Fintech Finance

OCTOBER 28, 2024

Nium, the leading global infrastructure for real-time cross-border payments, today announced the launch of Nium Verify , a real-time bank account verification solution for businesses and individual accounts, available across 50 markets. Verify ensures real-time verification of account details, reducing failure rates and preventing delays.

Verification 98

Verification Global Payments Accounts Cross-Border 98

PYMNTS

DECEMBER 9, 2020

9) that it’s successfully completed its acquisition of GIACT and has expanded its suite of products for fraud prevention and identity verification. GIACT’s real-time payment analytics are a great addition to our existing strength in anti-money laundering and digital identity verification,” he said, according to the release. “We

Fraud Prevention 80

Fraud Prevention Money Laundering Due Diligence Monetary Loss 80

Fintech Finance

OCTOBER 9, 2024

This verification process is crucial in mitigating fraud, preventing payment errors, and ensuring that funds are accurately directed to their intended recipients. Through this collaboration, PSPs connected to this interoperable solution will gain access to a crucial verification service. The post CBI and SEPAmail.eu

IBAN 105

IBAN Interoperability Payee Verification 105

Fintech Finance

JUNE 5, 2024

Sumsub , a global full-cycle verification platform, has joined the Mastercard Engage Partner Program as a technological partner focused on Digital First solutions. Sumsub will provide its full suite of verification and anti-fraud solutions to secure customers’ onboarding and ongoing compliance journey.

Fraud Prevention 52

Fraud Prevention Verification Visa Mitigation 52

Fintech News

SEPTEMBER 2, 2024

Global verification provider Sumsub has introduced Local Data Processing (LDP) capabilities in the Asia-Pacific (APAC) region. Sumsub’s LDP infrastructure is designed to assist regulated companies in securely managing and processing personal data, offering a suite of verification, anti-fraud, and compliance tools.

APACS 121

APACS Privacy Regulations Fraud Prevention 121

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

Finextra

MARCH 20, 2024

Sumsub, a leading global full-cycle verification platform, commits to tackling the alarming surge of fraud networks in Asia-Pacific (APAC) by launching its upgraded Fraud Prevention Solution.

Fraud Prevention 52

Fraud Prevention Account Takeovers APACS Bots 52

Fintech News

JUNE 19, 2024

Sumsub, a global verification platform, has joined forces with financial software provider Finastra to enhance compliance processes for financial institutions worldwide. By partnering with Finastra we make this need a reality, helping financial institutions strengthen their verification and anti-fraud processes.”

Compliance 109

Compliance Fraud Prevention Due Diligence Money Laundering 109

Payments Source

JUNE 16, 2020

In response to fraudsters seeking to capitalize on the COVID-19 influenced surge in e-commerce, Ekata has launched a new global digital ID verification tool to combat cybercrime.

Verification 112

Verification Fraud Detection Fraud Prevention Payments 112

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

PYMNTS

JULY 21, 2020

Global identity verification provider Trulioo has expanded its services to Vietnam with the GlobalGateway marketplace, according to a press release. GlobalGateway provides identity verification services in over 100 countries including Malaysia, the Philippines, Singapore and Thailand. percent this year, and jump to 6.8

Verification 72

Verification Fraud Prevention Non-Bank Compliance 72

Fintech News

JANUARY 7, 2024

Through this collaboration, iPiD will focus on providing comprehensive user verification and effective fraud prevention solutions, aiming to bolster security for Wallex’s customers. The post Wallex Partners iPiD to Protect Businesses from Payment Fraud appeared first on Fintech Singapore.

Cross-Border Payments 110

Cross-Border Payments Cross-Border Fraud Prevention Verification 110

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

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.

Fraud Prevention 52

Fraud Prevention AI Finance Fraud Detection 52

The Fintech Times

SEPTEMBER 19, 2024

Identity verification platform ID-Pal will have its AI-powered technology integrated into, B-Corp-certified issuer processing platform, CLOWD9 ‘s payment solutions portfolio. The partnership will see ID-Pal provide CLOWD9 with identity verification processes during the payment transaction ensuring users’ data is kept safe.

Verification 64

Verification Process AML Fraud Detection 64

Finextra

JULY 22, 2024

iDenfy, a Lithuania-based identity verification and fraud prevention software provider, has launched its new automated utility bill verification solution.

Verification 52

Verification Automation Fraud Prevention 52

Fintech Finance

SEPTEMBER 17, 2024

ID-Pal and CLOWD9 are delighted to announce their global strategic partnership to enhance secure and efficient identity verification processes in payment processing, by offering ID-Pal’s AI-powered technology as part of CLOWD9’s innovative payment solutions portfolio.

Process 95

Process Verification Money Laundering AML 95

Finextra

MAY 30, 2024

Leading provider of AI-driven risk management solutions, Oscilar and Socure, the leading provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, announced a partnership that will set a new standard in digital identity verification, fraud prevention and risk management for financial institutions. (..)

Risk Management 52

Risk Management Verification Risk Fraud Prevention 52

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. Safeguard Your Business, Protect Your Future Don’t let fraud drain your resources.

Fraud Prevention 52

Fraud Prevention Deepfake Fraud Detection Authentication 52

Paystand

AUGUST 8, 2024

Table of Contents What is a Payment Verification? What is the Reason for Payment Verification? Payment Verification Methods The Rise of Instant Payment Verification Blockchain-Enabled B2B Payments

Verification 40

Verification Fraud Prevention Digital Payments Instant Payments 40

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 Paypers

JULY 30, 2024

Veratad Technologies , a provider of identity verification solutions has selected IDVerse as their top technology supplier for fraud prevention services.

Fraud Prevention 41

Fraud Prevention Verification Technology 41

Fintech News

JUNE 5, 2024

Sumsub, a global verification platform, has announced its partnership with the Mastercard Engage Partner Programme. By joining the Engage Programme, Sumsub aims to streamline customer onboarding, reduce fraud risks, and foster trust, ultimately improving the digital experience for end-users.

Visa 107

Visa Product Fraud Detection Fraud Prevention 107

Fintech News

MAY 27, 2024

This technology enables fraudsters to exploit vulnerabilities in fintech platforms, necessitating advanced fraud prevention strategies. This burgeoning fraud type poses significant challenges to fintech firms’ identity verification processes in APAC.

APACS 115

APACS Data Breach FinTech Fraud Prevention 115

The Paypers

NOVEMBER 18, 2024

AuthenticID , a provider of identity verification and fraud prevention, has teamed up with the California Department of Motor Vehicles (DMV) to improve the state’s mobile driver’s licence (mDL) program.

Fraud Prevention 80

Fraud Prevention Verification 80

PYMNTS

MAY 22, 2020

Banks must instead leverage multilayered defenses that harness employee and customer education, ironclad verification and artificial intelligence (AI)-enhanced fraud detection systems to keep customers’ money and personal data safe. Understanding the Scope of Financial Crimes.

Fraud Prevention 74

Fraud Prevention Financial Crimes Federal Trade Commission Crime 74

Fintech News

JULY 10, 2024

Sumsub, a global verification provider, has announced strategic partnerships with several resellers in Southeast Asia including Nexus Technologies in the Philippines, PT Secure Pasifik Teknologi in Indonesia, and Spectrum Edge in Malaysia. Sumsub established its first APAC headquarters in Singapore in July 2023.

Identity Theft 101

Identity Theft APACS Deepfake Money Laundering 101

Fintech Finance

DECEMBER 6, 2024

Enhanced fraud management tools, including Mastercard Identity, Ethoca Alerts and Ethoca Consumer Clarity are now available to Mastercard business customers in Latin America through the Kount Payment Fraud solution from Equifax. of their e-commerce revenue to payment fraud.

Visa 98

Visa Fraud Prevention Risk Assessment Payments 98

The Paypers

NOVEMBER 8, 2024

US-based Jumio has entered into a collaboration with LatticeFlow AI to solidify AI-enable identity verification for fraud prevention and compliance.

Fraud Prevention 41

Fraud Prevention Compliance AI Verification 41

PYMNTS

AUGUST 11, 2020

11) announcement , Kount said its new artificial intelligence (AI)-driven Insurance Digital Risk and Fraud Prevention Solution will fight against “increased levels of digital fraud specific to insurance providers.” In a Tuesday (Aug.

Product 93

Product Fraud Prevention Bots AI 93

The Fintech Times

DECEMBER 13, 2023

DataVisor, the AI-powered fraud and risk platform, has expanded its end-to-end platform capabilities with the integration of SMS customer verification for fraudulent transactions, powered by T wilio technology.

Verification 59

Verification Fraud Prevention User Authentication AI 59

Fintech News

FEBRUARY 20, 2024

Jumio, a provider of identity verification and fraud prevention solutions, has announced the appointment of Igor Beckerman as its new Chief Financial Officer (CFO). Beckerman has a robust background spanning three decades in finance leadership.

Fraud Prevention 105

Fraud Prevention Verification AI Automation 105

Fintech News

SEPTEMBER 16, 2024

This acquisition complements Mastercard’s services in identity verification, fraud prevention, and cybersecurity, offering enhanced protection for merchants and financial institutions.

Visa 114

Visa Acquirers Cybersecurity Fraud Prevention 114

The Payments Association

OCTOBER 23, 2024

By leveraging advanced screening tools and AI-driven insights, businesses can significantly reduce identity verification costs while minimizing customer friction—resulting in lower acquisition costs and higher satisfaction for legitimate users.

Fraud Prevention 88

Fraud Prevention Fraud Detection Best Practices AML 88

The Fintech Times

FEBRUARY 22, 2024

“As real-time connectivity increases transaction volumes, this provides more avenues for fraudsters, and traditional reactive approaches to fraud prevention are no longer sufficient. Instead, banks and fintechs must adopt proactive and pre-emptive measures. “The great thing about AI is that it never gets bored.

Cross-Border Payments 136

Cross-Border Payments Cross-Border AI Payment Security 136

The Fintech Times

AUGUST 15, 2024

Adatree , an Australian open data solution provider, has unveiled a new ‘Insights’ product suite, including Account Verification and Balance Checks, in a move to empower companies in the fight against financial fraud and scams. Insights is compliant with stringent CDR regulations, safeguarding data security and privacy.

Verification 59

Verification Checks Accounts Scams 59

Payments Source

NOVEMBER 17, 2020

The pilot leverages Keyno’s CVVkey technology that uses a dynamic card verification value 2 (CVV2) code to provide a higher level of security against fraud for online and mobile payments.

CVV2 163

CVV2 Security Verification Mobile Payments 163