The Payments Association

APRIL 2, 2025

With fraud accounting for a significant portion of UK crime, understanding AIs role is critical for developing effective, future-ready defences. Payments leaders should focus on improving data quality, fostering cross-sector collaboration, and responsibly integrating AI into fraud prevention strategies.

AI 88

AI Financial Crimes Deepfake Fraud Prevention 88

The Fintech Times

AUGUST 17, 2024

Empowering businesses NeuroID’s behavioural analytics solutions are available through CrossCore on the Experian Ascend Technology Platform as a key fraud-detection capability. Experian’s identity verification and fraud prevention solutions helped clients avoid an estimated $15billion in fraud losses globally last year.

Risk 59

Risk Bots Fraud Detection Identity Theft 59

The Payments Association

MAY 7, 2025

Impact on high-risk merchants: Crypto Exchanges and Digital Goods: AI-powered bots are being used to create fake accounts and initiate fraudulent transactions, leading to unauthorised chargebacks. helps: Near real-time fraud detection: By leveraging combined alerts from Ethoca and Verifi, avoided.io How avoided.io How avoided.io

Risk 88

Risk Disputes Debit Card Cross-Border 88

PYMNTS

NOVEMBER 26, 2019

Their technology is designed to recognize illicit activity that comes from either human cybercriminals or bots. The company was started in 2010 to identify malicious actors who try to impersonate legitimate bank account holders. Buguroo said its technology can identify new types of malware on a web browser or mobile app.

Fraud Detection 56

Fraud Detection Bots Cybersecurity Credential 56

PYMNTS

FEBRUARY 26, 2020

Many chains have thus been turning to fraud detection programs driven by artificial intelligence (AI) to make the most of their limited prevention resources, leveraging various techniques to stop bad actors’ advances. Selecting the Target. One Dream Marketplace listing offered $25 in Dunkin’ credits for $10. AI to the Rescue.

Credential 56

Credential AI Account Takeovers Fraud Detection 56

Finextra

JUNE 6, 2025

PayPal’s BNPL solution, Pay in 4, incorporates sophisticated fraud prevention technology and machine learning models to assess creditworthiness quickly. For fraud prevention, neural networks can identify anomalies such as a customer applying for a new line of credit from a location that is different to the usual location.

BNPL 52

BNPL Technology Payment APIs and Integration AI 52

Finovate

AUGUST 14, 2024

Businesses ranging from Capital One and SoFi to DraftKings and the State of California rely on Socure’s technology for accurate identity verification and fraud prevention. The addition of credential stuffing protection is the latest example of Alkami’s layered approach to fraud detection and prevention in digital banking.

Credential 65

Credential FinTech Deepfake Fraud Detection 65

Seon

MAY 28, 2024

The importance of robust fraud prevention and anti-money laundering (AML) solutions in the iGaming sector cannot be overstated. There is an opportunity to boost profitability by refining fraud prevention and AML efforts. Can You Spot the Bot?

Security 52

Security Bots Fraud Prevention AML 52

Seon

MAY 8, 2024

This is where you can integrate new real-time detection triggers, such as if a fraudster is accessing your customer’s account remotely, if your customer is sharing their screen sharing with a fraudster, and understanding if the customer is on the phone with the fraudster while making changes to their account.

Online and Mobile Banking 52

Online and Mobile Banking Fraud Prevention Account Takeovers Bots 52

Fintech News

OCTOBER 28, 2024

Wimika RMS Technologies Ltd (Nigeria) The Wimika team is composed of seasoned professionals with diverse, yet complementary, expertise covering cybersecurity, software engineering, product management, insurance, fintech, digital fraud prevention, risk management, legal and leadership.

FinTech 114

FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 114

Seon

JANUARY 29, 2024

Account Takeover Fraud Detection While it can be challenging to catch ATO attempts, these attacks can be detected by monitoring for out-of-the-ordinary account behavior. Deploying end-to-end fraud prevention and detection software helps you keep track of user activity and helps you spot suspicious patterns.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Phishing 52

PYMNTS

DECEMBER 26, 2019

Companies are getting much better at fraud detection and prevention, partly in response to its rapid spread. billion transactions found that between July and September 2019, about 20 percent of accounts opened were the result of massive bot attacks , not humans. Digital fraudsters aren’t taking this lightly.

Fraud Detection 52

Fraud Detection Bots Law Enforcement FBI 52

PYMNTS

OCTOBER 1, 2019

In the study, the most common challenge cited by businesses was balancing fraud prevention and customer friction (68 percent), a 65 percent increase from the previous year. According to Kount CEO Brad Wiskirchen, AI and ML can help QSRs and other restaurants become more proactive about fraud rather than reactive. problematic.

Data Breach 57

Data Breach Breach Account Takeovers Fraud Prevention 57

PYMNTS

JUNE 13, 2019

Old manual detection techniques like analyzing geolocations, IP addresses and discrepancies between billing and shipping addresses aren’t able to catch high-level attacks, and often result in false positives. Fraudsters are getting more sophisticated, making use of bots to mimic typical online shopping behavior.

AI 44

AI Account Takeovers Fraud Detection Online and Mobile Banking 44

Nanonets

AUGUST 16, 2024

Artificial Intelligence (AI) AI is particularly brilliant at handling complex tasks like fraud detection, risk assessment, and claims adjudication. Advanced AI systems can cross-check claim details against policy data, third-party databases, and historical claim records to detect anomalies and assess the validity of claims.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

FICO

AUGUST 3, 2022

For payments, risk, fraud prevention and financial crimes professionals, FICO World 2022 delivered a wealth of information on rapidly emerging trends and solutions. The Rise of the Bots. Criminals are making use of automation to industrialize their fraudulent attacks, including card fraud. A Greatest Hits Compilation.

Financial Crimes 52

Financial Crimes Scams Bots Crime 52

FICO

JANUARY 10, 2023

As criminals seek new paths to vulnerable customers and safeguards, fraud professionals are constantly alert to new patterns and always responding with new technology. Here are the five most-viewed posts from 2022 on the FICO Blog related to fraud. Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots.

Scams 52

Scams Posting Push-to-Card Compromise 52

Seon

JUNE 21, 2023

Multi-use VCCs : With low-friction onboarding, fraudsters may use bots to try and generate cards en masse. Physical credit card holders : Fraudsters may use stolen account details to apply for VCCs, potentially leading to false negative fraud checks when virtual card transactions are made.

Credit Cards 52

Credit Cards Risk Online and Mobile Banking Phishing 52

PYMNTS

NOVEMBER 9, 2017

Brown also said that strategic partnerships with companies that specialize in early fraud detection tools, checking IP addresses and validating cell phone networks, is a path that is actively being pursued. The end result of these strategies and partnerships, he said, will hopefully be to nip fraud in the bud.

Authentication 41

Authentication MFA Fraud Detection Security 41

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. What does FICO offer and how does it distinguish from other AFC solutions?

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

FICO

JANUARY 19, 2022

By using bots to create digital art and ascribing them to a fake identity that hides behind a nickname, you can achieve nearly peak anonymity. As with all types of fraud, combining intelligence and fraud prevention efforts will always win out against the fraudster.

Financial Crimes 52

Financial Crimes Crime Money Laundering NFTs 52

FICO

JUNE 14, 2022

Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots. FICO's annual conference exposed some of the biggest fraud trends today, from the "scamdemic" to bot attacks. The Rise of the Bots. Innovative Customer Communications for Fraud. Tue, 07/02/2019 - 04:56. by Adam Davies.

Bots 52

Bots Scams Financial Crimes Romance Scams 52

PYMNTS

APRIL 24, 2018

The highest bidder then uses a bot to run automated scripts that test username and password combinations against the breached site to weed out accounts that no longer work. Nipping Fraud in the Bud. Shem-Tov said the principles behind spotting ATO are similar to those behind traditional fraud detection.

Breach 50

Breach Bots Credential Data Breach 50