Fintech Finance

OCTOBER 3, 2024

Additionally, 96% of these institutions suffered financial losses due to fraud, with 70% reporting losses exceeding $500k during that period. This underscores the critical need for advanced fraud prevention in the financial sector, a need that Alloy’s platform will directly address within Numerated’s commercial lending solutions.

Fraud Prevention 97

Fraud Prevention Risk Management Credit Union Automation 97

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.

Fraud Prevention 105

Fraud Prevention AI Value Added Service Fraud Detection 105

Fintech News

JUNE 10, 2024

Our combined expertise will provide financial institutions with the tools needed for smooth instant payment processing, reducing errors and fraud, and ensuring compliance with regulatory mandates across the world.” said Alain Raes, Co-founder and CCO of iPiD.

Fraud Prevention 117

Fraud Prevention Global Payments Payee Verification 117

The Payments Association

NOVEMBER 21, 2024

The latest addition to this network is Forter, a global leader in AI-powered fraud prevention, who joins Paydock in transforming fraud detection and prevention for online businesses. By automating fraud detection, businesses can eliminate manual reviews, accelerating fulfilment and providing a smooth customer experience.

Fraud Prevention 88

Fraud Prevention Payment APIs and Integration Alternative Payment Methods Fraud Detection 88

Fintech Finance

SEPTEMBER 26, 2024

Justt , a leader in AI-powered chargeback mitigation, today announced a strategic partnership with Ravelin , a global provider of AI-native fraud detection and prevention solutions. According to the Ravelin Fraud and Payments Survey 2024 , 52.4% The solution is now live and available to all merchants on Ravelin’s platform.

Fraud Prevention 98

Fraud Prevention Fraud Detection AI Disputes 98

Seon

AUGUST 27, 2024

With fraud losses estimated to cost global businesses billions annually, the need for effective fraud prevention strategies has never been more critical. The webinar discussed the limitations of traditional fraud prevention methods and the necessity of adopting a more proactive, technology-driven approach.

Fraud Prevention 89

Fraud Prevention Risk Money Laundering AI 89

The Payments Association

JUNE 7, 2024

Tony Sales, a former fraudster turned fraud prevention specialist and co-founder of WeFightFraud, shares his perspective on effective strategies and technologies businesses can use to protect against evolving threats. Read more

Fraud Prevention 88

Fraud Prevention Technology Financial Crimes Crime 88

The Payments Association

JUNE 7, 2024

Adopting ISO 20022 is essential for modernising cross-border payments, enhancing fraud prevention, and ensuring seamless interoperability and efficiency in international financial transactions. Read more

ISO 20022 88

ISO 20022 Cross-Border Payments Cross-Border Fraud Prevention 88

The Payments Association

SEPTEMBER 26, 2024

With traditional systems unable to deal with the agile nature of fraud in today's payments space, new approaches such as 'Collaborative Intelligence' and 'Inbound transaction screening' will be seen as key to further improve fraud prevention for financial institutions.

Fraud Prevention 88

Fraud Prevention Rules Risk Transactions 88

The Fintech Times

APRIL 24, 2024

The post Mastercard Takes On Scammers with AI-Driven Fraud Prevention Tools appeared first on The Fintech Times. “Mastercard’s industry expertise and innovative technology will support our global network’s commitment to stopping scams and protecting consumers.

Fraud Prevention 105

Fraud Prevention Visa AI Scams 105

Payments Dive

JANUARY 9, 2024

Swipe fee battles, real-time payments, fraud prevention and acquisition plans will be among the hot topics pulsing through the industry this year.

Payments Trends 194

Payments Trends Fraud Prevention Real Time Payments Payments 194

Fi911

DECEMBER 18, 2024

But, did you know it can also be used to help stop card-not-present fraud? Geolocation & Fraud Prevention Geolocation helps prevent fraud by verifying the location of a user or device during transactions, especially in card-not-present scenarios. Can Geolocation Technology Be Spoofed?

Fraud Prevention 52

Fraud Prevention Fraud Detection Addressing Authentication 52

The Fintech Times

OCTOBER 28, 2024

Instant payments and fraud prevention have quickly become the areas fintechs need to focus on most, according to the third portion of the ‘2024 Payment State of the Union’ study by Discover Global Network , the global payment network.

Fraud Prevention 72

Fraud Prevention Instant Payments Consumer Emerging Payments 72

Payments Dive

JANUARY 16, 2024

The card issuer is selling the business, which offers online fraud monitoring services to merchants, to the joint venture investment firm Accel-KKR.

Fraud Prevention 103

Fraud Prevention Card Issuer Issuers 103

Fintech Finance

AUGUST 1, 2024

In partnership we can identify and stop fraud and financial crime and make the world a safer place to transact.” ” The post PAYSTRAX Has Selected Featurespace to Tackle Fraud Across Europe, Demonstrating the Strength of Its Fraud Prevention Technology appeared first on FF News | Fintech Finance.

Fraud Prevention 98

Fraud Prevention Financial Crimes Crime Technology 98

The Payments Association

AUGUST 1, 2024

The move to ISO 20022 brings benefits like enriched data and improved fraud prevention, requiring a strategic approach and decisions between building in-house solutions or partnering with vendors. Read more

ISO 20022 160

ISO 20022 ISOs Fraud Prevention Compliance 160

The Nilson Report

DECEMBER 5, 2024

The post Bectran Partners with GIACT for ACH Fraud Prevention appeared first on Nilson Report.

Fraud Prevention 52

Fraud Prevention ACH Posting 52

The Fintech Times

NOVEMBER 16, 2024

European financial service provider Mollie is officially launching in Italy, in a move to enable Italian businesses to access a single platform designed to simplify payment processing, reporting and fraud prevention.

Fraud Prevention 59

Fraud Prevention Process Cross-Border Payments 59

Basis Theory

MAY 16, 2024

Payment security is a key consideration for today’s digital merchants, as acquiring a reputation for not protecting customers’ payment details can be an existential threat.

Fraud Prevention 88

Fraud Prevention Processors Security Payments 88

The Payments Association

APRIL 25, 2024

The recently conducted UK Fraud Awareness Report has revealed that the British public has much to learn about fraud, from the definitions of certain terms to the benefits of using different forms of identity verification technology during onboarding. Read more

Fraud Prevention 88

Fraud Prevention Verification Technology Financial Crimes 88

The Fintech Times

NOVEMBER 16, 2024

. “Merchants are clearly focused on future-proofing their payments strategy to meet the growing demand for convenience and flexibility and address the major challenges around regulatory compliance and fraud prevention,” explained Ugne Buraciene , group CEO of payabl.

Fraud Prevention 59

Fraud Prevention Compliance Regulatory Compliance AI 59

Fintech Finance

DECEMBER 19, 2024

This will bolster Visas fraud protection capabilities and enhance security for its customers and consumers worldwide. Visa will add Featurespaces capabilities into its range of fraud prevention and risk-scoring offerings. The Featurespace business will become part of Visas Risk and Identity Solutions business unit.

Fraud Prevention 81

Fraud Prevention Financial Crimes Value Added Service AI 81

The Fintech Times

JUNE 2, 2024

Fraud prevention decision-makers across Europe are well aware of the growth and danger of AI-driven identity and financial fraud, but are unprepared to combat it, Signicat , the European digital identity and fraud prevention solution provider, has revealed in a new report.

AI 126

AI Fraud Prevention Deepfake Account Takeovers 126

The Payments Association

DECEMBER 11, 2024

Digital payments demand advanced fraud prevention, blending AI and human intelligence to counter evolving threats while ensuring seamless user experiences. Multifaceted approaches to fraud prevention Effective fraud prevention now requires a combination of technological and human intelligence, transcending traditional security models.

Fraud Prevention 88

Fraud Prevention Risk Assessment Payments Account Takeovers 88

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.

SWIFT 124

SWIFT AI Fraud Detection Fraud Prevention 124

Fintech News

MARCH 20, 2024

Sumsub, a global verification provider, is addressing the sharp increase in fraud networks in the Asia-Pacific (APAC) region with its enhanced Fraud Prevention Solution. This tool is designed to help businesses tackle fraud rings, account takeovers, chargeback fraud, and bot attacks.

APACS 104

APACS Fraud Prevention Deepfake Account Takeovers 104

Fintech News

SEPTEMBER 2, 2024

These include AML (anti-money laundering) screening, KYC (Know-Your-Customer) and KYB (Know-Your-Business) processes, as well as ongoing transaction monitoring and fraud prevention. LDP also facilitates compliance across new markets, supporting businesses as they expand globally.

APACS 121

APACS Privacy Regulations Fraud Prevention 121

Stripe

AUGUST 4, 2024

Global businesses have told us they’re interested in replicating the fraud-prevention success seen in Europe by requesting 3DS. Last year, we had a front-row seat as several Stripe users chose to do exactly that, but the results in the US were very different from what we have seen in Europe.

Fraud Prevention 105

Fraud Prevention Transactions 105

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.

Fraud Prevention 98

Fraud Prevention Account Takeovers APACS Scams 98

Fintech News

MAY 27, 2024

This technology enables fraudsters to exploit vulnerabilities in fintech platforms, necessitating advanced fraud prevention strategies. Impact on Both Consumers and Fintech Brands Fraud not only harms consumers’ financial and mental well-being but also erodes trust in APAC fintech brands.

APACS 115

APACS Data Breach FinTech Fraud Prevention 115

Fintech News

MARCH 21, 2024

SEON’s multi-layered fraud prevention solution employs machine learning and artificial intelligence to safeguard PayLabo users with transaction monitoring, device fingerprinting, and comprehensive assessments to mitigate unauthorised use. With SEON’s support, that ambition is possible.

Payment Service Provider (PSP) 110

Payment Service Provider (PSP) Fraud Prevention Cybersecurity Mitigation 110

Finextra

APRIL 25, 2024

Moderating her second panel of the day - Fraud prevention and AML: the need for behavioural biometrics in this instant age - Finextra’s senior reporter Niamh Curran spoke to Megan Heald, senior project manager at NICE Actimize, John Sam-Kubam, senior vice president at Crown Agents Bank, Beju Shah, head of Nordic centre at the Bank of International (..)

Fraud Prevention 105

Fraud Prevention AML Settlement Risk 105

Finextra

FEBRUARY 13, 2024

Additionally, we explain the key methods for ensuring seamless transactions across borders, leveraging ISO 20022 data and AI for fraud prevention, resilience, and scalability across all 13 markets. We explore the significance of interoperability and the prioritisation of standardisation to enhance cross-border transactions.

ISO 20022 108

ISO 20022 Cross-Border Fraud Prevention ISOs 108

Fintech News

JULY 31, 2024

Hawk, a provider of AI-driven fraud prevention and anti-money laundering (AML) technology, has secured additional Series B funding with Macquarie Capital. Macquarie Capital joines Hawks’ existing investor group, which includes Rabobank , BlackFin Capital Partners, Sands Capital, DN, Picus, and Coalition.

AI 95

AI Financial Crimes Fraud Prevention AML 95

The Payments Association

DECEMBER 19, 2024

Dialect, the payments specialist business outsource provider and Synalogik , the data aggregation and fraud prevention platform, are pleased to announce their new strategic partnership. Together, we’re setting a new standard for excellence and innovation in the fight against fraud.

Fraud Prevention 88

Fraud Prevention Money Laundering Financial Crimes AML 88

Fintech News

JUNE 19, 2024

Finastra’s clients will gain access to Sumsub’s comprehensive suite, including Know-Your-Customer (KYC), Know-Your-Business (KYB), fraud prevention, and transaction monitoring tools. ” said Martin ten Houten, VP of Business Development, Europe at Sumsub.

Compliance 109

Compliance Fraud Prevention Due Diligence Money Laundering 109

Fintech News

FEBRUARY 14, 2024

Hawk AI’s unique approach to using explainable AI for transaction monitoring and fraud prevention offers financial institutions a way to significantly reduce false positives compared to traditional anti-money laundering and counter-financing of terrorism solutions. We’re excited to have someone of his caliber onboard.”

APACS 112

APACS AI Financial Crimes Money Laundering 112