The Fintech Times

APRIL 11, 2024

The three biggest fraud types identified by attendees were APP fraud, identity fraud and AI-enabled fraud. More complex and financially damaging types of APP fraud include romance scams. The post APP Fraud, Identity Fraud and AI-Enabled Fraud Spotlighted as Main Threats Facing Fintech appeared first on The Fintech Times.

AI 110

AI Romance Scams FinTech Scams 110

Fintech Finance

NOVEMBER 13, 2024

APP fraud attempts can include anything from mass texts purporting to be from a bank or utility company asking to be transferred funds to long-term romance scams that can take months and cost the victims thousands. According to Gary Palmer, CEO and Founder of Payall, “APP fraud is a growing issue in cross-border payments.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Law Enforcement Romance Scams 98

Fintech Finance

APRIL 10, 2024

A plurality of the payments industry believe that Authorised Push Payment (APP) fraud is likely to be the biggest threat in 2024 – and that AI technology will be key in combatting it. More complex and financially damaging types of APP fraud include romance scams. Both share a multitude of similarities with APP fraud.

AI 40

AI Romance Scams Fraud Prevention Scams 40