Fraud.net

OCTOBER 1, 2024

Discover how businesses of any scale can combat escalating fraud threats by adopting comprehensive enterprise fraud risk management.

Risk Management 52

Risk Management Best Practices Risk Fraud Detection 52

The Paypers

JUNE 14, 2024

US-based Oscilar , a provider of AI-driven risk management solutions, has released AI-powered ACH fraud detection amid a rapid growth in ACH transactions.

Fraud Detection 45

Fraud Detection ACH AI Risk Management 45

The Fintech Times

APRIL 15, 2024

“By analysing big data and rapidly assessing risks, AI empowers financial companies to make well-informed decisions. 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.

Embedded Finance 134

Embedded Finance AI Finance Assessments 134

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 121

Cross-Border Payments Cross-Border SWIFT AI 121

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

The Fintech Times

JULY 19, 2024

With the advent of generative AI, financial institutions have embarked on initiatives to map the technology’s opportunities and risks, and have begun piloting it across a range of use cases. These centres will focus on AI model building, training, deployment, governance, risk management, and monitoring.

AI 129

AI Fraud Detection Use Case Scams 129

The Paypers

JANUARY 26, 2024

The Federal Reserve Financial Services has launched a new ACH risk management service to help financial institutions in their fraud detection efforts.

Federal Reserve 36

Federal Reserve Risk Management ACH Risk 36

PYMNTS

DECEMBER 9, 2020

Managing credit risk used to be a reactive process. Bank customers would fall behind on their payments, and their banks might react by imposing fees or having a case manager work with them to bring their accounts back up to speed. The practical applications for AI extend far beyond credit risk assessment and detection, however.

Credit Risk 98

Credit Risk AI Risk Fraud Detection 98

Fi911

DECEMBER 19, 2023

The rapid evolution of technology and the escalating demand for online banking services have made machine learning (ML) an invaluable asset in preemptively tackling fraud risks. The Escalating Threat of Financial Fraud Financial crimes are on an upward trajectory. It also proactively predicts and prevents potential fraud risks.

Fraud Prevention 92

Fraud Prevention Fraud Detection Point-of-Sale (POS) Online and Mobile Banking 92

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 News

MARCH 27, 2024

Visa announced the expansion of its value-added services by introducing three new AI-powered solutions aimed at bolstering fraud and risk prevention. The Protect suite is among nearly 200 products under Visa’s portfolio, covering critical areas such as Acceptance, Advisory, Issuing, Open Banking, and Risk and Identity.

Fraud Prevention 105

Fraud Prevention AI Value Added Service Fraud Detection 105

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

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 119

AI Use Case Fraud Detection Scams 119

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

PYMNTS

NOVEMBER 9, 2017

According to Kyriba and researchers at CFO Research , who surveyed 167 financial executives at companies with up to $5 billion in annual revenue, there is a clear winner in terms of what the board of directors is most concerned about in terms of CFO responsibilities: fraud. ” Their concerns aren’t baseless, either.

Risk Management 43

Risk Management Risk Treasury AFP 43

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 113

FinTech ISO 20022 Fraud Detection Instant Payments 113

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

MAY 20, 2024

As regulatory expectations continue to evolve, it’s crucial for organizations to stay ahead of the curve and adapt their compliance strategies to mitigate financial crime risks effectively. The webinar aims to delve into the significant influence of AI on the financial sector, particularly in risk management.

FinTech 135

FinTech Embedded Finance BNPL AI 135

The Fintech Times

SEPTEMBER 19, 2024

However, risk orchestration is a process promising to help fintechs and financial institutions combine their customer onboarding, authentication and risk management processes into one place. “This is done through the integration of risk management, adaptive risk mitigation, process automation, and real-time analysis. .

Risk 59

Risk Financial Crimes AML Risk Management 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 95

FinTech ISO 20022 Fraud Detection Financial Literacy 95

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

Finovate

APRIL 1, 2024

The product of a presidential order and led by the Treasury’s Office of Cybersecurity and Critical Infrastructure Protection (OCCIP), the report highlights in particular the growing gap between the ability of larger and smaller institutions to leverage advanced AI technology to defend themselves against emerging AI-based fraud threats.

Treasury 64

Treasury Cybersecurity AI Risk 64

Fintech Finance

OCTOBER 17, 2024

This collaboration is the latest step in SoFi’s partnership with Galileo, which currently powers an array of Banking, Payments, Lending, and Risk products for SoFi Bank’s consumer business, including: Cyberbank Konecta : An AI-driven customer experience platform with digital assistants for 24/7 support.

Payment APIs and Integration 98

Payment APIs and Integration Technology Fraud Detection Payments 98

Fintech Finance

JULY 17, 2024

The growth of the team is driven by IT roles, including back-end developers, tech team leads, product managers, and risk management professionals in identity verification, fraud detection and investigations.

FinTech 94

FinTech Payment APIs and Integration Fraud Detection Risk Management 94

PYMNTS

DECEMBER 10, 2019

As of today, 85 percent to 95 percent of synthetic fraud identities are easily slipping past risk detection systems that are failing to flag them. These are sophisticated criminal organizations that are methodical, patient and extremely proactive.

Fraud Detection 63

Fraud Detection Data Breach Identity Theft Social Security 63

Fi911

MARCH 14, 2024

It can also help manage risk more effectively, and tailor fraud detection systems to the unique needs of each sales channel. This documentation helps banks assess the risk profile of the business and determine the appropriate transaction processing solutions. When Should a Bank Consider Terminating a MID?

Due Diligence 103

Due Diligence Processors Fraud Detection Money Laundering 103

Fintech News

DECEMBER 13, 2023

Marc Temple, Global Development Director at LexisNexis Risk Solutions “The crypto industry is comparatively unprepared as there is a need for tools and systems specifically designed to adapt to different regulatory frameworks easily,” explained Marc. Marc recommended implementing robust risk detection controls and processes.

Financial Crimes 117

Financial Crimes Money Laundering Crime Risk 117

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

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 94

Account Takeovers Fraud Detection Phishing Fraud Prevention 94

Nanonets

DECEMBER 13, 2023

In addition, AI can help insurance firms evaluate risk with high accuracy by analyzing large volumes of data. 1: Increased Accuracy and Reduced Errors AI in insurance claims processing plays a pivotal role in enhancing accuracy and reducing errors by automating various tasks and mitigating the risks associated with manual processes.

AI 102

AI Process Fraud Detection Compliance 102

Fintech Finance

OCTOBER 23, 2024

Merchants benefit from support for 30+ different payment methods and risk management solutions such as fraud detection and prevention, while customers enjoy advanced, secure protection from cybercrime.

Visa 97

Visa Digital Payments Gateways Technology 97

Fintech Finance

AUGUST 2, 2024

ComplyTek introduces an advanced transaction screening solution for instant payments , designed to ensure compliance and mitigate fraud within the critical 10-second processing window. Leveraging machine learning and AI, the platform offers comprehensive monitoring and fraud detection capabilities. Faisal I. ,

Instant Payments 94

Instant Payments Transactions Payment APIs and Integration Compliance 94

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 Payments Association

OCTOBER 14, 2024

While some argue that the reduced cap will alleviate the financial strain on smaller PSPs, others, such as fraud prevention experts, feel it weakens the push for stronger fraud detection systems within the industry. Regular reviews and updates of these measures are expected to adapt to evolving fraud tactics​.

Caps 88

Caps Fraud Prevention Fraud Detection Scams 88

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

Payments Source

MARCH 31, 2017

The technology's usefulness for fraud detection is clear, but there are other areas where AI can have an impact. Artificial intelligence is steadily making its way through the payments and financial services world.

AI 84

AI Fraud Detection Payments Technology 84

Clearly Payments

NOVEMBER 13, 2024

For payment processors and financial institutions, however, understanding BINs is essential for smooth transaction processing, security, and even risk management. Security and Fraud Detection : The BIN can provide valuable data points that help prevent fraud. What is a Bank Identification Number (BIN)?

Process 80

Process Processors Payments Compliance 80