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Tuum and Sumsub Team Up to Enhance Fraud Prevention for Financial Institutions

Finovate

The collaboration will help banks, fintechs, and financial institutions enhance fraud prevention without compromising the user experience. Sumsub made its Finovate debut at FinovateEurope 2020 in Berlin. Tuum won Best of Show in its Finovate debut at FinovateEurope 2024 in London.

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How PCI DSS Compliance Protects Australian Businesses from Data Breaches?

VISTA InfoSec

million accounts were leaked witnessing a 388% increase in compromised user accounts. million, which is said to have increased by 27% since 2020. In fact, the landscape of data security in Australia is becoming alarmingly dangerous, with a significant rise in data breaches posing a growing threat to businesses and individuals alike.

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The state of fraud in 2024: Key mid-year takeaways

The Payments Association

What’s particularly worrying is that, despite increased awareness and prevention efforts, losses from purchase scams have reached their highest point since data collection began in 2020. These collaborations are essential for disrupting organised crime and apprehending fraudsters.

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AI Becomes the Banker: 21 Case Studies Transforming Digital Banking CX

Finextra

By 2020, we were the first to design a conversational banking chatbot driven by AI, and in 2024, we unveiled the industry’s first AI-powered spatial banking concept tailored for Apple Vision Pro. In mid-2024, the company announced that this AI approach doubled the detection rate for compromised cards before fraud occurs.

AI
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5 Early Indicators Your Embedded Analytics Will Fail

Many application teams leave embedded analytics to languish until something—an unhappy customer, plummeting revenue, a spike in customer churn—demands change. But by then, it may be too late. In this White Paper, Logi Analytics has identified 5 tell-tale signs your project is moving from “nice to have” to “needed yesterday.".

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Analysed: The future of point of sales (POS) systems

The Payments Association

 billion in 2020 and projected to reach US$21.42 The payment industry specifically saw 269 million compromised card records , emphasising the existential risk of inadequate security measures. For C-suite leaders, cloud solutions represent the most mature emerging technology with proven ROI metrics and scalable deployment options.

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Have UK payments reached 'peak digital'?

Finextra

This has increased from 91% in 2022 to 92% in 2024, which is a major slowdown in adoption in comparison to 84% in 2020 and 63% in 2017. They reflect fundamental differences about financial privacy and control that technology cannot address without compromising the very convenience that makes digital payments attractive.