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Global Holiday Season Spending Expected to Grow by 16% in 2024, BNPL Surges While Synthetic Identity Fraud Emerges as Top Threat

Fintech Finance

Global holiday spending is expected to rise 16% in value from October through December 2024 compared to the same period last year, according to analysis by ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology. ” Key report insights at a glance Payment trends (H1 2024 vs.

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

Finextra

This broad applicability in banking (from automating fraud reviews to generating customer communications) underscores how financial firms are integrating GenAI into their core workflows more aggressively than most. Indeed, 64% of finance leaders report using AI for fraud detection and risk management in their institutions.

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3 Ways Fintechs are Helping Financial Institutions Fight Fraud

Finovate

The addition of credential stuffing protection is the latest example of Alkami’s layered approach to fraud detection and prevention in digital banking. Data and technology company Experian is adding behavioral analytics to its fraud detection capabilities courtesy of a newly announced acquisition of NeuroID.

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Mangopay Launches New AI-driven Fraud Prevention Solution for Platforms

Fintech Finance

Mangopay’s Fraud Prevention solution provides a fully integrated and payment processor-agnostic AI-driven cybersecurity solution to guard against an evolving range of threats, including account takeover by both bots and humans, reseller fraud, payment fraud, chargebacks, and return abuse.

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How AI in blockchain can improve the experience of accepting crypto payments

CoinRemitter

Enhanced Fraud Detection AI algorithms are capable of analyzing a vast amount of transaction data. Fraud detection can be insanely quicker and 90% more accurate after the inclusion of AI in crypto payments. They ensure the successful validation of transactions regardless of the origin blockchain.

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Meet the 18 Finalists for the 2024 Global Fintech Hackcelerator

Fintech News

Wimika’s solution, MoneyGuard, is a cyber fraud insurance solution that offers individual bank customers rapid reimbursement of lost funds within seven days. Powered by advanced fraud detection and seamless integration with financial institutions, it provides peace of mind and financial security against financial cyber fraud.

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Mastercard, President & CTO Ed McLaughlin?—?Emerging Technologies in Payments

Wharton Fintech

Quantum computing’s potential in fraud detection and loyalty enhancement Ed McLaughlin: That is one of the business opportunities of quantum being able to solve complex problems in ways you might not have been able to before. In some ways, we are one of the original platform companies. We are not the bank.

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