Fintech News

MARCH 25, 2024

This growth suggests that threat actors continued to invest in new methods to target mobile banking apps, developing new tools and techniques to execute fraudulent transactions, steal funds and commit identity theft , the report says. The captured information is then sent to a remote server controlled by cybercriminals.

Mobile Banking

PYMNTS

SEPTEMBER 19, 2019

billion stolen credentials. Account opening fraud is a favorite tactic among such cybercriminals, many of whom rely on these credentials to pose as legitimate customers. AI, ML Innovations Necessary to Stop Account Opening Fraud. This is where AI and ML technologies can come in handy.

AI

PYMNTS

JANUARY 16, 2020

Fraudsters are starting off the new decade armed with the stolen data and credentials of millions of global consumers, and they are already putting that data to use. RVShare Uses AI, Machine Learning To Preserve Owner And Renter Trust. To learn more about how RVShare is using AI for greater trust, visit the Tracker’s feature story.

AI

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. “Identity verification isn’t a one-time event.

Credential

Fintech News

JANUARY 17, 2024

The battle against fraud and identity theft has taken on new dimensions and complexities in today’s increasingly digital world. This article will delve into the key trends shaping the fraud and identity landscape 2024, drawing insights from various sources, including SumSub, LexisNexis Risk Solution, Feedzai and Jumio.

Deepfake

PYMNTS

JANUARY 20, 2020

Banks, businesses and others still have numerous fraud problems to address, from text-based scams and phishing to synthetic identity theft. Various industries rely on AI and ML to quickly categorize data, for example, which can help companies more easily determine whether consumers’ transactions or accounts are legitimate.

Identity Theft

PYMNTS

MAY 6, 2020

Fraudsters can also carefully hoard a cache of stolen bank account data, credit and debit card information, Social Security numbers and other details to impersonate legitimate customers, using these details outright or cobbling them together to perpetrate identity theft, new account fraud and gain entry to other platforms.

Fraud Prevention

Seon

JUNE 24, 2024

The rise of online transactions and evolving cybercrime tactics highlight the urgent need for strong identity risk management and monitoring. Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity.

Risk Management

PYMNTS

OCTOBER 18, 2019

It’s been said that fraudsters are always evolving, and always looking for the path of least resistance in their efforts to steal identities and credentials to remain anonymous and … keep stealing. No surprise, then, that identity theft is on the rise. Those victims are kids — in some cases, even infants.

Identity Theft

Seon

JANUARY 29, 2024

In layman’s terms, users may refer to account takeover fraud as account hacking – when they realize someone stole their online credentials. It is also considered a form of identity theft, because it happens when someone logs into an account that isn’t theirs to exploit it. What Is Account Takeover Fraud?

Account Takeovers

Nanonets

SEPTEMBER 14, 2023

<< Automate data capture from Legal Documents with Nanonets’ AI-powered Legal OCR & machine learning. >> Automate manual data entry using Nanonet's AI-based OCR software. Capture data from documents instantly and automate data workflows. Reduce turn around times and eliminate manual effort.

Legal

Seon

JULY 10, 2024

It ensures smooth processing and compliance for legitimate payments, primarily verifying transaction details, validating customer credentials, screening against sanctions and watchlists, and ensuring compliance with regulations. The focus for payment transaction monitoring is slightly adjacent. Fraud transaction monitoring’s scope is narrow.

Transactions

FICO

NOVEMBER 25, 2019

You can read the product announcement here , but read on to learn why we launched FICO® Identity Proofing and FICO® Authentication Suite. Biometric data — such as your face, voice, retinal scan, or fingerprint — has been in use for several years as an identity credential. Vanilla” Biometrics Aren’t Strong Enough.

Authentication

PYMNTS

MARCH 30, 2020

The application fraud surge finds FIs and merchants retooling authentication measures, with AI, ML and unattended machine learning (UML) being variously arrayed against the threat of application fraud. Chaos vs. Control. But FIs, merchants and their solutions partners have powerful new tools at their disposal. “AI

Identity Theft

Segpay

DECEMBER 19, 2024

With growing concerns around data breaches, identity theft, and unauthorized access, organizations need to ensure that only authenticated users can access their systems and sensitive information. Jumio (Austria, UK) Jumio is a global leader in identity verification with European offices in Austria and London.

Verification