Remove AI Remove Fraud Detection Remove Risk
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Visa Finalises Featurespace Acquisition to Bolster AI Fraud Detection

Fintech News

The acquisition is expected to bolster Visa s fraud protection capabilities and enhance security for its customers worldwide. Featurespaces advanced fraud detection and risk-scoring capabilities will be integrated into Visas existing portfolio of fraud prevention solutions.

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

Finextra

Within this article, we analyze how AI’s adoption in 2024 impacted key areas of digital CX, highlighting global trends as well as specific insights from major markets like the US and UK. Overall, banks that deployed AI at scale in 2024 reported significant improvements in digital channel usage and customer feedback.

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LexisNexis Risk Solutions Set to Acquire IDVerse to Combat AI Fraud

Fintech News

LexisNexis Risk Solutions, a global data and analytics company under RELX, has agreed to acquire IDVerse , a provider of AI-powered document authentication and fraud detection solutions. The self-learning AI technology updates its fraud models automatically, allowing for a rapid response to new fraud schemes worldwide.

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AI x Payments: From Fraud Detection to Hyperpersonalised Checkout

Finextra

In a world of instant expectations, rising digital risk, and hypercompetition, AI is not a future concept,it’s the present differentiator. Here’s how AI is redefining payments at every layer of the stack. But fraud doesn’t wait, and neither can protection. AI optimises behind-the-scenes decisioning to avoid this pain.

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The rise of generative AI in payment security: A double-edged sword for data privacy

The Payments Association

The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. It underscores the need for payment firms to balance AI innovation with robust privacy and regulatory compliance to protect sensitive consumer data.

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AI is reshaping payments: Smarter, faster, more secure

The Payments Association

As digital payments evolve, AI is reshaping fraud prevention with real-time insights, adaptive controls, and improved security across financial systems. And the risks are real. Unfortunately, older fraud detection methods often cant keep up with todays fast-moving threats.

AI
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Navigating the rise of AI-enabled fraud

The Payments Association

The article explores the growing threat of AI-enabled fraud in the payments sector and how firms can combat it with advanced technologies. It highlights the urgent need for payments firms to address AI-driven fraud to protect financial security, maintain customer trust, and comply with regulations. Why is it important?

AI