Fintech News

APRIL 6, 2025

Sumsub has launched Sumsub Academy, an educational initiative aimed at empowering professionals in compliance, risk, and fraud prevention. The post Sumsub Academy Launched, Providing Expert-Led Fraud Prevention Courses appeared first on Fintech Singapore. The launch of Sumsub Academy comes at a crucial time.

Fraud Prevention 68

Fraud Prevention Deepfake Travel Rule Continuing Education 68

Finovate

FEBRUARY 10, 2025

A newly announced strategic partnership between Backbase and Feedzai aims to bring advanced financial crime prevention technology to engagement banking. ” Headquartered in San Mateo, California, Feedzai offers technology that leverages AI to help businesses fight fraud and financial crime. .

Financial Crimes 64

Financial Crimes Crime Fraud Prevention Account Takeovers 64

Fintech Finance

DECEMBER 19, 2024

Visa (NYSE: V) today announced it has completed its acquisition of Featurespace , a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks.

Fraud Prevention 97

Fraud Prevention Value Added Service Financial Crimes AI 97

Fintech News

FEBRUARY 26, 2024

Flagright, an AI-native company specialising in Anti-Money Laundering (AML) compliance and fraud prevention, has announced its partnership with SALT, a financial platform aiming to support Small and Medium Enterprises (SMEs) in India and Asia.

Fraud Prevention 120

Fraud Prevention Compliance Money Laundering AML 120

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.

Payments Trends 88

Payments Trends Financial Crimes Cross-Border Payments 88

Fintech Review

FEBRUARY 6, 2025

The collaboration integrates Feedzai’s Digital Trust solutions with Backbase’s Engagement Banking Platform , offering financial institutions tools designed to enhance fraud prevention, support secure banking environments, and optimize digital customer experiences. Users can visit www.backbase.com for more.

Financial Crimes 52

Financial Crimes Crime Fraud Prevention Risk Assessment 52

Finovate

JANUARY 30, 2025

What can the financial services industry do to better educate their clients about the challenge of financial crime? Before joining the financial services industry, Littlechild was a specialist in white collar crime, investigations, and compliance at Ropes and Gray.

Financial Crimes 52

Financial Crimes Crime White Collar Crime AML 52

The Payments Association

FEBRUARY 10, 2025

The Economic Crime and Corporate Transparency Act 2023, specifically the “failure-to-prevent fraud” offence, and outlines how businesses can mitigate fraud risks. This legislation represents a significant shift in corporate accountability, aiming to strengthen the UKs legal framework against financial crime.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 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?

Financial Crimes 88

Financial Crimes Crime Fraud Prevention AML 88

The Payments Association

FEBRUARY 24, 2025

Whats on the menu: Evolving fraud tactics and why traditional fraud prevention methods are no longer enough. Embracing innovation and improving customer experience while staying secure Open-loop vs. closed-loop when it comes to fraud management How to protect your business while delivering seamless payments

Financial Crimes 88

Financial Crimes Fraud Prevention Crime Payments 88

Fintech News

MAY 22, 2024

Over the past years, financial crime tech has risen to prominence, driven by increasing complexity and frequency of financial crimes, stricter regulations and compliance requirements, and technological advancements. Today, we delve into these firms’ offerings, recent strides and contributions to the field.

Financial Crimes 104

Financial Crimes Crime APACS Risk Assessment 104

The Payments Association

DECEMBER 19, 2024

Dialect, the payments specialist business outsource provider and Synalogik , the data aggregation and fraud prevention platform, are pleased to announce their new strategic partnership. Together, we’re setting a new standard for excellence and innovation in the fight against fraud.

Fraud Prevention 88

Fraud Prevention Money Laundering Financial Crimes AML 88

The Payments Association

APRIL 2, 2025

However, it also holds potential for building security and adaptability in defenses: 60% have adapted AI/ML in fraud prevention, while another 25% plan to do so in the coming months.

Fraud Prevention 88

Fraud Prevention AI On-Demand Payments 88

Fintech Finance

AUGUST 1, 2024

PAYSTRAX , the payment processing solution for merchants across the EU and UK, has teamed up with global fraud and financial crime prevention company Featurespace to enhance security measures against fraudulent activities. PAYSTRAX has over 500 customers across the UK and the European Economic Area.

Fraud Prevention 98

Fraud Prevention Financial Crimes Technology Crime 98

The Payments Association

JUNE 11, 2025

Modern platforms operate in an environment where 269 million card records were posted on dark web platforms in 2024 , and friendly fraud accounts for 75% of all chargeback losses. Consequently, the cost of fraud prevention now reaches $4.61 Static, manual-heavy models are no longer viable.

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. Balancing fraud prevention with maintaining a good service to customers is a constant struggle.

Fraud Detection 88

Fraud Detection Fraud Prevention Participant Financial Crimes 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

Fi911

DECEMBER 19, 2023

In finance, AI’s role is becoming increasingly pivotal, particularly in fraud prevention and management. As digital banking services grow in popularity, the unfortunate byproduct is a corresponding rise in fraud. This trend underscores the question: Can AI truly integrate into the financial sector effectively?

Fraud Prevention 98

Fraud Prevention Fraud Detection Point-of-Sale (POS) Online and Mobile Banking 98

The Payments Association

MARCH 21, 2025

The Cleafy Fraud Extended Detection and Response (FxDR) platform isnt just another fraud prevention tool; its a shift in how financial institutions think about security. Seeing what others miss Traditional fraud prevention systems have served banks well but werent built for todays attacks.

Fraud Prevention 88

Fraud Prevention Cybersecurity AI Consulting 88

The Payments Association

MAY 20, 2025

SEON, a leader in digital fraud prevention and compliance, has announced that Tecovas, the worlds fastest-growing Western brand, has adopted SEONs technology to strengthen security and streamline fraud detection across its retail and e-commerce operations.

Fraud Prevention 88

Fraud Prevention Fraud Detection Compliance AI 88

Fintech News

OCTOBER 21, 2024

This funding will support Tookitaki’s expansion across key Asian markets and bolster its financial crime prevention technology. Tookitaki’s platform, FinCense, uses AI to help institutions detect and address financial crime more effectively. The sum was not disclosed.

Financial Crimes 137

Financial Crimes Security Crime Cross-Border Payments 137

The Payments Association

MARCH 11, 2025

SEON , the leader in digital fraud prevention and compliance , has announced the release of its ‘ 2025 Digital Fraud Report ‘ , a global fraud, risk and compliance trend survey highlighting fraud prevention strategies, benchmarking efforts and emerging trends shaping 2025.

Fraud Prevention 88

Fraud Prevention AI Compliance Mitigation 88

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.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

Fintech Finance

DECEMBER 11, 2024

The challenge: Traditional fraud detection is falling behind The lack of visibility across the payment lifecycle creates vulnerabilities that can be exploited by criminals. A collaborative approach to fraud modeling offers significant advantages over traditional methods in combating financial crimes.

SWIFT 95

SWIFT AI Cross-Border Payments Privacy 95

The Payments Association

SEPTEMBER 26, 2024

With traditional systems unable to deal with the agile nature of fraud in today's payments space, new approaches such as 'Collaborative Intelligence' and 'Inbound transaction screening' will be seen as key to further improve fraud prevention for financial institutions.

Fraud Prevention 88

Fraud Prevention Rules Risk Transactions 88

The Payments Association

FEBRUARY 20, 2025

Yet, recent research from Mastercard shows 71% of consumers would stop doing business with a company after experiencing fraud on their app or website. So, how do financial services find the perfect balance between exceptional customer experience and robust fraud prevention?

Fraud Prevention 88

Fraud Prevention Payments On-Demand Visa 88

Fintech News

JULY 31, 2024

Hawk, a provider of AI-driven fraud prevention and anti-money laundering (AML) technology, has secured additional Series B funding with Macquarie Capital. This new funding aims to enhance Hawk’s international growth as demand for its AI-powered anti-financial crime technology continues to rise.

AI 107

AI Financial Crimes Fraud Prevention AML 107

The Payments Association

JUNE 7, 2024

Tony Sales, a former fraudster turned fraud prevention specialist and co-founder of WeFightFraud, shares his perspective on effective strategies and technologies businesses can use to protect against evolving threats. Read more

Fraud Prevention 88

Fraud Prevention Technology Financial Crimes Crime 88

Fintech Review

MARCH 11, 2025

NYC, NYC, March 11th, 2025, FinanceWire Feedzai , the global leader in AI-native fraud prevention solutions, today announced the launch of ScamAlert, an innovative GenAI-powered fraud prevention agent built from a deep understanding of tactics fraudsters use to exploit consumers.

Scams 52

Scams Fraud Prevention Risk Assessment Financial Crimes 52

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

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

The Payments Association

APRIL 8, 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. Balancing fraud prevention with maintaining a good service to customers is a constant struggle.

Fraud Detection 88

Fraud Detection Fraud Prevention Scams Participant 88

The Payments Association

JUNE 7, 2024

Adopting ISO 20022 is essential for modernising cross-border payments, enhancing fraud prevention, and ensuring seamless interoperability and efficiency in international financial transactions. Read more

ISO 20022 88

ISO 20022 Cross-Border Payments Cross-Border Fraud Prevention 88

Finovate

JUNE 20, 2024

Refine Intelligence has introduced its Digital Customer Outreach for Check Fraud Prevention solution. Refine Intelligence launched its Digital Customer Outreach for Check Fraud Prevention solution this week. Refine Intelligence made its Finovate debut at FinovateEurope 2023 in London.

Fraud Prevention 59

Fraud Prevention Checks Financial Crimes Due Diligence 59

PYMNTS

DECEMBER 9, 2020

9) that it’s successfully completed its acquisition of GIACT and has expanded its suite of products for fraud prevention and identity verification. Finance data and infrastructure-service provider Refinitiv announced Wednesday (Dec.

Fraud Prevention 80

Fraud Prevention Money Laundering Due Diligence Monetary Loss 80

The Payments Association

JANUARY 28, 2025

From September this year, large organisations can be found criminally liable if employees, agents, subsidiaries or other ‘associated persons’ commit fraud intending to benefit the organisation or their clients. But what should this look like for you and your organisation?

Fraud Prevention 88

Fraud Prevention Procedures Financial Crimes Crime 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.

Financial Crimes 67

Financial Crimes Crime Scams Fraud Prevention 67