This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Financial Crimes Fraud Detection Transactions 
The Payments Association
APRIL 7, 2025
SNEAK PEAK: Unveiled: Key Financial Crime 360 findings July 16, 2024 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The findings of the Financial Crime 360 survey, focusing on the challenges, prevalent fraud types, and strategic responses across various sectors. Why is it important?
Fintech News
MAY 21, 2025
Temenos has introduced a new AI-powered solution aimed at improving how banks detect and manage financial crime. The software is designed to help financial institutions monitor and evaluate sanctions screening alerts more accurately by reducing false positives and speeding up investigations.
Finovate
APRIL 8, 2025
Hawk , a company offering AI-powered anti-money laundering (AML), screening, and fraud prevention solutions, has secured $56 million in Series C funding. The fintech, which made its Finovate debut at FinovateSpring 2022, will use the capital to help Tier 1 banks leverage AI to fight financial crime.
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.
Fintech News
OCTOBER 16, 2024
Swift, the global financial messaging network, is launching a new AI-powered service to help banks fight financial crime. The service, which will be available in January 2025, uses artificial intelligence to analyse pseudonymised data from billions of transactions and flag suspicious activity in real time.
108 
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.
Fintech News
SEPTEMBER 29, 2024
The acquisition aims to bolster Visa’s fraud detection and risk management capabilities, which are used globally by financial institutions and businesses to safeguard transactions. The post Visa to Acquire AI Fraud Detection Firm Featurespace appeared first on Fintech Singapore.
108 
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.
Fintech Finance
DECEMBER 11, 2024
By enabling secure collaboration and knowledge sharing without compromising data privacy, we are fostering a safer and more resilient financial ecosystem for everyone, said Andrea Gallego, Managing Director, global GTM incubation, Google Cloud.
95 
The Payments Association
JANUARY 3, 2025
It highlights the necessity of advanced fraud detection and greater industry collaboration. Improving regulations, using technology for detection, and fostering industry-wide cooperation. As fraud continues to grow in sophistication, merchants are increasingly at the forefront of the battle against financial crime.
Neopay
JANUARY 30, 2025
The Financial Conduct Authority (FCA) has recently published its findings on how firms are using the National Fraud Database (NFD) and money mule account detection tools to combat financial crime.
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).
64 
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?
88 
The Payments Association
APRIL 7, 2025
SNEAK PEE K: Unveiled: Key Financial Crime 360 findings July 16, 2024 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The findings of the Financial Crime 360 survey, focusing on the challenges, prevalent fraud types, and strategic responses across various sectors. Why is it important?
The Payments Association
OCTOBER 28, 2024
However, the fight against fraud is not without its successes. Financial institutions and payment providers are stepping up their efforts, and according to the report, more than £710 million in unauthorised transactions were thwarted during this same period.
88 
The Payments Association
FEBRUARY 10, 2025
It highlights new corporate responsibilities, significant penalties for non-compliance, and the businesses need to implement strong fraud prevention measures to protect their financial and reputational standing. Firms must be required to have fraud prevention policies in place and demonstrate their effectiveness.
88 
The Payments Association
APRIL 8, 2025
It highlights the necessity of advanced fraud detection and greater industry collaboration. Improving regulations, using technology for detection, and fostering industry-wide cooperation. As fraud continues to grow in sophistication, merchants are increasingly at the forefront of the battle against financial crime.
The Payments Association
JUNE 11, 2025
Industry Voices "Fraud prevention must evolve into adaptive, intelligence-driven ecosystems combining real-time automation with self-learning AI. The industry needs systems that scale seamlessly with transaction volume while minimising friction for legitimate customers. billion in return-based fraud in 2022.
88 
The Payments Association
NOVEMBER 21, 2024
Paydock continues to grow its partner network, forging strategic alliances that deliver enhanced value and operational efficiency to merchants and financial institutions worldwide. By automating fraud detection, businesses can eliminate manual reviews, accelerating fulfilment and providing a smooth customer experience.
FICO
MARCH 6, 2020
In September 2019, Fico and Visma announced their partnership to Offer SaaS Anti Financial Crime Solutions in Western Europe. I also manage the partner channels and programs for our financial crime compliance solutions. For more than two decades I have now been working in the financial services industry.
The Payments Association
MAY 28, 2025
Dialect now partners with a diverse range of clients across the UK and Europe, delivering expert back-office support for transaction monitoring. With our transaction monitoring embedded solution, payment providers receive specialised support in managing, processing, and closing transaction monitoring cases.
88 
FICO
FEBRUARY 19, 2020
The Clearing House Association announced in January 2020 that on February 1 st the limit for a single transaction using their RTP scheme will increase from it’s current $25,000 to $100,000. Users of wire transfer schemes can find them difficult to set up and expensive to use, but higher transaction values are important to them.
The Payments Association
FEBRUARY 10, 2025
Virtual IBANs (vIBANs) have become a key component of modern payment systems, enhancing payment reconciliation and facilitating cross-border transactions. AI can enhance transaction monitoring, while stronger KYC processes and staff training will help manage risks and maintain compliance.
88 
The Fintech Times
APRIL 2, 2025
Revolut today released its third Consumer Security and Financial Crime Report , revealing the rapidly evolving tactics of fraudsters across its markets. The report highlights that Meta platforms remain the biggest source of all scams globally (58 per cent) in 2024.
59 
The Payments Association
FEBRUARY 27, 2025
was founded with a mission to eliminate the financial and operational burdens caused by chargebacks and fraud. In an era where digital transactions are booming, merchants face escalating chargeback rates, revenue losses, and reputational damage. Traditional fraud prevention tools are slow, reactive, and often ineffective.
The Payments Association
MARCH 25, 2025
The fintech sector is evolving rapidly, transforming financial transactions, but it is also facing growing regulatory scrutiny and risks, such as fraud and cybersecurity threats. As director/MLRO of SENDS, a UK-licensed EMI, I see AI’s potential in fraud prevention, AML, and compliance.
Fintech Finance
SEPTEMBER 26, 2024
Visa (NYSE: V) today announced it has signed a definitive agreement to acquire Featurespace , a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks.
98 
Fintech News
FEBRUARY 14, 2024
Hawk AI, a Germany-based provider of artificial intelligence technology for fraud detection and anti-money laundering efforts, has announced Robin Lee as the new General Manager for its Asia-Pacific (APAC) operations. They’re an exceptional group of people, combining world-class technologists and seasoned financial crime-fighters.
112 
Fintech Finance
FEBRUARY 17, 2025
Leveraging artificial intelligence (AI) technology, PhotonPay has further streamlined anti-money laundering (AML) and counter-terrorism financing (CFT) processes, enhanced its risk management system and effectively reduced financial crime risks. “Compliance is the foundation of trust in global payments.
59 
Fintech Finance
OCTOBER 16, 2024
Swift today announced that it is rolling out new AI-enhanced fraud detection to help the global payments industry step up its defence as bad actors grow increasingly sophisticated. The group has so far developed a number of fraud detection use cases which are set to be tested in a sandbox environment.
Fintech Finance
AUGUST 2, 2024
ComplyTek introduces an advanced transaction screening solution for instant payments , designed to ensure compliance and mitigate fraud within the critical 10-second processing window. Leveraging machine learning and AI, the platform offers comprehensive monitoring and fraud detection capabilities.
Fintech Finance
JUNE 20, 2024
Flutterwave , Africa’s leading payments technology company, has committed to partnering with Nigeria’s Economic and Financial Crimes Commission (EFCC) to establish and lead a state-of-the-art Cybercrime Research Center.
Fintech Review
MARCH 11, 2025
ScamAlert disrupts this cycle by empowering users with real-time alerts and actionable advice, helping them identify and avoid scams before unwittingly validating a transaction. In doing so, it not only protects consumers from financial loss but also strengthens the overall fraud defense by breaking the scam cycle at its source.
52 
The Payments Association
JANUARY 13, 2025
Stronger fraud detection and better industry collaboration are needed to protect consumers The Payment Systems Regulator’s (PSR) findings in its December’s Unmasking how fraudsters target UK consumers in the digital age report reveal a stark picture of the growing threat posed by authorised push payment (APP) scams.
88 
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 COVID-19-Related Fraud.
The Fintech Times
OCTOBER 17, 2024
Swift , the secure financial messaging service provider, is rolling out new AI-enhanced fraud detection to help the global payments industry improve its defence as bad actors become increasingly sophisticated.
Fintech News
JUNE 3, 2024
Shell companies are legal entities that exist primarily on paper, lacking significant operations or physical presence, often used to manage financial transactions without conducting substantial business activities. Trade-based money laundering involves using trade transactions to conceal the origins of illicit funds.
126 
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.
88 
The Payments Association
APRIL 28, 2025
Financial crime and cyber security threats are identified by 9% of respondents, underlining the importance of maintaining robust defences as digital payments expand. Financial crime and cyber security threats have gained prominence particularly in Algeria (100%), the US (23%) and Czech Republic (40%).
Finovate
APRIL 9, 2024
At the conference, Lucinity demonstrated its AI-enabled copilot, Luci , which enhances financial crime compliance via insight generation, report writing, and automation. The technology performs internet searches, background checks, fraud detection, sanctions screening, and more. hours to 25 minutes.
109 
Fintech News
APRIL 2, 2024
Founded in 2022 by banking veterans Macgregor Duncan and Dianne Challenor, Constantinople’s Software as a Service (SaaS) platform is designed to support a broad range of banking services, including transaction banking, payments, lending, and customer experience enhancement through mobile and web applications.
107 
Fi911
DECEMBER 19, 2023
The rapid evolution of technology and the escalating demand for online banking services have made machine learning (ML) an invaluable asset in preemptively tackling fraud risks. The Escalating Threat of Financial Fraud Financial crimes are on an upward trajectory. trillion annually by 2025.
FICO
SEPTEMBER 12, 2018
While AI has been used for more than 25 years in credit fraud detection , few people outside the banking sphere were aware of this. As I discussed there, we are taking the AI and machine learning techniques from fraud detection into the realms of cybersecurity and anti-money laundering.
The Fintech Times
JUNE 1, 2024
Even worse, the fraud landscape shows no signs of improving, as bad actors increasingly utilise AI to increase the damage done to financial organisations. However, many of the largest financial organisations worldwide are actively investigating measures to counteract these threats.
124
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content