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

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

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 Payments Association

OCTOBER 28, 2024

It highlights the rising trends in fraud and stresses the need for payment leaders to implement stronger prevention strategies and collaborations. Payment leaders must focus on fraud prevention, collaboration with tech and telecom sectors, and public education to mitigate future risks. What’s next?

Scams 88

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

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

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. The study, which surveyed nearly 50,000 people from 43 countries, found that 25.5%

Financial Crimes 103

Financial Crimes Crime APACS Risk Assessment 103

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 Participant Scams 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

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 Multifactor Authentication 89

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 COVID-19-Related Fraud.

Financial Crimes 67

Financial Crimes Crime Scams Fraud Prevention 67

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

FICO

NOVEMBER 15, 2021

Their lives can be turned upside down and their finances ruined when they become victims of clever scam artists. We can all become victims of fraud. We asked them about the kind of financial crime that was worrying to them. This compounds the idea that scams happen to other people – people that aren’t like us.

Scams 105

Scams Romance Scams Crime Fraud Prevention 105

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. This fraud targets all demographics and generations, with U.S. Financial crime-fighters simply won’t suffer this state of affairs.

Financial Crimes 81

Financial Crimes Crime Due Diligence Federal Trade Commission 81

PYMNTS

MAY 22, 2020

Financial institutions (FIs) are no strangers to financial crime, with fraudsters continually targeting them and their customers for money and data. The Federal Trade Commission (FTC) has received 18,235 reports of virus-centric scams since the beginning of the year, and these incidents have resulted in more than $13.4

Fraud Prevention 74

Fraud Prevention Financial Crimes Federal Trade Commission Crime 74

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

OCTOBER 21, 2024

The UK’s increasing fraud and scam problem, focusing on new regulations mandating automatic reimbursement for APP fraud victims. The rule changes provide stronger consumer protection but also raise concerns about industry costs and potential fraud exploitation. The UK’s fraud and scams problem is not going away.

Scams 88

Scams Law Enforcement Crime Fraud Prevention 88

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

The Fintech Times

JUNE 24, 2024

As many as 15 million Brits could have fallen victim to scams in the past 12 months, according to new research from Wise , the international money app. Among those hit by scams, 17 per cent reported a significant financial impact, with 10 per cent even having to delay retirement plans as a result.

Scams 64

Scams Fraud Prevention Financial Crimes Crime 64

Fintech News

JUNE 17, 2024

Revolut has also enhanced its security measures, introducing features such as single-use virtual cards, real-time transaction monitoring, and educational modules on fraud prevention. We have stayed ahead of the curve and built a strong financial crime team.”

Cross-Border 113

Cross-Border Fraud Prevention Financial Crimes Scams 113

The Fintech Times

AUGUST 20, 2024

Global cryptocurrency exchange Binance is joining forces with the Macau Judiciary Police to launch a joint anti-scam campaign to increase risk awareness and reduce the risk of fraud in the digital space. A representative of the Judiciary Police of Macau commented: “Judicial Police is committed to combating financial crimes.

Scams 59

Scams Risk Law Enforcement Transactions 59

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

The Fintech Times

MARCH 27, 2024

Form3 , the cloud-native account-to-account platform, has launched a new authorised push payment fraud (APP fraud) prevention solution, powered by Feedzai , the anti-fraud and financial crime software provider.

Fraud Prevention 59

Fraud Prevention Faster Payments Financial Crimes Crime 59

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. Over a third of fraud attempts (42.5

SWIFT 124

SWIFT AI Fraud Detection Fraud Prevention 124

The Fintech Times

MARCH 30, 2025

” The 2025 FinTech Innovation Lab New York participants are: ANCHAIN.AI (San Jose, CA) an agentic AI platform that helps financial institutions investigate financial crime, enhance compliance and prevent fraud in digital asset transactions and beyond.

Innovation 80

Innovation FinTech AI Underwriting 80

The Payments Association

APRIL 2, 2025

Payments leaders should focus on improving data quality, fostering cross-sector collaboration, and responsibly integrating AI into fraud prevention strategies. Aisling Twomey, who runs business banking financial crime at Monzo, stressed that organisations must focus on data quality before attempting AI solutions.

AI 88

AI Financial Crimes Fraud Prevention Deepfake 88

PYMNTS

OCTOBER 19, 2020

These apps are not without danger, though, and fraudsters are looking to cheat and scam their way to paydays from innocent users. We split out scams and frauds,” he explained in a recent interview with PYMNTS. Fraud means someone is trying to access your device, while scams consist of people being tricked into sending money.”.

Zelle 68

Zelle Scams AI CashApp 68

The Payments Association

OCTOBER 14, 2024

The Payment Systems Regulator’s decision to lower the cap for APP fraud reimbursements to £85,000. It affects how victims of fraud are compensated and how payment service providers (PSPs) approach fraud prevention. Cath stresses the need for better consumer education and warns the new process may increase scams.

Caps 88

Caps Fraud Prevention Fraud Detection Scams 88

Fintech Finance

AUGUST 19, 2024

Unit21 , a global risk and compliance leader that proactively mitigates risks tied to fraud, money laundering, and other financial crimes, today announced a new bundle of features for Automated Clearing House (ACH) transactions.

ACH 52

ACH Fraud Prevention AI Same Day ACH 52

The Payments Association

OCTOBER 22, 2024

While this marks a significant step toward protecting consumers from authorised push payment (APP) fraud, concerns remain that the reduced compensation cap may leave some victims vulnerable. Further, it is unclear whether the rules address the complexities and evolving fraud tactics. AI is a double-edged sword in fraud prevention.

Rules 88

Rules Fraud Prevention Caps Deepfake 88

FICO

JANUARY 19, 2022

From TBML to BNPL to NFTs, 2021 found fraud and financial crime professionals dealing with a plethora of new challenges and criminal schemes. Our five most popular posts of the year dealt with trade-based money laundering, non-fungible tokens, buy now pay later scams, courier scams and good old credit card fraud.

Financial Crimes 52

Financial Crimes Crime Money Laundering NFTs 52

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

The Fintech Times

DECEMBER 28, 2023

Businesses under greater pressure to protect customers Tamas Kadar, CEO and co-founder SEON In the face of rising online fraud and limited government action, businesses are increasingly burdened with the responsibility of protecting customers, warns Tamas Kadar, CEO and co-founder of anti-fraud platform SEON.

Fraud Prevention 81

Fraud Prevention Scams Fraud Detection Regulatory Compliance 81

The Fintech Times

JULY 3, 2024

But this approach has come under criticism, with many suggesting this setup means tech firms aren’t incentivised to crack down on APP fraud at the source. Should Labour’s plan come into effect, it could have a significant impact on the existing fraud landscape.

Scams 105

Scams Financial Crimes Due Diligence Crime 105

Finextra

SEPTEMBER 10, 2024

While many financial institutions continue to be concerned about whether they are breaching rules and obligations, in certain situations, the fact that sharing data for fraud prevention can be useful and is a legitimate reason, is lost.

Fraud Prevention 59

Fraud Prevention Financial Crimes Scams Crime 59

The Payments Association

MAY 7, 2025

As we navigate through 2025, high-risk merchants face a rapidly evolving fraud landscape. From AI-driven scams to rising chargeback rates, the challenges are growing more complex and costly. billion to chargebacks, a figure projected to rise as fraud tactics become more sophisticated. In 2024 alone, businesses lost $8.9

Risk 88

Risk Disputes Debit Card Cross-Border 88

FICO

DECEMBER 14, 2021

But European fraud and financial crime have continued to evolve. More Vaccine-Related Scams. Related scams have also been on the rise. We believe this is one of the many scams that will consistently hit the headlines in 2022. Investment in Scam-Fighting AI.

Scams 52

Scams Data Breach Financial Crimes Breach 52