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

The Payments Association

DECEMBER 10, 2024

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

Fintech News

MARCH 28, 2025

Standard Chartered has launched SC GPT, a GenAI tool, across 41 markets worldwide as part of its strategy to integrate AI into its business. Mohammed Rahim, Group Chief Data Officer at Standard Chartered, said: Mohammed Rahim The tool has been developed with strong governance and ethical AI principles at its core.

Cross-Border

The Payments Association

MARCH 5, 2025

As global sanctions and regulatory pressures intensify, Lynxs AML Screening empowers financial institutions with pioneering AI to stay ahead of compliance challenges. The Lynx AML screening solution is artificial intelligence (AI), which is driven, highly configurable, and designed to evolve with the changing regulatory landscape.

Financial Crimes

Trade Credit & Liquidity Management

JUNE 25, 2025

From a Press Release dated June 3, 2025, New York, New York ThetaRay , a global leader in cognitive AI compliance for financial crime, and Spayce , a next-generation cross-border payments platform, have announced a strategic partnership to address evolving financial crime threats and enhance the security of international payments.

Financial Crimes

Finovate

AUGUST 5, 2025

AI risk classification platform EverC revealed today that it is joining forces with G2 Risk Solutions (G2RS). Moving forward, the two will leverage EverC’s AI capabilities and bring G2RS’s risk and compliance capabilities to the payments risk ecosystem.

Risk

The Fintech Times

FEBRUARY 28, 2025

A couple of years after its initial boom, artificial intelligence (AI) still remains a huge buzzword in the fintech industry, as every firm looks at a new way of integrating the tech into its infrastructure to gain a competitive edge. However, AI isn’t a problem-free solution.

AI

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

Fintech News

MARCH 11, 2025

The newly formalised group operates under Visa’s Payment Ecosystem Risk and Control (PERC) division and prevented more than US$350 million in attempted scams in 2024. The Visa Scam Disruption (VSD) team employs a three-pronged approach to scam mitigation: scam intelligence, proactive investigations, and detection and disruption.

Scams

The Fintech Times

JULY 26, 2025

Online payment system PayPal is enhancing its customers’ protection with the launch of a new AI-powered, dynamic scam detection feature. Behind the alert system When building its dynamic alert system, PayPal focused on both effective fraud mitigation strategies as well as enhancing the user experience.

Scams

Finextra

JULY 28, 2025

Principal Consultant Oracle Location Edison Followers 2 Opinions 8 Follow Unfollow The global banking sector has made substantial investments in Artificial Intelligence (AI), driven by the promise of enhanced operational efficiencies, sophisticated fraud detection capabilities, and hyper-personalized customer experiences.

AI

Fintech News

MAY 21, 2025

Temenos has introduced a new AI-powered solution aimed at improving how banks detect and manage financial crime. Announced at the Temenos Community Forum in Madrid, the Temenos FCM AI Agent is now generally available. Temenos argues that automating parts of the workflow can help shift resources toward more complex and high-risk cases.

Financial Crimes

The Payments Association

JUNE 11, 2025

Data is critical to operations, and when used wisely, it can yield valuable insights that enhance revenue, reduce expenses, and mitigate risk. However, inefficient data handling can lead to reputational, legal, and regulatory risks, as well as very expensive growing pains. Our work ensures that clients stay ahead of the curve.

Risk

Neopay

JANUARY 22, 2025

Generative Artificial Intelligence (GenAI) is revolutionising many industries, but with this innovation comes significant risks. How GenAI is changing the fraud landscape AI-driven fraud is not a new concept, but the accessibility and capabilities of GenAI have dramatically expanded fraudsters’ arsenals.

AI

The Payments Association

FEBRUARY 10, 2025

While vIBANs offer innovation in payment systems, they introduce risks like money laundering due to insufficient oversight. Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. Including structured data would help PSPs monitor and mitigate financial crime risks.

IBAN

Fintech News

APRIL 25, 2025

Top 5 industries globally with the highest fraud ratesIdentity fraud rates in 2024, Source: APAC Identity Fraud Report 2024, Sumsub The rise of AI-driven fraud A separate study by security solution provider Entrust and Docusign, which surveyed over 1,400 organizations globally in Q4 2024, found similar trends. and 2.2%, respectively.

Deepfake

Fintech News

FEBRUARY 4, 2025

The Most Widespread Payment Frauds in Singapore Singapores consumers are relatively more aware of fraud risks compared to other regions, leading fraudsters to refine their methods. A significant 62% of businesses are using AI-driven fraud prevention technologies to enhance security. Below are the most common types of fraud found now.

Fraud Prevention

Finovate

APRIL 7, 2025

The investment will help AKUVO expand its cloud-native collections and credit risk solutions, enhancing efficiency and customer experience for banks, credit unions, and fintechs. Digital collections and credit risk platform AKUVO landed a new round of funding today. .”

Credit Risk

Trade Credit & Liquidity Management

AUGUST 1, 2025

From a Press Release dated July 31, 2025, Costa Mesa, California Experian recently announced the launch of the Experian Assistant for Model Risk Management , an AI-powered solution designed to help financial institutions manage and govern their models more efficiently throughout the entire model development lifecycle.

Risk Management

The Payments Association

JANUARY 3, 2025

From payment fraud and chargebacks to cybercrime and emerging AI-driven threats, the roundtable provided a dynamic platform for merchants to share their experiences, strategies, and concerns. Instead, it encompasses increasingly complex schemes that exploit systemic gaps, from first-party fraud to sophisticated AI-driven scams.

Fraud Detection

The Payments Association

MAY 16, 2025

Smart routing and optimisation: Advanced POPs leverage machine learning and real-time analytics to route transactions intelligently, considering cost efficiency, transaction success rates, geographic proximity, and risk scoring. These tokens are useless if intercepted, significantly mitigating the risk of data breaches.

Transactions

Fintech News

JANUARY 22, 2025

Leveraging AI technology, Antom helps businesses ensure transaction security, streamlines foreign exchange risk management, lowers costs, and enhances operational efficiency through real-time payments and blockchain solutions.

Payment APIs and Integration

Fintech Finance

FEBRUARY 17, 2025

Leveraging artificial intelligence (AI) technology, PhotonPay has further streamlined anti-money laundering (AML) and counter-terrorism financing (CFT) processes, enhanced its risk management system and effectively reduced financial crime risks. “Compliance is the foundation of trust in global payments.

Compliance

The Payments Association

JULY 15, 2025

Questions address both immediate challenges (fraud prevention, regulatory compliance, technology readiness) and forward-looking opportunities (AI implementation, collaborative defence strategies, regulatory evolution). AI is proving itself a powerful ally, but it must be paired with transparent processes and human oversight.

Financial Crimes

The Fintech Times

MARCH 17, 2025

AI-driven fraud threats are becoming increasingly more and more sophisticated. It found that a trifector of points was leading the fraud prevention sector, with firms believing a good mix of the right people and technology was needed, as well as real-time transaction monitoring and the development of AI. AI can help with this issue.

AI

Fintech News

JULY 21, 2025

Strengthening GenAI Cyber Risk Education In July 2024, MAS issued an information paper to help financial institutions better understand the cyber risks linked to GenAI, including risk implications and mitigation measures. to accelerate the development and adoption of quantum and AI technologies in financial services.

FinTech

Clearly Payments

AUGUST 6, 2025

Card‑Not‑Present (CNP) fraud dominated, and organized fraud rings increasingly leveraged AI and Fraud‑as‑a‑Service models to scale attacks Overall Fraud Landscape in USA for 2024 Fraud is escalating at a national level, with U.S. Evolving Tactics: AI & Organized Fraud Rings Fraud rings are no longer small-time operations.

Credit Cards

Finextra

JULY 22, 2025

What once would have sounded like science fiction is now rapidly becoming reality—powered by Agentic AI: intelligent, autonomous systems that perceive, reason, and act with purpose. What is Agentic AI? Moreover, these guys work 24/7, never complain, take no coffee breaks, and do not even ask for a raise! Too good to be true, right?

Automation

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

Finovate

AUGUST 11, 2025

The two companies will offer a Fraud Management Suite that uses Telesign Intelligence to provide fraud teams and AI bots with real-time risk intelligence before potentially fraudulent transactions occur. The new offering from Telesign and PCI Pal provides agents and AI bots with real-time risk insights before the transaction begins.

Fraud Prevention

The Payments Association

FEBRUARY 10, 2025

The Economic Crime and Corporate Transparency Act 2023, specifically the “failure-to-prevent fraud” offence, and outlines how businesses can mitigate fraud risks. Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability. Why is it important?

Crime

Fintech Finance

APRIL 1, 2025

The paper entitled How to Solve Banks’ Legacy System Challenges While Controlling Risk suggests that this unnecessary expense is hindering innovation and digital transformation and presents a groundbreaking AI-enabled solution that allows banks to modernize without excessive risk.

ISO 20022

Fintech Review

APRIL 20, 2025

However, as services become more digitised, the risks multiply. In the financial sector, it includes fraud detection, threat intelligence, data encryption, biometric verification, and risk monitoring. The risks range from phishing and account takeovers to ransomware and insider threats.

Finance

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

The Fintech Times

DECEMBER 9, 2024

This year taught us that we are all vulnerable to the risks of interconnected systems, as highlighted by a global outage caused by a faulty software update from CrowdStrike. ” AIs impact on fintech this year is undeniable. Where do you see it driving innovation? Where do you see it driving innovation?

Payment APIs and Integration

Stax

JANUARY 23, 2025

The merchant underwriting process is a critical step that payment processors and financial institutions use to assess the risk associated with onboarding new businesses. Key steps include application review, risk assessment, credit checks, and compliance verification. Learn More What is Merchant Account Underwriting?

Underwriting

Stax

MARCH 13, 2025

Apart from keeping complex payment structures running, interchange fees compensate issuing banks for taking on cardholder credit risk, and help card companies fund rewards programs. Think AI-powered anti-fraud measures and contactless payments such advancements are funded by interchange fees.

Debit Card