Seon

APRIL 23, 2024

In an era where digital transitions are omnipresent, the menace of online fraud and money laundering is continuously escalating, necessitating advanced solutions that enable organizations to stay ahead and mitigate activities across diverse industries. How Does Fraud Risk Management Work?

Risk Management 40

Risk Management Risk Technology Fraud Detection 40

Finovate

DECEMBER 4, 2023

Treasury Prime, an embedded banking software platform, has signed a strategic partnership with fraud and risk management platform Effectiv. Embedded banking software platform Treasury Prime has forged a strategic partnership with fraud and risk management platform Effectiv. Acquired by PayPal in 2018.

Risk Management 59

Risk Management Treasury Risk Transactions 59

The Paypers

JULY 19, 2023

US-based RiskOps platform for financial risk management Feedzai has introduced the Railgun fraud detection engine to tackle financial crime.

Fraud Detection 28

Fraud Detection Financial Crimes Crime Risk Management 28

The Paypers

OCTOBER 18, 2022

Global Processing Services (GPS), a global payments technology platform and provider of adaptive behavioural analytics for fraud detection and risk management company, Featurespace , have partnered to create a market issuer processing fraud mitigation solution.

Fraud Detection 36

Fraud Detection Mitigation Issuers Risk Management 36

Fintech News

JUNE 2, 2024

This initiative could transform confidential data sharing and improve global fraud detection. Additionally, the tests could lead to the wider use of information sharing in fraud detection, building on its success in assessing cybersecurity threats.

Cross-Border Payments 128

Cross-Border Payments Cross-Border SWIFT AI 128

Fi911

DECEMBER 19, 2023

This scale of fraud is challenging for systems dependent solely on human detection, especially considering the increasing volume of online transactions. Initially reliant on automated and rule-based systems, financial institutions are now turning to machine learning for more effective fraud detection.

Fraud Prevention 85

Fraud Prevention Fraud Detection Point-of-Sale (POS) Online and Mobile Banking 85

Fintech Finance

OCTOBER 17, 2024

Risk Management : Advanced fraud detection using machine learning, reducing fraud by 35% on average for Galileo clients. Payments and Card Issuing : A secure platform for digital payments,,virtual cards, and accounts, with easy API integration.

Payment APIs and Integration 97

Payment APIs and Integration Technology Fraud Detection Payments 97

Fraud.net

NOVEMBER 20, 2023

Transaction monitoring has evolved from a rules-based approach to an effective way to mitigate the risks of money-laundering and fraud.

Risk Management 52

Risk Management Money Laundering Transactions Risk 52

The Fintech Times

JULY 19, 2024

These centres will focus on AI model building, training, deployment, governance, risk management, and monitoring. Develop AI platforms for industry-wide use cases : Encourage collaboration on industry-wide issues, such as scam and fraud detection, by developing secure frameworks and platforms for data exchange.

AI 129

AI Fraud Detection Use Case Scams 129

Fintech News

JULY 18, 2024

MAS will support financial institutions in establishing AI innovation centres in Singapore for a range of functions including AI model building and training, deployment of AI models for high-impact use cases, governance and risk management, as well as testing and monitoring.

AI 115

AI Use Case Fraud Detection Scams 115

The Fintech Times

APRIL 15, 2024

This approach not only fine-tunes the assessment of credit risks but also customises financial products to meet individual requirements, balancing personalisation with risk management. “Finally, AI is reducing risk in the embedded insurance space.

Embedded Finance 134

Embedded Finance AI Finance Assessments 134

Finovate

MARCH 29, 2024

In this conversation, Vainu shared some of the real-world applications of Generative AI in areas such as risk management, fraud detection, and customer service. Code & Capital also talked with Head of Conversational AI at Zurich Insurance Group, Indrek Vainu.

AI 59

AI Deepfake Fraud Detection Advisors 59

Fi911

JULY 8, 2024

Furthermore, the growing sophistication of fraud techniques, including synthetic identity fraud and account takeovers, exacerbates the challenge. This makes it imperative for businesses to stay ahead with robust fraud detection and prevention strategies.

Account Takeovers 87

Account Takeovers Fraud Detection Phishing Fraud Prevention 87

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 Deepfake Risk Management 52

PYMNTS

NOVEMBER 9, 2017

More than a third (36 percent) of survey respondents said fraud monitoring and risk mitigation are the areas in which CFOs are most falling short. That’s followed closely by performance risk management and strategic/operational risk management, each cited by 32 percent of survey respondents as areas in which CFOs fail to deliver.

Risk Management 43

Risk Management Risk Treasury Email Compromise 43

Fintech Finance

MARCH 22, 2024

Cashfree Payments , India’s leading payments and API banking company, announced the launch of ‘RiskShield’, India’s first real-time risk management solution for payment gateways. It aims at reducing payment frauds upto 40%. We built ‘RiskShield’ to empower merchants to fortify their defense against Payment Frauds.

PCI DSS 52

PCI DSS Payment APIs and Integration Risk Management Payments 52

Fintech News

MARCH 27, 2024

In response to the escalating challenge of digital fraud, Visa has introduced Visa Deep Authorization (VDA), a solution utilising deep learning technology and vast data analysis to improve CNP payment security without hindering the user experience.

Fraud Prevention 105

Fraud Prevention AI Value Added Service Fraud Detection 105

FICO

MARCH 5, 2021

Look no further than the recently published Chartis Financial Crime Risk Management Systems: Enterprise Fraud Market Update and Vendor Landscape , 2021, where FICO was named as the top enterprise fraud Category Leader.

Fraud Detection 52

Fraud Detection Financial Crimes Crime Risk Management 52

The Fintech Times

MARCH 27, 2024

Utilising deep learning AI risk models and vast amounts of contextual data, VDA offers a new transaction risk scoring mechanism specifically optimised for card not present (CNP) payments.

Fraud Prevention 59

Fraud Prevention AI Value Added Service Fraud Detection 59

Fintech News

DECEMBER 12, 2023

They are focusing on digital transformation, developing customised credit solutions, and improving risk management. However, the rise in instant payment technologies also increases the risk of financial fraud, necessitating advanced security measures like machine learning and artificial intelligence for efficient fraud detection.

FinTech 98

FinTech ISO 20022 Fraud Detection Financial Literacy 98

Finovate

MARCH 13, 2024

This will impact how banks and fintechs use AI for customer interactions, underwriting, and fraud detection. Compliance and oversight The ruling specifically calls out banking as an “essential private and public service” and categorizes it as a high-risk use of AI.

AI 111

AI Laws Fraud Detection Assessments 111

Fintech News

DECEMBER 12, 2023

They are focusing on digital transformation, developing customised credit solutions, and improving risk management. However, the rise in instant payment technologies also increases the risk of financial fraud, necessitating advanced security measures like machine learning and artificial intelligence for efficient fraud detection.

FinTech 109

FinTech ISO 20022 Fraud Detection Instant Payments 109

FICO

APRIL 4, 2018

He caps a program with more than 70 sessions on AI, analytics, machine learning, cybersecurity, fraud detection and risk management. FICO is proud to have Garry Kasparov as our closing keynote speaker at FICO World 2018 , April 16-19 in Miami Beach.

AI 94

AI Fraud Detection Caps Cybersecurity 94

Fintech Finance

SEPTEMBER 27, 2024

Risk management and fraud detection: PayPal Complete Payments can help merchants take control of risk analysis fraud protection with advanced tools powered by machine learning, AI, and big data, which also reduces time spent managing disputes.

PayPal 98

PayPal Cross-Border Cross-Border Payments Payments 98

Nanonets

DECEMBER 13, 2023

The integration of fraud detection algorithms is paramount for error reduction. These algorithms analyze patterns and anomalies in the data to identify potential instances of fraud or misrepresentation. Lastly, AI's predictive capabilities extend to risk management.

AI 102

AI Process Fraud Detection Compliance 102

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

Fi911

JUNE 4, 2024

In addition to managing chargebacks, these professionals also play a crucial role in fraud prevention by identifying and investigating suspicious activity on customer accounts. Chargeback analysts are responsible for monitoring and analyzing chargeback trends to identify any potential risks or fraudulent activities.

Disputes 74

Disputes Fraud Prevention Compliance Processors 74

The Fintech Times

FEBRUARY 21, 2024

Ted Datta, head of industry practice, financial crime compliance and third-party risk management at Moody’s Analytics “Surprisingly, money laundering only accounts for five per cent of fraud in the UK in 2023, with corruption making 26 per cent and third-party fraud making up 20 per cent.

Financial Crimes 59

Financial Crimes Crime Compliance Scams 59

Clearly Payments

JANUARY 8, 2024

While these technologies bring unparalleled convenience and global reach, they also introduce a plethora of risks that can impact the financial stability and reputation of businesses. Identifying and Assessing Risks Understanding the lay of the land is the first step in effective risk management.

Risk Management 69

Risk Management Risk PCI DSS Process 69

Fintech Finance

MAY 30, 2024

The tests could lead to the wider use of information sharing in fraud detection, building on its success in assessing cybersecurity threats. These pilots are rooted in responsible use of AI and are aligned with emerging global standards, such as ISO 42001, the NIST AI Risk Management Framework and the EU AI Act.

Cross-Border Payments 64

Cross-Border Payments Cross-Border SWIFT AI 64

The Fintech Times

SEPTEMBER 26, 2024

Industry movers Creditinfo, a global service provider for credit information and risk management solutions, appoints Charles De Winnaar as its global head of sales strategy and sales operations. The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Thursday 26 September 2024.

FinTech 64

FinTech Payment APIs and Integration Fraud Detection Fraud Prevention 64

PYMNTS

MARCH 22, 2018

Fraud detection startup Sift Science has raised $53 million in a series D round, bringing its total amount raised to $107 million. Founded in 2011, Sift Science plans to use this latest round of funding to grow its fraud detection and prevention product globally. For example, Palo Alto-based Simility received $17.5

Fraud Prevention 43

Fraud Prevention Fraud Detection Account Takeovers Data Breach 43

Nanonets

MAY 31, 2023

The need for AI in finance In traditional finance functions, companies often rely on manual processes, extensive paperwork, and repetitive tasks to manage their financial operations. These tasks include data entry, invoice processing, and financial analysis for decision-making, operational planning, and risk management.

AI 122

AI Finance Fraud Detection Mitigation 122

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.

Fraud Prevention 52

Fraud Prevention Risk Management Risk Money Laundering 52

Finovate

APRIL 1, 2024

When it comes to building in-house, anti-fraud AI models, larger FIs are able to leverage their data in ways that smaller firms cannot. ” One of the more refreshing takeaways from the Treasury report relates to the “arms race” nature of fraud prevention.

Treasury 64

Treasury Cybersecurity AI Risk 64

PYMNTS

OCTOBER 1, 2020

Kount , the Boise, Idaho-based Software as a Service (SaaS) platform designed to simplify fraud detection and improve profitability, announced it has partnered with Verifi , the payment protection and management company.

Disputes 73

Disputes Fraud Detection Fraud Prevention Risk Management 73

M2P Fintech

JANUARY 3, 2024

Core banking systems must have integrated compliance features that can adapt to evolving standards and regulations for robust security and fraud detection. Cross-functional Capabilities (Accounting, CRM, Risk Management) Cross-functional capabilities go beyond basic account management.

Payment APIs and Integration 59

Payment APIs and Integration CRM Online and Mobile Banking Regulatory Compliance 59