Fintech News

NOVEMBER 6, 2024

Ant International is employing advanced artificial intelligence (AI) technologies to streamline and secure cross-border transactions for nearly 100 million SMEs across over 200 markets. This enhanced precision helps reduce transaction costs for merchants, offering them greater financial flexibility.

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Cross-Border AI Deepfake Transactions 109

The Payments Association

DECEMBER 9, 2024

The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. From fraud detection to customer support, AI-driven solutions are revolutionising how payments are processed and safeguarded. What is this article about?

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Privacy Payment Security AI Security 88

Finovate

DECEMBER 11, 2024

LexisNexis Risk Solutions has signed an agreement to acquire document authentication and fraud detection solutions provider IDVerse. The acquisition will enhance LexisNexis Risk Solutions’ ability to combat emerging threats such as AI-generated fraud and deepfakes. Terms of the transaction were not disclosed.

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Risk Acquirers Deepfake Fraud Detection 52

The Fintech Times

DECEMBER 10, 2024

AI-powered automated document authentication and fraud detection solutions provider, IDVerse is set to be acquired by data and analytics platform, LexisNexis Risk Solutions and become a part of LexisNexis Risk Solutions Business Services to combat AI-generated fraud. The terms of the transaction have not been disclosed.

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AI Risk Acquirers Deepfake 64

The Payments Association

MAY 13, 2025

As APP fraud grows more sophisticated, banks must move beyond transactional checks and use behavioural signals to intervene before money moves. Authorised push payment (APP) fraud is no longer a fringe threatits now the most advanced form of digital deception today. But this kind of fraud doesnt happen in a single moment.

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Scams Fraud Detection Deepfake Phishing 88

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

Fintech Finance

MARCH 4, 2025

Liability can be unclear, given that victims approve transactions. However, regulators have been expanding accountability beyond financial institutions to the digital channels used in fraud scams, such as telecommunications and social media.

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Fraud Prevention Deepfake Scams Fraud Detection 52

The Payments Association

APRIL 2, 2025

The panellists described a troubling evolution: traditional scams being supercharged by artificial intelligence. “Real-time deepfakes have moved beyond theoretical concerns,” explained David Sutton, chief innovation officer at Featurespace. “Model-based approaches for fraud detection have been around for a long time.

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AI Financial Crimes Deepfake Fraud Prevention 88

The Fintech Times

SEPTEMBER 11, 2024

Automated bot attacks on social media surged dramatically in the second quarter of 2024, according to AU10TIX ’s latest Global Identity Fraud Report. This rise highlights growing concerns about the ability of social media platforms to detect and combat organised fraud, particularly as bots become more sophisticated.

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Bots Deepfake Automation APACS 59

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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Rules Fraud Prevention Caps Deepfake 88

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. ” Alex Shootman is CEO.

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Credential FinTech Deepfake Fraud Detection 64

The Fintech Times

AUGUST 13, 2024

However, while the tech can be very dangerous in the wrong hands, AI is also the best way to identify and combat this type of fraud. Organisations need help to combat fraud or they risk losing a lot more. Now we are protecting over 300 million customers and processing billions of transactions per year across nine countries.

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AI Fraud Detection Fraud Prevention Phishing 59

Finovate

MARCH 13, 2024

The integration will bring automated crypto transaction monitoring and secure data storage, as well as ensure regulatory compliance. The partnership brings Sumsub’s Transaction Monitoring and Travel Rule solutions to the Chainalysis platform. Sumsub made its Finovate debut at FinovateEurope 2020 in Berlin, Germany.

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Verification Blockchain Travel Rule Regulatory Compliance 59

Fintech News

FEBRUARY 18, 2024

This system was pivotal for refining the onboarding process, ensuring businesses could engage in transactions smoothly and with robust security. 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

The Fintech Times

DECEMBER 21, 2023

She added: “Digital payments will become ubiquitous, with cashless transactions becoming the norm for both domestic and cross-border payments.” First is an expected uptick in utilising AI for more complex processes, like data analysis and fraud detection.

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Cross-Border Payments Cross-Border Online and Mobile Banking Payments 115

Seon

JUNE 27, 2024

These advancements have changed the way we approach cybersecurity and fraud detection. AI can generate synthetic identities, create deepfakes and lead other persuasive and difficult-to-detect social engineering tactics. Uncover Complex Fraud Patterns Continuously improve your fraud detection with proven AI insights.

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Cybersecurity Fraud Detection Identity Theft Money Laundering 52

Finovate

MAY 16, 2024

Digital identity verification innovator Socure announced a partnership with identity-secured transactions company Proof. The partnership will combine Proof’s Defend solution with Socure’s Sigma Fraud suite to help companies fight fraud and forgery in authorizations, agreements, contracts, and forms.

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Authorization Verification OFAC Fincen 59

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

Finovate

FEBRUARY 29, 2024

On the fraud side, the augmented pay-by-bank solution enhances not only KYC compliance, but also fraud detection and ID verification capabilities, which are crucial in today’s era of advanced deepfakes and synthetic identities.

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Verification Deepfake Fraud Detection Push-to-Card 64

Fintech Finance

FEBRUARY 29, 2024

Socure’s AI-powered platform uses predictive analytics and a database of over two billion identities to provide industry-leading accuracy for KYC/CIP compliance, fraud detection and ID verification through its fully integrated suite.

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Fraud Prevention Process FinTech Online and Mobile Banking 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. The existing technical mechanisms, like MFA and biometrics, will not be able to prevent this type of fraud.

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Financial Crimes Crime Fraud Prevention AML 88

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.

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AI Innovation Fraud Prevention Fraud Detection 52

PYMNTS

SEPTEMBER 11, 2019

STACK implements various behind-the-scenes procedures — tokenization, identity verification and automated fraud detection, for example — and provides customer-facing options that give users a sense of control and transparency.

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Security Online and Mobile Banking Procedures Deepfake 45

Segpay

NOVEMBER 20, 2023

By partnering with the right payment processor, businesses in the adult industry can focus on what they do best, confident that customer data and financial transactions are secure. We protect sensitive customer data through a 256-bit encryption technology that provides a confidential and secure payment transaction environment.

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AI Privacy Fraud Detection Indemnification 52

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. One of the biggest breakthroughs is Pay by Bank transactions.

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