Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Major risk factors for PayFacs include fraudulent transactions, merchant credit risk, regulatory compliance, and operational risks.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

The Fintech Times

DECEMBER 28, 2023

Today our leaders address escalating challenges related to fraud and the need for businesses to take proactive measures to address these issues and maintain customer trust and regulatory compliance. “Thankfully, the UK government’s new anti-fraud strategy which was published in May could offer hope here. .

Fraud Prevention 81

Fraud Prevention Scams Fraud Detection Regulatory Compliance 81

The Fintech Times

AUGUST 29, 2024

Cashfree Payments , the Indian paytech and API banking solutions provider, has launched Secure ID, its end-to-end solution for identity verification, risk assessment and fraud prevention. Today, regulatory compliance is paramount for digital-first businesses to reduce losses and grow. With UIDAI recording 1.96

Checks 69

Checks Risk Assessment Security Payment APIs and Integration 69

Fraud.net

NOVEMBER 24, 2023

In this digital age, anti-money laundering is challenging. Find out what regulations apply to AML in banks and how you can remain compliant.

Regulatory Compliance 52

Regulatory Compliance AML Money Laundering Compliance 52

The Payments Association

SEPTEMBER 30, 2024

It highlights key trends, such as open banking, tokenisation, and fraud prevention, which are crucial for merchants to remain competitive and secure. Merchants need to continue adapting to new payment methods, collaborate with industry peers, and stay agile in balancing innovation and regulatory compliance.

Fraud Prevention 88

Fraud Prevention Instant Payments Alternative Payment Methods Participant 88

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

Seon

JUNE 20, 2024

The Payment Systems Regulator (PSR) has rejected requests to delay these new rules, emphasizing the urgency of enhanced fraud prevention measures. The regulation mandates that victims of APP fraud be reimbursed for losses up to £415,000, significantly higher than the industry-proposed threshold.

Fraud Prevention 52

Fraud Prevention Regulatory Compliance AML Instant Payments 52

Seon

SEPTEMBER 20, 2024

SEON recently brought together industry leaders from the online lending space to discuss the evolving landscape of fraud prevention and risk management. The Changing Face of Fraud In what many describe as an “unpredictable era,” lenders are collectively challenged to stay ahead of increasingly sophisticated fraudsters.

Risk 52

Risk Fraud Prevention Risk Management Deepfake 52

Seon

JULY 10, 2024

While both types of monitoring aim to protect businesses and their customers, fraud transaction monitoring focuses more on identifying and preventing criminal activities. In contrast, payment transaction monitoring ensures regulatory compliance and the proper processing of legitimate transactions.

Transactions 52

Transactions Fraud Prevention Regulatory Compliance Payments 52

Clearly Payments

SEPTEMBER 13, 2024

Fraud Prevention and Security: Many payment orchestrators incorporate advanced fraud detection tools , leveraging machine learning and AI to identify and prevent fraudulent activities. They also ensure compliance with industry standards like PCI DSS.

Payment APIs and Integration 77

Payment APIs and Integration Multi-Currency Payments Gateways 77

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

The Fintech Times

DECEMBER 9, 2024

For instance, AI will redefine fintech by enhancing personalised customer experiences, improving fraud detection and credit scoring, automating operations, and fostering financial inclusion through cost-effective digital banking solutions. Can you share any winning and losing strategies in the payments space from this year?

Payment APIs and Integration 97

Payment APIs and Integration Online and Mobile Banking AI Financial Inclusion 97

The Payments Association

OCTOBER 4, 2024

Fintech companies often operate with less regulatory oversight and lower overhead costs, allowing them to innovate more rapidly than established card networks and banks. Security concerns and fraud prevention One of the most significant challenges is the persistent threat of fraud.

Cross-Border Payments 88

Cross-Border Payments Online and Mobile Banking Cross-Border Alternative Payment Methods 88

Fintech Review

DECEMBER 3, 2024

Businesses also faced logistical challenges, including cash handling and fraud prevention. AI-powered fraud detection systems analyse patterns to identify suspicious activity in real time. Regulatory compliance adds further complexity, demanding robust systems and staff training.

Payment Solutions 86

Payment Solutions Payments Contactless Payments Online and Mobile Banking 86

The Payments Association

DECEMBER 18, 2024

Additionally, the focus on security through fraud prevention using artificial intelligence strengthens trust in the system. Real-time fraud detection systems will enhance trust and security by identifying and mitigating risks instantly.

Cross-Border 88

Cross-Border AI Push-to-Card Real Time Payments 88

Clearly Payments

JANUARY 10, 2024

These barriers to entry are substantial, encompassing technological, regulatory, and competitive aspects. Regulatory Compliance: The payments industry is subject to a myriad of regulations and compliance requirements imposed by national and international authorities.

Processors 84

Processors ISOs Embedded Finance Payments 84

EBizCharge

JULY 16, 2024

As transaction volumes or the complexity of the ACH services increase, institutions or service providers must enhance their fraud detection and prevention mechanisms. Entities handling this information must ensure storage and transmission encryption, preventing unauthorized access and potential breaches.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

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?

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

Segpay

OCTOBER 18, 2023

To combat transaction laundering, businesses and financial institutions must implement robust anti-money laundering (AML) and fraud prevention measures, regularly monitor transactions, and report suspicious activities to authorities. It can have severe legal and financial consequences for all parties involved.

Transactions 52

Transactions Due Diligence Money Laundering Legal 52

Clearly Payments

FEBRUARY 14, 2024

Yet, they grapple with issues such as fraud prevention and competition from innovative fintech startups. However, they struggle with user acquisition and regulatory compliance. With over 7.2 billion cards in circulation in the US in 2022, they play a significant role. trillion by 2027.

Payments 79

Payments Value Added Service BNPL ISOs 79

Nanonets

AUGUST 16, 2024

Artificial Intelligence (AI) AI is particularly brilliant at handling complex tasks like fraud detection, risk assessment, and claims adjudication. Advanced AI systems can cross-check claim details against policy data, third-party databases, and historical claim records to detect anomalies and assess the validity of claims.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

The Fintech Times

SEPTEMBER 19, 2024

This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer.

Risk 59

Risk Financial Crimes AML Risk Management 59

Nanonets

SEPTEMBER 27, 2024

These pain points span across various aspects of insurance operations, from customer experience and fraud prevention to operational efficiency and regulatory compliance. Fraud Detection    Automation aids in identifying and flagging suspicious patterns through data analytics and real-time monitoring.

Process 52

Process Underwriting Automation Database 52

Seon

JUNE 29, 2023

KYT is a regulatory compliance requirement. Learn How Fraud Detection APIs Help Protect You Learn how SEON’s APIs work, their benefits, and how they can stop fraud at your company. Ask an Expert What Does KYT Mean for AML Compliance? As such, it is part of an organization’s due diligence.

Transactions 52

Transactions Due Diligence Money Laundering AML 52

Nanonets

JANUARY 17, 2024

Fraud Prevention – Better Safe than Sorry : Without a robust expense management system, your business is like a house with the doors unlocked. InnovateX introduced automated expense approval workflows and anomaly detection. With ever-changing regulations, managing compliance manually is like juggling dynamite.

Payment APIs and Integration 52

Payment APIs and Integration Compliance Automation Audit 52

Nanonets

NOVEMBER 18, 2024

9 Ocrolus AI-powered processing with fraud detection 4.6/5 Fraud detection: Includes tampering detection and validation to identify suspicious activity, enhancing security in financial transactions. 5 No Custom pricing 43.8 2 Nanonets 98% data accuracy with AI and highly customizable workflows 4.8/5

Automation 52

Automation Volume AI API 52

Seon

MAY 10, 2024

If it’s determined a SAR needs to be filed, all the information needed can be found within case details, populated and filed directly with the regulatory authorities. Advance Your Fraud Prevention Fraud prevention and AML solutions must remain agile, adapting to the increasing signals of our digital-first world.

AML 52

AML Money Laundering SARS Suspicious Activity Report (SAR) 52

FICO

NOVEMBER 16, 2022

We asked about priorities, plans and requirements for enterprise fraud prevention and detection solutions , and the results are fascinating. As a long-time fraud fighter, I am always curious about the priorities and investment levels that executives are looking at for fraud solutions. Andrew Manuel.

Fraud Prevention 52

Fraud Prevention Compliance Fraud Detection AI 52

The Fintech Times

DECEMBER 5, 2024

Data is a driving force in fintech, underpinning everything from fraud prevention to smarter decision-making. This year saw organisations leveraging data in new ways, but the real challenge lies ahead: modernising systems and adapting to the regulatory changes that will shape its future.

FinTech 72

FinTech Database Consumer Financial Protection Bureau (CFPB) AI 72