2024

This information also allows for the integration of AML checks, such as a match on a sanctions list or association with PEPs, to significantly alter the individual’s risk profile, thereby enhancing the overall effectiveness of fraud detection and prevention mechanisms.

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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.

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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.

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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.

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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. Kount placed No.

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FICO

MARCH 10, 2022

One of the most interesting takeaways for me is that banks have an opportunity for proactive, personalized customer communication, in the channel of their choice, to provide fraud detection and fraud prevention, as well as to manage fraud cases so that they can be bought to a conclusion more quickly and with a better customer experience.

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FICO

SEPTEMBER 28, 2020

I’ll be participating in an excellent panel, “ Balancing Fraud Prevention & the Customer Experience ,” at the first virtual edition of CBA LIVE , the must-attend annual event for the retail banking industry. Jason has been with Citizens for three years, leading the Fraud Detection and Claims Operations teams since 2016.

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The Paypers

OCTOBER 19, 2021

Hungary-based fraud prevention company SEON has updated its fraud detection solution with new capacities that augment fraud detection while reducing false positives.

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The Payments Association

OCTOBER 22, 2024

, argue that the lower cap may reduce the financial industry’s incentive to prevent fraud. Furthermore, the reduced compensation could result in banks taking a more lax approach to fraud prevention and leaving victims in the lurch, assuming they will be covered. AI is a double-edged sword in fraud prevention.

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The Paypers

JUNE 1, 2020

Barclaycard Payments has announced a new partnership with fraud prevention provider Kount to give Barclays Transact customers access to its fraud detection software.

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PYMNTS

JUNE 11, 2020

Fraud detection software platform NS8 has closed a Series A funding round for $123 million, led by Lightspeed Venture Partners , a press release states. The software utilizes real-time data analytics and real-time scoring to help merchants snuff out fraud and deliver seamless transactions, the press release says.

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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.

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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. .

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The Fintech Times

MAY 16, 2024

Using data to manage fraud detection This need for regulatory adaptation extends to fraud prevention as well. So how can payment companies use data to manage their fraud detection and prevention? Fraudsters typically have always been one step ahead of anything that the payment companies do.

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Fintech News

JUNE 5, 2024

These tools will also monitor user activities to prevent fraudulent activities from sign-up to transaction completion. Sumsub’s platform includes features like chargeback prevention and fraud detection, enabling companies to effectively combat fraudulent activities and unauthorised transactions.

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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.

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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. He’s also an exceptional leader with an entrepreneurial spirit and infectious energy.

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The Paypers

OCTOBER 20, 2022

Cloud-based payments service provider Checkout.com has announced the launch of its Fraud Detection Pro tool, a fully flexible solution used to solve online payments fraud and optimise revenues.

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