Neopay

FEBRUARY 27, 2025

The financial sector is facing an unprecedented surge in AI-driven fraud, with deepfake-related attacks increasing by a staggering 2,137% over the past three years. of all fraud attempts detected in the financial sector now involve AI-generated forgeries, with deepfakes leading the charge.

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Fintech Finance

MARCH 4, 2025

Both financial institutions and regulators have put fraud prevention and detection in the forefront for 2025. Fraud was ranked as one of the top three priorities for 2025 among payment organisations surveyed in Vixios 2025 Payments Compliance Outlook.

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Fraud Prevention Deepfake Scams Fraud Detection 52

Seon

MAY 23, 2024

across age groups and income brackets, the volume of digital activities and transactions are on the rise – and effective fraud prevention measures have never been more critical to safeguard a business’s bottom line. The global market for fraud detection and prevention solutions is expected to reach over $50 billion this year.

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Fraud Prevention Deepfake Fraud Detection Authentication 52

The Payments Association

MAY 7, 2025

This article explores the top 5 fraud trends impacting high-risk merchants in 2025 and how innovative solutions like avoided.io can safeguard your business with real-time chargeback prevention and fraud management. helps: Near real-time fraud detection: By leveraging combined alerts from Ethoca and Verifi, avoided.io

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Risk Disputes Debit Card Cross-Border 88

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.

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AI Financial Crimes Deepfake Fraud Prevention 88

The Payments Association

OCTOBER 22, 2024

According to the Payment Systems Regulator (PSR) , the volume of APP fraud cases rose by 12% last year. This increase was driven by fraudsters leveraging sophisticated techniques, such as fraud networks, phishing scams and AI-generated deepfakes, to trick victims into authorising payments.

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Fintech Finance

FEBRUARY 20, 2025

The move comes as Deloittes Center for Financial Services warns that fraud losses driven by generative AI could reach $40 billion in the US alone by 2027. The rising sophistication of AI-generated deepfake images and videos poses an increasing risk to the payments industry, making advanced fraud detection more critical than ever.

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AI Deepfake Verification Fraud Detection 52

Finovate

SEPTEMBER 18, 2024

“This strategic partnership will allow CLOWD9 clients to access both a compelling end-to-end identity solution and an AML screening solution with advanced AI-fraud detection capabilities,” CLOWD9 CEO and Co-Founder Suresh Vaghjiani said.

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Fraud Detection Verification Payment APIs and Integration OFAC 64

Finovate

AUGUST 14, 2024

The battle against fraud is a never-ending one. From the challenge of AI-powered deepfakes to the sad fact that many of our own bad habits continue to keep fraudsters in business, fintechs are busy developing solutions to help us get and stay at least one step ahead of the bad guys. Johnny Ayers is Socure’s founder and CEO.

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Credential FinTech Deepfake Fraud Detection 64

The Fintech Times

AUGUST 13, 2024

Fraudsters are leveraging artificial intelligence (AI) tools like voice cloning and deepfakes to create highly convincing fake audio or video messages to deceive victims into transferring money or revealing sensitive information. How do the Latin American AI and anti-fraud sectors compare to that of the rest of the world?

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Fintech News

FEBRUARY 18, 2024

But with innovation comes risk – especially around identity verification and fraud prevention. This includes the development of proprietary technologies such as workflow builders, liveness and deepfake detection, and mechanisms to adhere to the travel rule.

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Verification Travel Rule Multi-Currency Compliance 120

Seon

SEPTEMBER 20, 2024

SEON recently brought together industry leaders from the online lending space to discuss the evolving landscape of fraud prevention and risk management. The Changing Face of Fraud In what many describe as an “unpredictable era,” lenders are collectively challenged to stay ahead of increasingly sophisticated fraudsters.

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Risk Fraud Prevention Risk Management Deepfake 52

The Payments Association

APRIL 7, 2025

Continued investment in innovative fraud detection technologies and adaptive regulatory frameworks is essential to stay ahead of evolving financial crime threats. Key findings reveal that fraud remains the foremost concern, with identity fraud being the most common type encountered.

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Fintech Finance

FEBRUARY 29, 2024

Socure , the leading provider of artificial intelligence for digital identity verification, sanction screening and fraud prevention, and Trustly , a leading global Open Banking payments provider, today announced an industry-first partnership to offer merchants and fintechs a streamlined onboarding and guaranteed Pay by Bank solution.

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Fraud Prevention Process FinTech Online and Mobile Banking 52

Seon

JUNE 7, 2024

Add in the emergence of deepfake technologies that allow fraudsters to impersonate individuals through manipulated videos or audio, adding an extra layer of authenticity to deceitful tactics, and the landscape of fraud becomes even more difficult to parse. million for a purported new headquarters building in an email scam.

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AI Innovation Fraud Prevention Fraud Detection 52

Fintech News

OCTOBER 28, 2024

Fighting deepfakes and fraudulent identities – Jumio’s holistic approach to building identity trust” with “Jumio Delivers Adaptive Verification as AI Fraud Projected to Hit US$40 Billion. Hong Kong police recently arrested 27 individuals linked to a deepfake scam that swindled victims out of $46 million.

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The Payments Association

DECEMBER 10, 2024

This is evidenced by the fact that payment card fraud alone is projected to increase by over $10 billion between 2022 and 2028, according to the data. These tools leverage machine learning algorithms to continuously learn and adapt, enabling them to spot evolving fraud tactics that may otherwise go undetected by static rule-based systems.

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The Fintech Times

MARCH 14, 2025

Within wider AI-driven topics fraud detection was an interesting one, in the session Dealing with AI, Fighting on both sides of Financial Fraud, experts discussed the dual role of AI, both as a weapon for fraudsters and a defence mechanism for financial institutions. Fraud prevention is an arms race, he said.

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FinTech Consumer Financial Protection Bureau (CFPB) Fraud Detection AI 59