Remove Automation Remove Fraud Detection Remove Fraud Prevention
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Paydock and Forter: Empowering merchants and financial institutions with seamless payments and fraud prevention

The Payments Association

The latest addition to this network is Forter, a global leader in AI-powered fraud prevention, who joins Paydock in transforming fraud detection and prevention for online businesses. Built for growth: With Forter and Paydock, fraud prevention scales effortlessly alongside business growth.

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Tuum and Sumsub Team Up to Enhance Fraud Prevention for Financial Institutions

Finovate

The collaboration will help banks, fintechs, and financial institutions enhance fraud prevention without compromising the user experience. The integration of Sumsub’s compliance solutions will help financial institutions deal with the growing threat of fraud and financial crime. .

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Mastercard taps gen AI for fraud prevention

Bank Automation

Mastercards deployment of generative AI to fight fraud in 2024 has reduced false positives and enhanced fraud detection. The tool processes 143 billion transactions annually and uses generative AI to scan 1 trillion […] The post Mastercard taps gen AI for fraud prevention appeared first on Bank Automation News.

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

Finextra

In the sections below, we break down the impact by five key areas of customer experience: personalization, self-service, customer engagement, support automation and accessibility. Indeed, 64% of finance leaders report using AI for fraud detection and risk management in their institutions.

AI 114
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Fedwire® Adopts ISO® 20022 Modernizing U.S. Payments

Trade Credit & Liquidity Management

This upgrade aligns American payment processing with international standards, enabling greater efficiency, richer payment data, and more robust risk and fraud mitigation. Banks and businesses are expected to benefit through improved compliance with regulations, automated processes, and enhanced straight-through payment processing.

FedWire 52
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Navigating the rise of AI-enabled fraud

The Payments Association

Fraudsters are continuously finding new sophisticated ways of leveraging AI to carry out cyber threats, with traditional fraud prevention methods, which rely on fixed rules and human intervention, being no longer sufficient to detect and mitigate the complex and evolving tactics used by fraudsters.

AI 88
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APAC Sees 23% Decline in Crypto Fraud

Fintech News

Crypto fraud rate, %, Source: State of the Crypto Industry 2025, Sumsub, Feb 2025 According to the report, these results can largely be attributed to advancements in fraud prevention technologies, with innovations like biometrics checks and artificial intelligence (AI)-backed automation significantly enhancing security and fraud detection.

APACS 94