The Fintech Times

OCTOBER 28, 2024

Instant payments and fraud prevention have quickly become the areas fintechs need to focus on most, according to the third portion of the ‘2024 Payment State of the Union’ study by Discover Global Network , the global payment network.

Fraud Prevention 72

Fraud Prevention Instant Payments Consumer Emerging Payments 72

Bank Automation

FEBRUARY 3, 2025

Mastercards deployment of generative AI to fight fraud in 2024 has reduced false positives and enhanced fraud detection. The payments giant added generative AI to its Decision Intelligence solution, a real-time decisioning tool, in February 2024, according to Mastercard.

Fraud Prevention 52

Fraud Prevention Visa AI Fraud Detection 52

Finextra

MARCH 27, 2024

Visa has added a trio of AI-powered risk and fraud prevention tools to its suite of products for businesses.

Fraud Prevention 118

Fraud Prevention AI Risk Product 118

Payments Dive

JULY 31, 2024

Generative AI could help spot fraudulent patterns in transaction data and reduce the cost of processing payments, says a McKinsey consultant.

Fraud Prevention 192

Fraud Prevention Consulting Payments AI 192

Fintech Finance

DECEMBER 19, 2024

Visa (NYSE: V) today announced it has completed its acquisition of Featurespace , a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks.

Fraud Prevention 97

Fraud Prevention Financial Crimes Value Added Service AI 97

The Fintech Times

NOVEMBER 16, 2024

To this end, 65 per cent of merchants plan to invest in artificial intelligence (AI) over the next 12 months, recognising its role in real-time fraud detection and improved payment performance. One of the main reasons for this is that 63 per cent of merchants believe this is their main challenge for the year ahead.

Fraud Prevention 59

Fraud Prevention Compliance Regulatory Compliance AI 59

Fintech News

AUGUST 29, 2024

Payments firm Stripe has announced several new features aimed at enhancing cross-border commerce in Asia, including AI-powered payment tools and expanded market coverage. The post Stripe Unveils AI-Powered Tools for Payments, Pricing, and Fraud Prevention appeared first on Fintech Singapore.

Fraud Prevention 113

Fraud Prevention AI Cross-Border Cross-Border Payments 113

Fintech News

APRIL 6, 2025

Sumsub has launched Sumsub Academy, an educational initiative aimed at empowering professionals in compliance, risk, and fraud prevention. Additionally, businesses face growing financial risks, with the average cost per fraud event around USD $300,000. Deepfakes now account for 7% of all fraud cases.

Fraud Prevention 61

Fraud Prevention Deepfake Travel Rule Continuing Education 61

The Payments Association

APRIL 2, 2025

The promise and pitfalls of AI: AI is clearly a growing danger. Most respondents (61.5%) saw a rise in the use of AI in online fraud. However, it also holds potential for building security and adaptability in defenses: 60% have adapted AI/ML in fraud prevention, while another 25% plan to do so in the coming months.

Fraud Prevention 88

Fraud Prevention AI On-Demand Payments 88

Fintech Finance

DECEMBER 11, 2024

To better combat fraud in cross-border payments, Swift, the global provider of secure financial messaging services, is working with Google Cloud to develop anti-fraud technologies that use advanced AI and federated learning. This is a global epidemic that demands a collaborative effort to achieve meaningful change.

SWIFT 95

SWIFT AI Cross-Border Payments Privacy 95

Fintech News

MARCH 27, 2024

Visa announced the expansion of its value-added services by introducing three new AI-powered solutions aimed at bolstering fraud and risk prevention. A notable innovation is Visa’s real-time fraud prevention service for immediate payments, such as P2P digital wallets and instant payment systems operated by central banks.

Fraud Prevention 106

Fraud Prevention AI Value Added Service Fraud Detection 106

Fintech Finance

SEPTEMBER 26, 2024

Justt , a leader in AI-powered chargeback mitigation, today announced a strategic partnership with Ravelin , a global provider of AI-native fraud detection and prevention solutions. According to the Ravelin Fraud and Payments Survey 2024 , 52.4%

Fraud Prevention 98

Fraud Prevention Fraud Detection AI Disputes 98

The Fintech Times

MARCH 12, 2025

As technologies like cloud computing and artificial intelligence (AI) become more accessible, banks in 2025 will face a new challenge. In turn, this partnership has provided banks with speed and precision in delivering AI-driven services. How will banks utilise AI in 2025? “Agentic AI is a game-changer. The impact?

AI 71

AI Fraud Detection Non-Bank Fraud Prevention 71

Fintech News

FEBRUARY 10, 2025

The financial services industry has consistently led the way in embracing technological advancements, with Generative AI (GenAI) emerging as a transformative force in recent years. However, the emergence of Agentic AI marks a significant evolution in this landscape. What is Agentic AI?

AI 73

AI FinTech Fraud Detection Fraud Prevention 73

The Fintech Times

MARCH 17, 2025

AI-driven fraud threats are becoming increasingly more and more sophisticated. As a result, organisations are needing to spend more on fraud prevention to counter the developing criminal tactics. As fraud teams grow, though, decision-makers are concerned that fraud is growing faster than revenue.

AI 59

AI Fraud Prevention Transactions Due Diligence 59

Fintech News

FEBRUARY 26, 2024

Flagright, an AI-native company specialising in Anti-Money Laundering (AML) compliance and fraud prevention, has announced its partnership with SALT, a financial platform aiming to support Small and Medium Enterprises (SMEs) in India and Asia.

Fraud Prevention 116

Fraud Prevention Compliance Money Laundering AML 116

Fintech Finance

NOVEMBER 14, 2024

Building the future: strategic investments in AI and data analytics Merchants are responding to payment challenges with a focus on technology that supports both security and operational agility. Regulatory changes, including PSD3 and APP fraud regulations, were also highlighted, with 50% of respondents noting their influence.

Payment APIs and Integration 98

Payment APIs and Integration Regulatory Compliance Cross-Border Payments Fraud Prevention 98

Finovate

JULY 10, 2024

The role of AI in financial services is rapidly evolving. Here, in our latest series of Streamly interviews, we present three individuals whose insights into AI are worth hearing and sharing. How can you make AI adoption profitable?

Fraud Prevention 75

Fraud Prevention AI Automation Underwriting 75

The Fintech Times

APRIL 24, 2024

Mastercard has unveiled a range of AI-powered security solutions and forged industry partnerships with Verizon, NatWest, Entersekt and Global Anti-Scam Alliance in a mission to tackle the rise of scams and impersonation fraud. Financial institutions NatWest has implemented Mastercard’s AI-powered Consumer Fraud Risk solution.

Fraud Prevention 105

Fraud Prevention Visa AI Scams 105

Fintech Finance

OCTOBER 3, 2024

Numerated, the leading AI-driven commercial lending platform, today announced its partnership with Alloy, the identity risk management company trusted by over 600 leading banks, credit unions and fintech companies, to deliver best-in-class fraud checks within commercial lending.

Fraud Prevention 97

Fraud Prevention Risk Management Credit Union Automation 97

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 126

AI Fraud Prevention Account Takeovers Deepfake 126

The Payments Association

MARCH 21, 2025

The Cleafy Fraud Extended Detection and Response (FxDR) platform isnt just another fraud prevention tool; its a shift in how financial institutions think about security. Seeing what others miss Traditional fraud prevention systems have served banks well but werent built for todays attacks.

Fraud Prevention 88

Fraud Prevention Cybersecurity AI Consulting 88

Finextra

APRIL 8, 2025

AI-powered anti-money laundering, screening and fraud prevention outfit Hawk has raised $56 million in a Series C funding round led by One Peak.

Fraud Prevention 71

Fraud Prevention AI Money Laundering 71

The Payments Association

MARCH 11, 2025

SEON , the leader in digital fraud prevention and compliance , has announced the release of its ‘ 2025 Digital Fraud Report ‘ , a global fraud, risk and compliance trend survey highlighting fraud prevention strategies, benchmarking efforts and emerging trends shaping 2025.

Fraud Prevention 88

Fraud Prevention AI Compliance Mitigation 88

Seon

MARCH 20, 2024

However, this expansion brings a corresponding need to evolve fraud prevention strategies to keep pace with advancing threats. Fraud’s Path to Escalation The digital age has ushered in a seismic shift in fraud, marked by increased costs and volume of fraudulent activities.

Fraud Prevention 98

Fraud Prevention Assessments Phishing Mitigation 98

Fintech Finance

FEBRUARY 5, 2025

These experts will explore topics such as open banking, AI-driven payment solutions, and regulatory changes, providing actionable insights to help businesses stay ahead in the ever-evolving landscape. Fraud Prevention and Cybersecurity: Developing robust strategies to mitigate risks in a rapidly digitalising world.

Embedded Finance 75

Embedded Finance Fraud Prevention Payments Cybersecurity 75

Fi911

DECEMBER 19, 2023

In finance, AI’s role is becoming increasingly pivotal, particularly in fraud prevention and management. As digital banking services grow in popularity, the unfortunate byproduct is a corresponding rise in fraud. This trend underscores the question: Can AI truly integrate into the financial sector effectively?

Fraud Prevention 98

Fraud Prevention Fraud Detection Point-of-Sale (POS) Online and Mobile Banking 98

Neopay

JANUARY 22, 2025

Fraudsters are exploiting GenAI tools such as large language models (LLMs), voice cloning, and deepfakes to carry out increasingly sophisticated scams that are harder to detect and prevent. Impersonation fraud: Voice cloning technology allows scammers to convincingly impersonate family members, colleagues, or business executives.

AI 59

AI Deepfake Phishing Audit 59

Seon

AUGUST 27, 2024

With fraud losses estimated to cost global businesses billions annually, the need for effective fraud prevention strategies has never been more critical. The webinar discussed the limitations of traditional fraud prevention methods and the necessity of adopting a more proactive, technology-driven approach.

Fraud Prevention 89

Fraud Prevention Risk Money Laundering Continuity 89

The Payments Association

JANUARY 3, 2025

On 19 November 2024, merchants from across sectors gathered in London as part of The Payments Associations Financial Crime 360 (FC360) series to address the ever-evolving challenge of fraud in their operations. Balancing fraud prevention with maintaining a good service to customers is a constant struggle.

Fraud Detection 88

Fraud Detection Fraud Prevention Participant Financial Crimes 88

The Fintech Times

JUNE 1, 2024

Even worse, the fraud landscape shows no signs of improving, as bad actors increasingly utilise AI to increase the damage done to financial organisations. Meanwhile, the fraud landscape is rapidly changing. Over a third of fraud attempts (42.5 Overall, around 29 per cent of these AI-driven fraud efforts are successful.

SWIFT 124

SWIFT AI Fraud Detection Fraud Prevention 124

The Payments Association

JANUARY 21, 2025

Furthermore, the report takes a forward-looking approach, incorporating forecasts for 2025 and exploring pivotal themes such as artificial intelligence in payments, the evolution of tokenisation and decentralised finance (DeFi), and the adoption of emerging technologies like blockchain, generative AI, and machine learning.

Payments Trends 88

Payments Trends Financial Crimes Cross-Border Payments 88

Fintech Finance

MARCH 5, 2025

HPS , a leading global provider of payment software and solutions, and Enigma , a global leader in artificial intelligence enabled entity resolution and decision-making, today announced a strategic collaboration to deliver cutting-edge AI fraud detection models to businesses worldwide.

Fraud Detection 52

Fraud Detection AI Fraud Prevention Identity Theft 52

Fintech Finance

APRIL 24, 2025

With adoption on the rise, 85% of banks expect fraud to rise, and 36% predict a sharp uptick. In response, 96% of US banks back the implementation of a ‘confirmation of payee’ scheme to protect against fraud. Only 4% feel they are behind but have the potential to catch up.

Transaction Limits 84

Transaction Limits RTP FedNow Instant Payments 84

Clearly Payments

OCTOBER 30, 2024

Selling products and services internationally means facing new challenges, especially regarding payment processing, regulatory requirements, currency exchanges, and fraud prevention. Fraud Prevention and Security Cross-border transactions have higher fraud risks than domestic payments.

International Payments 105

International Payments Process Multi-Currency Cross-Border 105

The Fintech Times

DECEMBER 19, 2024

Invoice automation firm, Basware has revealed that 90 per cent of organisations lack dedicated prevention teams, forcing accounting staff to juggle fraud management in addition to their regular responsibilities. This strain on resources has largely come as a result of generative AI according to the report.

Automation 59

Automation AI Fraud Prevention Deepfake 59

Fintech News

FEBRUARY 4, 2025

About 52% of businesses reported a rise in fraud attempts over the past year, with 60% observing an increase in fraudulent activities during peak shopping seasons. A significant 62% of businesses are using AI-driven fraud prevention technologies to enhance security. Photo taken from Adyen Index: Retail Report 2024.

Fraud Prevention 90

Fraud Prevention Phishing Authentication Disputes 90