The Payments Association

MAY 21, 2025

This award is a significant validation of our AI-driven fraud prevention technology and the Lynx teams dedication to closely partnering with our customers in the fight against financial crime. Financial institutions (FIs) grapple with complex, interconnected fraud and financial crime challenges.

Fraud Prevention 88

Fraud Prevention Fraud Detection Financial Crimes Crime 88

The Fintech Times

MARCH 31, 2025

As cross-border transactions grow in Europe, the cloud-based financial crime management technology solutions provider, Nasdaq Verafin has revealed that these payment channels are opening up more passageways for fraud to take place, as $194.9billion was moved across borders in 2023; more than a quarter of the total fraud figure in 2023 ($750billion).

Cross-Border 64

Cross-Border Addressing Financial Crimes Elder Abuse 64

The Payments Association

NOVEMBER 18, 2024

Rising youth involvement in economic crimes highlights the urgent need for robust financial education. However, young people are increasingly falling into careers of economic crime under the guises of hackers, fraudsters or money mules. Children must develop their digital literacy and financial literacy skills in tandem.

Financial Literacy 88

Financial Literacy Financial Crimes Crime Scams 88

The Payments Association

JANUARY 21, 2025

This report provides a comprehensive analysis of the key trends defining the payments sector in 2024, highlighting the opportunities for strategic growth, as well as the challenges posed by regulatory pressures, financial crime, and evolving infrastructure demands. However, this growth is not without its hurdles.

Payments Trends 88

Payments Trends Financial Crimes Cross-Border Payments 88

Fintech Review

MARCH 11, 2025

ScamAlert transforms customers into active defenders against increasingly sophisticated scams. This is particularly crucial because, in many scams, customers validate fraudulent transactionseffectively handing scammers the green light to continue their schemes.

Scams 52

Scams Fraud Prevention Risk Assessment Financial Crimes 52

The Fintech Times

FEBRUARY 19, 2025

Feedzai , an AI solution provider in financial crime prevention, is teaming up with payments giant Mastercard , to makeit easier for more banks to identify and stop scams, protecting consumers and businesses globally. As payments continue to evolve, fraudsters are increasingly using AI to scam consumers.

Visa 59

Visa AI Consumer Scams 59

FICO

FEBRUARY 19, 2020

For many consumers and businesses, the ability to quickly send money directly from their bank account is a win in terms of convenience, but it isn’t without risk, when it comes to fraud and other types of financial crime. How RealTime Payments Impact Financial Crime.

Real Time Payments 92

Real Time Payments Financial Crimes Crime Account Takeovers 92

The Payments Association

OCTOBER 28, 2024

From shifts in unauthorised card fraud to the evolving nature of authorised push payment scams, there’s a lot to unpack—and a lot at stake. One of the most alarming trends identified in the report is the continued rise in social engineering scams, which now account for a significant portion of fraud activity. million cases recorded.

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

The Fintech Times

MAY 28, 2025

Argentinian banks Banco Galicia and Santander, as well as Argentina-based fintech Naranja X, have joined BioCatch Trust Argentina, the western hemispheres first inter-bank, real-time fraud and scams intelligence-sharing network. Reducing the number of customers who fall victim to scams is our priority.”

Scams 45

Scams Fraud Prevention Financial Crimes Crime 45

PYMNTS

JULY 24, 2020

PYMNTS’ July 2020 Preventing Financial Crimes Playbook , done in collaboration with NICE Actimize , examines the cybertheft menace from a variety of angles, with an eye on COVID-era scams. The COVID-19 pandemic is making the threat of financial crime worse,” states the new Playbook. So must good actors.

Financial Crimes 75

Financial Crimes Crime Cybersecurity Risk Assessment 75

Finextra

APRIL 17, 2024

Revolut, the global financial app with more than 40 million customers worldwide, has today announced the release of its first Financial Crime and Consumer Security Report, containing exclusive scam and fraud insights.

Financial Crimes 72

Financial Crimes Crime Consumer Security 72

PYMNTS

SEPTEMBER 28, 2020

PYMNTS' September Preventing Financial Crimes Playbook , done in collaboration with NICE Actimize , analyzes the pandemic-era fraud landscape and identifies its many pitfalls. Financial crime-fighters simply won’t suffer this state of affairs. Isn’t it just like a crook to exploit a bad situation?

Financial Crimes 81

Financial Crimes Crime Due Diligence Federal Trade Commission 81

PYMNTS

DECEMBER 28, 2020

As the distribution of the COVID-19 vaccine continues to roll out to medical workers and high-risk populations, the Financial Crimes Enforcement Network (FinCEN) is asking financial institutions to be extra vigilant when it comes to cybersecurity. .

Fincen 127

Fincen Suspicious Activity Report (SAR) Scams Federal Trade Commission 127

Finextra

OCTOBER 23, 2024

In a conversation ahead of Sibos 2024, Laura Quevedo, Executive Vice President of Financial Crime and Resiliency at Mastercard, highlights the growing threat of financial scams in the digital age, with cybercriminals increasingly using AI to exploit consumers.

Financial Crimes 59

Financial Crimes Crime AI Fraud Detection 59

PYMNTS

MAY 25, 2020

Digital fraud and other forms of financial crime are also on the rise due to the uncertainty and confusion surrounding the crisis. Twenty-two percent of Americans have reported being targeted by COVID-19-related fraud, and these scams have seen more than $1.2 Phishing attacks are some of the most common scams.

Financial Crimes 67

Financial Crimes Crime Scams Fraud Prevention 67

Fintech News

MAY 20, 2024

FICO, a global analytics software firm, has revealed findings from its latest consumer fraud research , highlighting concerns among Singaporeans regarding real-time payment scams. The study shows that 26% of Singaporeans fear being tricked into sending money to criminals, exposing them to immediate and often irretrievable financial losses.

Identity Theft 109

Identity Theft Real Time Payments Scams Consumer 109

PYMNTS

OCTOBER 16, 2020

COVID-era fraudsters use scams that range from impersonating tax officials to selling fake PPE on P2P payment apps. Financial crime is a constant worry for banks, credit unions, FinTechs and other financial institutions (FIs) and businesses, with total fraud losses totaling $1.45 trillion a year. Banks in the U.K.

Zelle 89

Zelle P2P Scams Financial Crimes 89

Fintech News

AUGUST 21, 2024

million was seized in a joint operation between the Anti-Scam Centre (ASC) and OCBC. The operation, conducted from May to August 2024, targeted accounts allegedly involved in facilitating scam-related activities, particularly those opened by foreigners. or contact the Anti-Scam Helpline at 1800-722-6688.

Accounts 109

Accounts Financial Crimes Scams Freeze Account 109

Fintech News

FEBRUARY 18, 2024

Global neobank Revolut has rolled out an advanced artificial intelligence (AI) feature designed to shield its 35 million users worldwide from the growing threat of card scams. Developed by Revolut’s in-house financial crime team, this feature assesses the likelihood of a transaction being fraudulent.

Scams 107

Scams AI Push-to-Card Financial Crimes 107

PYMNTS

MAY 21, 2020

Financial crime is a never-ending concern for banks, credit unions (CUs) and other financial institutions (FIs), with trillions of dollars and untold terabytes of personal information stolen every year. FIs are working on a number of technologies to fight these financial crime attempts, however. About the Playbook.

Financial Crimes 52

Financial Crimes Crime Identity Theft Federal Trade Commission 52

Fintech Finance

MAY 13, 2025

Issuer processing powerhouse Enfuce unveils the Fortitude Pledge, a bold new compliance and security standard, that aims to eliminate 100% of financial crime risks across all Enfuce-processed card transactions. Anything less than full commitment means accepting the unacceptable and that’s a compromise the industry cannot afford.

Compliance 59

Compliance Financial Crimes Global Payments Money Laundering 59

The Payments Association

JUNE 11, 2025

Additionally, the sharing of data, both internally and on a federated, industry-wide basis, will be key to winning the war on financial crime. Sustainable growth depends on interoperable risk frameworks, shared scam indicators, and coordinated responses, especially as fraudsters grow more agile and cross-border by design."

Risk 88

Risk Fraud Prevention Fraud Detection Payment APIs and Integration 88

The Payments Association

JANUARY 3, 2025

On 19 November 2024, merchants from across sectors gathered in London as part of The Payments Associations Financial Crime 360 (FC360) series to address the ever-evolving challenge of fraud in their operations. While it helps us improve fraud detection, it also enables fraudsters to enhance their scams.

Fraud Detection 88

Fraud Detection Fraud Prevention Participant Financial Crimes 88

Fintech Finance

FEBRUARY 18, 2025

Mastercard and Feedzai , an AI solution provider in financial crime prevention, today announced they are joining forces to make it easier for more banks to identify and stop scams, protecting consumers and businesses globally. As payments continue to evolve, fraudsters are increasingly using AI to scam consumers.

Scams 71

Scams Visa Financial Crimes Consumer 71

Fintech Finance

JULY 2, 2024

This is according to the first findings of an in-depth financial crime survey by The Payments Association , which champions innovation and collaboration across the industry, due for full publication later this month. million was lost to APP scams in the first half of 2023. The latest figures show £239.3

Scams 98

Scams Financial Crimes Crime Payments 98

Finovate

MARCH 19, 2025

A newly announced partnership between core banking provider Tuum and full-cycle verification platform Sumsub will give banks, fintechs, and financial institutions the ability to streamline customer onboarding and enhance fraud prevention without adding friction to the user experience.

Fraud Prevention 96

Fraud Prevention Fraud Detection Payment APIs and Integration Verification 96

The Fintech Times

SEPTEMBER 23, 2024

But another important area to consider is collaboration, between the financial institutions and regulators that many consider to be poised against one another. If working together was easier or more encouraged, how much more of an impact could both parties have in fighting against financial crime?

Financial Crimes 59

Financial Crimes Crime Regulations Compliance 59

Fintech News

FEBRUARY 10, 2025

The world witnessed an alarming escalation in cryptocurrency -related crimes in 2024. With digital asset adoption surging and financial technology rapidly evolving, blockchain has become both a revolutionary force for economic growth and a tool for illicit activity. Source: TRM Lab’s 2025 Crypto Crime Report USD $2.2

Crime 91

Crime Ransomware Scams Phishing 91

Neopay

FEBRUARY 26, 2024

Mark Francis Director, Wholesale and Unauthorised Business Investigations, and co-sponsor of the FCA’s Financial Crime Public Commitment We’ve made good progress to reduce and prevent financial crime, now more collaborative action across 4 areas of focus can help shift the dial further.

Financial Crimes 52

Financial Crimes Crime Scams Money Laundering 52

PYMNTS

AUGUST 3, 2020

The Financial Crimes Enforcement Network (FinCEN) issued a press release warning financial institutions (FIs) and consumers about pandemic-related scams, including some connected to cryptocurrency. FinCEN warns that bad actors “are engaged in fraudulent schemes that exploit vulnerabilities created by the pandemic.”

Fincen 88

Fincen Scams Email Compromise Phishing 88

Fintech News

JUNE 26, 2024

Singapore’s National Asset Recovery Strategy focuses on these four pillars Singapore emphasises collaboration with international partners, community stakeholders, and the private sector to enhance asset recovery efforts and prevent financial crimes.

AML 109

AML Money Laundering Financial Crimes Scams 109

PYMNTS

SEPTEMBER 21, 2020

The Financial Crimes Enforcement Network ( FinCEN ) uncovered government documents on how giant financial institutions (FIs) move trillions of dollars in suspicious transactions, padding their bottom lines, while terrorists, drug dealers and corrupt politicians are allowed to run free. . On Monday (Sept.

Fincen 118

Fincen Financial Crimes Crime Accounts 118

FICO

NOVEMBER 15, 2021

Their lives can be turned upside down and their finances ruined when they become victims of clever scam artists. Despite numerous studies and newspaper headlines informing us about the scams that fraudsters perpetrate, most of us don’t think we can easily be tricked into handing over money to criminals. Case 1: CryptoRom.

Scams 105

Scams Romance Scams Crime Fraud Prevention 105

The Payments Association

DECEMBER 18, 2024

Moore discusses how the PSR is working to enhance user experience, combat financial crime through smarter data sharing, and foster collaboration across the payments ecosystem. Moore sees this as essential for tackling financial crime, enhancing efficiency, and delivering better customer outcomes.

Innovation 88

Innovation Financial Crimes Payments Regulations 88

Fintech Finance

NOVEMBER 20, 2024

Authorized push payment (APP) scam losses are on the rise, expected to climb to $7.6 Authorized push payment (APP) scam losses are on the rise, expected to climb to $7.6 Financial institutions also face significant erosion of trust and rising customer attrition as consumers fall victim to APP scams.

Scams 97

Scams Real Time Payments Fraud Prevention Fraud Detection 97

BioCatch

MARCH 17, 2025

Over the years, I witnessed firsthand the explosion of these crimes, evolving from simple credit card fraud to highly sophisticated global operations. Recent data and case studies underscore the alarming trajectory of these crimes, necessitating heightened vigilance and proactive measures. As a retired U.S.

Account Takeovers 59

Account Takeovers SARS Identity Theft Law Enforcement 59

FICO

JANUARY 5, 2021

What else made for the hottest reads in 2020 for fraud and financial crime? Here were our top 5 posts: #1: Fraud And Financial Crime Convergence. TJ Horan reported on a key takeaway from the Aite Financial Crime Forum : lenders are serious about combining their fraud and financial crime protection systems.

Financial Crimes 52

Financial Crimes Crime Posting Scams 52