EBizCharge

JANUARY 16, 2025

Fraud detection and risk assessment: MCCs assist fraud detection and risk assessment operations by flagging suspicious transactions. For example, if a credit card is suddenly used at a pawn shop after being consistently used at beauty shops, this can indicate fraud.

Credit Cards 52

Credit Cards Processors PCI DSS Fraud Detection 52

Seon

JULY 11, 2024

Guest panelists included James Nurse, Managing Director at FINTRAIL; Hannah Becher, Lead of Fraud and AML Surveillance at Pleo; Matthew Tataryn, Director of Financial Crime Risk at Tide Platform; and Jeremy Doyle, Director of Growth, AML Solutions at SEON. We see synergies, especially in escalating high-risk cases.

Fraud Prevention 52

Fraud Prevention AML Money Laundering Financial Crimes 52

Trade Credit & Liquidity Management

MAY 27, 2025

As the global marketplace grows more interconnected and transactions shift online, businesses face an unprecedented wave of commercial fraud attempts, from sophisticated “bust-out” schemes to synthetic identity fraud that blends real and fabricated data. Please consider becoming a paid subscriber. billion in 2022 to $252.7

Fraud Prevention 52

Fraud Prevention Fraud Detection Verification Risk Assessment 52

Seon

APRIL 11, 2024

FRAML, or Fraud and Anti-Money Laundering, represents a holistic strategy that presents an effective way for organizations to strengthen their defenses against both fraud and risk. Bridge the Gap Learn how FRAML fosters collaboration between fraud and compliance teams, breaking down siloes for a more robust defense.

Fraud Prevention 52

Fraud Prevention AML Money Laundering Financial Crimes 52

PYMNTS

DECEMBER 14, 2020

AI can make it easier for financial institutions (FIs) to predict how likely their customers are to make timely payments and improve overall risk assessment capabilities. However, many FIs lack internal proficiency to use AI-assisted credit risk assessment for maximum effectiveness.

AI 87

AI Online and Mobile Banking Risk Assessment Credit Risk 87

M2P Fintech

DECEMBER 17, 2024

A risk assessment follows, evaluating the merchants profile through credit checks and performance analysis, leading to application approval or rejection based on these findings. Risk Management Advanced fraud detection tools monitor transactions in real time to identify potential fraud.

Fraud Detection 52

Fraud Detection PCI DSS Disputes Settlement 52

Stax

AUGUST 22, 2024

In this article, we’ll discuss what SaaS companies looking to become payment facilitators need to know about risk management strategies. PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Stax

JANUARY 8, 2024

PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed. Fraud detection and prevention. Early detection can help in the rapid mitigation of fraud.

Risk Management 88

Risk Management Risk Money Laundering Procedures 88

PYMNTS

DECEMBER 9, 2020

Banks that use AI-driven predictive models are able to detect the risk of delinquency as many as 12 months before a customer ever misses a payment, providing banks and their customers the breathing room they need to take action. The practical applications for AI extend far beyond credit risk assessment and detection, however.

Credit Risk 98

Credit Risk AI Risk Fraud Detection 98

The Fintech Times

DECEMBER 28, 2023

With the Economic Crime and Corporate Transparency Act having received royal assent on 26 October, financial institutions must ensure they up their game and deliver sophisticated risk assessments over the coming months. Without them, those found to have failed to prevent certain instances of fraud could pay a very heavy price.

Fraud Prevention 81

Fraud Prevention Scams Fraud Detection Regulatory Compliance 81

Fintech News

JULY 4, 2024

In payments, AI-powered systems can enhance fraud detection and streamline cross-border transactions, potentially revitalising correspondent banking relationships that have dwindled due to regulatory pressures. This could help address the decline in correspondent banking relationships, a concern highlighted in the BIS report.

Central Bank 104

Central Bank AI Correspondent Bank Correspondent 104

FICO

MARCH 6, 2020

With the acquisition of Tonbeller in 2015, FICO expanded its fraud portfolio and moved into the growing market for financial crime and compliance solutions to bring the benefits of advanced analytics to a field dominated by rule-based systems. By investing in AML, you can actually gain competitive edge. In the U.S.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

Seon

JUNE 29, 2023

KYT is an anti-money laundering (AML) and counter-terrorist financing (CTF) requirement. The goal is to try to detect fraudulent transactions and combat behavior associated with money laundering and other fincrime such as terrorist financing. Ask an Expert What Does KYT Mean for AML Compliance? Why Is KYT Important?

Transactions 52

Transactions Due Diligence Money Laundering AML 52

The Fintech Times

SEPTEMBER 19, 2024

Lynn , partner at BPM , an assurance, advisory, tax and wealth management company, explains the benefits that automation can offer firms: “Risk orchestration is designed to enhance fraud detection and reduce risk to the entity that implements it. For fraud, the focus was historically on customer identity.

Risk 59

Risk Financial Crimes AML Risk Management 59

Neopay

JUNE 27, 2024

Risk management framework: Develop a robust risk management framework that identifies, assesses and mitigates key risks associated with your business operations. This includes conducting a thorough risk assessment, implementing appropriate risk controls and establishing effective monitoring mechanisms.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

The Payments Association

MAY 16, 2025

This includes a high concentration in anti-money laundering (AML), fraud detection, and client onboarding. 85% of digital-first payment firms report live AI integration, particularly in fraud analytics and real-time risk scoring.

Compliance 88

Compliance AI Risk Audit 88

Seon

APRIL 23, 2024

Advanced technologies, including artificial intelligence (AI), blackbox and whitebox machine learning (ML), digital footprinting and device intelligence, collectively transform the real-time fraud detection and prevention paradigm.

Risk Management 40

Risk Management Risk Technology Fraud Detection 40

The Payments Association

MAY 16, 2025

Applicable to large organisations, the offence imposes criminal liability if firms do not have adequate fraud prevention procedures in place, even if senior leadership is unaware of the misconduct. For merchants, particularly large retailers, platforms, or multi-channel businesses, this marks a significant shift in fraud liability.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

Nanonets

APRIL 24, 2023

Bank extraction software can be used to extract this information and use it for loan approvals and risk assessments. Automate your mortgage processing, underwriting, fraud detection, bank reconciliations or accounting processes with a ready-to-use custom workflow.

Assessments 52

Assessments Automation Fraud Detection Risk Assessment 52

Seon

MAY 31, 2024

The advancements in AI, ML and automation transform fraud detection and protection by augmenting human capabilities with algorithmic precision and scalability. Such instances erode trust and undermine the perceived reliability of a company’s fraud detection systems. In 2023, global AML fines reached beyond $5.8

Fraud Prevention 52

Fraud Prevention Fraud Detection Compliance Money Laundering 52

Nanonets

APRIL 5, 2023

Increased accuracy - automation can eliminate the risk of human errors in data entry and processing, resulting in more accurate customer filtering. Better risk assessment - automation can provide lenders with more detailed financial information on potential borrowers, enabling them to make better risk assessments.

Automation 52

Automation Process Risk Assessment Assessments 52

Segpay

MARCH 10, 2025

Security & Fraud Prevention Given the high-risk nature of online gaming, security is non-negotiable. Look for a gateway that includes PCI compliance, fraud detection tools, chargeback mitigation strategies, and AI-driven risk analysis to protect transactions and user data.

Payment Gateways 40

Payment Gateways Gateways Payment Solutions Payment APIs and Integration 40

Segpay

MARCH 20, 2024

Enhanced Fraud Detection and Security One of the most significant advantages of AI and Machine Learning in banking is its ability to detect fraudulent activities and enhance security measures. What dangers lurk in the shadows of Generative AI in Banking?

AI 111

AI Privacy Non-Bank Fraud Detection 111

The Payments Association

MARCH 20, 2025

In this Q&A, NVIDIAs EMEA Payments & FinTech Leader, Georgios Kolovos, explains how AI is revolutionising fraud detection, risk management, and customer engagement in the payments industry. False positives in fraud detection remain a major challenge for payments companies.

Fraud Prevention 88

Fraud Prevention Suspicious Activity Report (SAR) Fraud Detection AML 88

Fintech News

OCTOBER 28, 2024

The Jumio Platform provides AI-driven eKYC, risk assessment and AML compliance services in a unified workflow to verify the identities of new and existing users, fight fraud and help meet compliance mandates throughout the customer journey.

Verification 122

Verification Deepfake AI Identity Theft 122

Fintech Review

MAY 12, 2025

From anti-money laundering (AML) to know-your-customer (KYC) obligations, the compliance burden is growing. More Accurate Risk Management Photo by Francesco Ungaro on Pexels.com Fintech companies operate in dynamic environments. AI models can monitor live data feeds and adjust risk assessments dynamically.

Compliance 52

Compliance AI FinTech Money Laundering 52

M2P Fintech

APRIL 29, 2025

Irregularities in Credit Risk Assessment- Credit risk assessment is critical in microfinance to ensure that loans are extended to creditworthy borrowers. They faced challenges in fraud prevention, risk assessment, compliance, customer retention, NPA management, operational efficiency, and collections.

Technology 52

Technology Assessments Risk Assessment Compliance 52

The Payments Association

APRIL 14, 2025

This includes undertaking robust fraud risk assessments, embedding tailored internal controls, and delivering ongoing staff training. Firms are also expected to maintain proper oversight mechanisms and ensure that anti-fraud policies are proportionate, dynamic, and integrated into business-as-usual operations.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88