M2P Fintech

MARCH 24, 2025

Back in the day, loan management system s were synonymous with pile s of paperwork involving intricate manual calculations and lengthy verifications, leading to slow approvals. With the evolution of cutting-edge technology came centralized data management that provides real-time insights, and AI-driven monitoring and analytics.

Payment APIs and Integration

Finextra

JULY 24, 2025

Face ID can be activated by pointing the device at the users face without their consent (if the attention verification function is disabled) 16. For example in digital identity; an alternative to user names and passwords; protecting against ID theft; account takeovers and multiple accounts.

Payment APIs and Integration

Finextra

JUNE 26, 2025

Account takeover attacks Account takeover attempts by criminals: Account takeover (ATO) attempts involve criminals gaining unauthorized access to online accounts, often through stolen or compromised credentials. Pay with TRIO offers: Stablecoin Settlement in minutes, Flat 1.5%

Stablecoins

Finextra

JUNE 26, 2025

Account takeover attacks Account takeover attempts by criminals: Account takeover (ATO) attempts involve criminals gaining unauthorized access to online accounts, often through stolen or compromised credentials. Online Seller Verification and Customer Review Fraud Prevention. transaction fees.

Stablecoins

Finovate

APRIL 15, 2025

Illuma IllumaShield by Illuma streamlines caller verification with a frictionless voice biometrics authentication solution that protects against account takeovers. Layerup Layerup builds Voice AI agents for financial institutions. Who’s it for? Banks and credit unions.

Credit Union

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 is only going to get more sophisticated from now on.

AI

PYMNTS

OCTOBER 13, 2020

The October Digital Identity Tracker ® explores how sellers are adopting biometric-based verification and artificial intelligence (AI) tools to draw in customers and fend off fraudsters. AI-powered digital solutions provider Jumio recently unveiled a platform solution intended to help eTailers with such security work.

Account Takeovers

The Payments Association

NOVEMBER 20, 2024

The good news is that innovations in the AI space are making chargeback prevention a much more manageable prospect. Why are AI tools especially effective at fighting fraud? AI isn’t just a buzzword in cybersecurity. First, AI tools have much higher throughput than manual or non-software-based detection methods.

AI

PYMNTS

SEPTEMBER 17, 2020

Identity verification provider Jumio found in its Global Trust and Safety Survey that one in five U.S. The sharing economy — a market projected to be valued at more than $300 billion by 2025 — can adopt a number of different digital identity verification tools to help build that trust, however. . Seamless, Secure Onboarding .

Verification

Fraud.net

MARCH 1, 2024

Understand the mechanics of account takeover fraud and discover effective prevention strategies to safeguard against ATO attacks.

Account Takeovers

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

The Payments Association

JANUARY 17, 2025

With so much data at our disposal – our AI-powered engines and fraud teams mitigate thousands of attempts to infiltrate our customers systems daily – there are numerous narratives to discuss here. According to our data, 5% of all verification attempts we encountered in 2024 were fraudulent.

Account Takeovers

PYMNTS

JULY 2, 2020

Account takeover fraud, phishing scams and friendly fraud have all seen upticks of late. Systems like Kount’s Identity Trust Global Network use artificial intelligence (AI) to identify both fraud and trust signals. AI can spot all of those variations and compose a “risk score” that gets passed on to the merchant.

Transactions

The Fintech Times

DECEMBER 18, 2023

They predict that social engineering attacks will surpass ransomware in 2024 due to increased sophistication, AI tools and emerging techniques, leading organisations to bolster cybersecurity defences with AI, scenario testing and multi-factor authentication. When you think about it, it’s the high-tech version of social engineering.

Cybersecurity

Fintech News

JUNE 6, 2024

The Jumio 2024 Online Identity Survey reveals that 85% of Singaporean consumers are willing to spend more time on identity verification measures when accessing financial services accounts to improve security. The benefits of digital identity verification extend beyond just enhanced security. Losses exceeded S$13 million (US$9.59

Scams

Fintech News

MAY 27, 2024

In addition to data breaches, generative AI tools pose a distinct challenge to APAC fintechs, empowering fraudsters to craft sophisticated phishing lures and synthetic identities. This burgeoning fraud type poses significant challenges to fintech firms’ identity verification processes in APAC.

APACS

PYMNTS

APRIL 29, 2020

Gary Sevounts, chief marketing officer at eCommerce-focused fraud management and identity verification solutions provider Kount, recently discussed this issue with PYMNTS. Merchants can use artificial intelligence (AI) tools to help detect and thwart account takeovers and other attacks, however, Sevounts explained.

Cross-Border

PYMNTS

SEPTEMBER 24, 2020

Without in-person interactions with bank staff, account takeovers (ATOs) and customer impersonations are much easier for fraudsters to accomplish. Leveraging Video-based Onboarding, AI To Prevent Identity Fraud. This surge in digital activity opens vast new opportunities for fraudsters, however. Fraud Threats To Digital Banking.

Account Takeovers

The Fintech Times

AUGUST 13, 2024

Identifying fraud in the age of artificial intelligence (AI) is much harder than it ever has been before. Fraudsters are more cunning and deceiving, taking advantage of those who either do not know or refuse to acknowledge the power of AI. What are some AI fraud trends we’re seeing in Latin America?

AI

PYMNTS

JANUARY 16, 2020

Trade finance and supply chain digitalization company Tradeshift has partnered with fraud protection solutions firm SiS to ward against this, developing a solution that uses blockchain technology for more robust identity verification. RVShare Uses AI, Machine Learning To Preserve Owner And Renter Trust.

AI

Neopay

FEBRUARY 27, 2025

The financial sector is facing an unprecedented surge in AI-driven fraud, with deepfake-related attacks increasing by a staggering 2,137% over the past three years. of all fraud attempts detected in the financial sector now involve AI-generated forgeries, with deepfakes leading the charge. According to the research, 42.5%

Deepfake

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. Among the top threats are account takeover (ATO), chargeback fraud and more complex schemes like money laundering, which use sophisticated methods to disguise illegal financial flows.

Fraud Prevention

Finovate

OCTOBER 24, 2024

Socure has acquired risk decisioning company Effectiv for $136 million Socure will integrate Effectiv’s AI-powered orchestration platform into its digital identity verification and fraud solutions. Digital identity verification company Socure has acquired risk decisioning company Effectiv in a $136 million deal.

Risk

PYMNTS

MARCH 20, 2020

Many are turning to artificial intelligence (AI), machine learning (ML) and other advanced learning solutions to prevent and detect breaches before they can cause large-scale problems, but bad actors are using the same set of tools to sidestep authentication processes or impersonate legitimate customers.

Fraud Prevention

PYMNTS

JUNE 13, 2019

One of the latest involves hackers successfully accomplishing account takeovers (ATOs) of users of Zelle, the digital payment service. More businesses are adopting artificial intelligence (AI) and other technology to fight fraud. According to the AI Innovation Playbook , 63.6 acquire personal data via account takeovers.

AI

The Fintech Times

MAY 17, 2024

The rapidly increasing prevalence of AI-generated content and deepfakes has left many questioning everything they see online. New data from Jumio , the automated, AI-driven identity verification and compliance solutions provider, comes from its new 2024 Online Identity Study , the third instalment of its annual global consumer research.

Deepfake

Finovate

AUGUST 14, 2024

From the challenge of AI-powered deepfakes to the sad fact that many of our own bad habits continue to keep fraudsters in business, fintechs are busy developing solutions to help us get and stay at least one step ahead of the bad guys. Digital identity verification innovator Socure has unveiled its Selfie Reverification solution.

Credential

PYMNTS

JULY 17, 2020

Identity verification and authentication solutions help financial institutions (FIs) block out fraudsters, but leveraging just one or two of these offerings may not be enough. Some FIs are therefore using digital identity networks that help them access and draw insights from a wide variety of verification tools. About The Tracker.

AML

The Fintech Times

NOVEMBER 20, 2024

Artificial intelligence (AI) has emerged as a key component in the modern fight against fraud. This is the first time digital forgery has surpassed physical counterfeits, with digital attacks accounting for 57 per cent of all document fraud. Another way fraudsters are abusing financial firms is through AI-assisted deepfakes.

Deepfake

PYMNTS

JANUARY 27, 2020

Identity Verification and Confirmation . Automated data collection tools can improve KYC efforts’ accuracy, enabling PSPs to gather necessary identity verification details without time-consuming, error-prone manual processes. All KYC and AML measures must nevertheless meet PSPs’ home countries’ legal standards.

AML

The Fintech Times

AUGUST 17, 2024

Experian’s identity verification and fraud prevention solutions helped clients avoid an estimated $15billion in fraud losses globally last year. The emergence of generative AI-driven fraud has motivated companies across industries from financial services to healthcare and e-commerce to seek new types of fraud-detection technology.

Risk

PYMNTS

SEPTEMBER 25, 2019

And it may be the case that in the tradeoff between convenience and security, companies would do well to start looking harder into whether identity verification efforts need to be stepped up a bit, even if that means injecting friction into the equation. As Ritter noted, email accounts are the first avenues of attack for fraudsters.

Economy

PYMNTS

OCTOBER 1, 2019

In the latest Mobile Order-Ahead Tracker , PYMNTS explores the latest developments in the world of digital ordering, including the rise of artificial intelligence (AI) and machine learning (ML), especially for QSRs protecting themselves against fraud. There’s no question that consumers are increasingly using mobile apps to order food.

Data Breach

PYMNTS

JUNE 22, 2020

Consider the fact that, as estimated by Javelin Strategy and Research, the combined estimated losses of new account fraud and account takeover in the U.S. financial institutions, according to estimates by Aite, will spend as much as $781 million to battle credit application fraud in 2022. alone topped $10.2 billion last year.

Identity Theft

Finovate

AUGUST 27, 2024

Flextract Flextract uses AI to extract structured data from complex financial documents, eliminating manual copy-paste and enhancing accuracy. getAIreports.com (by Stock Unlock) getAIreports.com (by Stock Unlock) automates report generation using AI, transforming complex data into clear insights. Any businesses that generate reports.

Credit Union

Fintech Finance

FEBRUARY 29, 2024

Socure , the leading provider of artificial intelligence for digital identity verification, sanction screening and fraud prevention, and Trustly , a leading global Open Banking payments provider, today announced an industry-first partnership to offer merchants and fintechs a streamlined onboarding and guaranteed Pay by Bank solution.

Fraud Prevention

Fraud.net

MAY 31, 2024

AI is trending across the board, but how is it transforming payments, productivity, and risk management? Learn more in our blog.

AI