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Blockchain analysis firm Chainalysis has acquired Alterya , an AI-based frauddetection platform focused on identifying scams before they impact victims. Frauddetection faces new challenges with advanced technologies like generative AI enabling more complex scams.
The acquisition is expected to bolster Visa s fraud protection capabilities and enhance security for its customers worldwide. Featurespaces advanced frauddetection and risk-scoring capabilities will be integrated into Visas existing portfolio of fraud prevention solutions.
Real-Time FraudDetection: Defence at Machine Speed Traditional fraud systems rely on static rules and after-the-fact analysis. But fraud doesn’t wait, and neither can protection. Collaborative intelligence between banks, fintechs, and regulators. Real-time fraud networks to share alerts across the ecosystem.
The fintech unicorns in Asia are moving to reshape the very fabric of how people and businesses interact with money. Out of the unicorns worldwide valued at a combined $4 trillion , a rising share are coming out of Asias fast-moving fintech ecosystem. These include two decacorns from India and China, each valued at over $10 billion.
Swift, the global financial messaging service provider, is collaborating with Google Cloud to develop innovative anti-fraud technologies. This approach enhances frauddetection capabilities while ensuring data confidentiality.
HPS , a leading global provider of payment software and solutions, and Enigma , a global leader in artificial intelligence enabled entity resolution and decision-making, today announced a strategic collaboration to deliver cutting-edge AI frauddetection models to businesses worldwide.
Swift is also testing frauddetection use cases in a sandbox environment. Additionally, Swift is exploring the use of federated learning, a privacy-preserving AI technique, to allow banks to share information securely and improve frauddetection models collaboratively.
Payment giant Visa is set to acquire Featurespace, a company specialising in artificial intelligence (AI) technology for real-time payments fraud protection. The acquisition aims to bolster Visa’s frauddetection and risk management capabilities, which are used globally by financial institutions and businesses to safeguard transactions.
The solution has already been used by early-access customers, with one Latin American fintech company reporting over 30 percent more fraud attempts detected, including injection attacks and deepfakes. The post Jumio Rolls Out Advanced Liveness Detection to Combat Deepfakes appeared first on Fintech Singapore.
In this article, we cover the developments between Agentic AI in fintech and possible use cases, giving a glimpse into how financial services could look like in the near future. In fintech, this means AI systems that dynamically manage credit risk, automate trading decisions, and even preemptively block fraud, all without human intervention.
A couple of years after its initial boom, artificial intelligence (AI) still remains a huge buzzword in the fintech industry, as every firm looks at a new way of integrating the tech into its infrastructure to gain a competitive edge. The fintech industry is constantly bringing new ideas to the fore that have the potential to take off.
The ninth edition of the Singapore Fintech Festival (SFF) wrapped up on 8th November, concluding a dynamic week-long of celebration of fintech that brought together tens of thousands of participants from around the world. The year’s conference featured an impressive lineup of over 900 speakers across more than 400 sessions.
Fintech is transforming financial services across Asia at an unprecedented pace. With rapid digital adoption, evolving regulations, and AI-driven innovations, the region is at the forefront of global fintech growth. The Asia-Pacific fintech market is projected to reach USD $171.32 billion in 2025 and surge to USD $359.83
The collaboration will help banks, fintechs, and financial institutions enhance fraud prevention without compromising the user experience. The integration of Sumsub’s compliance solutions will help financial institutions deal with the growing threat of fraud and financial crime. . The company was founded in 2019.
As payment systems become more digitised and interconnected, the attack surface expands, and the stakes for payments firms to invest in robust, AI-driven frauddetection and prevention systems have never been higher. fingerprints, facial recognition), and behavioural biometrics (e.g., keystroke dynamics or mouse movements).
Crypto fraud rate, %, Source: State of the Crypto Industry 2025, Sumsub, Feb 2025 According to the report, these results can largely be attributed to advancements in fraud prevention technologies, with innovations like biometrics checks and artificial intelligence (AI)-backed automation significantly enhancing security and frauddetection.
Welcome to Edition 59 of The Fintech Times , where we explore how AI is reshaping banking, from boosting efficiency to cutting costs. As we explore in this edition of The Fintech Times , the growing reliance on AI raises big questions: Are banks leaning too much on this technology, and what happens if they do? Happy reading!
We’ll see if the fintech headlines can keep up this week! Fraud prevention and identity verification FrankieOne launches new risk and compliance platform that offers frauddetection and identity verification. Digital bank N26 unveils an updated version of its premium subscription, N26 Go.
LexisNexis Risk Solutions, a global data and analytics company under RELX, has agreed to acquire IDVerse , a provider of AI-powered document authentication and frauddetection solutions. This move will enable LexisNexis Risk Solutions to further enhance its capabilities in combating AI-generated fraud, including deepfakes.
It promises to deliver improved frauddetection rates by an average of 20% and up to 300% in certain cases, thanks to its ability to process and enhance the overall DI score within a remarkable timeframe of less than 50 milliseconds.
The Ultimate Guide for Founders, CFOs, and Finance Teams Choosing the right fintech stack can make or break a company’s financial operations. Whether you are a B2B founder building a global marketplace, a CFO steering a SaaS scale-up, or a finance team tasked with managing complex payments, finding the best fintech tools is critical.
With this new partnership, FinMont’s global payment platform will support a wide range of payment methods, and ensure a seamless transaction process, fortified by robust frauddetection features.
The investment will fuel product innovation for the Munich, Germany-based fintech, as well as power the company’s expansion plans. Hawk , a company offering AI-powered anti-money laundering (AML), screening, and fraud prevention solutions, has secured $56 million in Series C funding. The company was founded in 2018.
As fintech spring continues to evolve and the sector matures to adapt to shifting dynamics, last quarter–the second quarter of 2025–delivered. The Swedish fintech not only launched a Visa-backed debit card, but also announced a $40-per-month mobile plan in the US that leverages AT&T’s mobile network.
Sumsub said the solution is particularly useful in high-risk sectors like crypto, fintech, banking, and e-commerce, where early detection can prevent financial losses and protect platform integrity. The post Sumsub Leverages Device Intelligence to Monitor Fraud Activity in Real Time appeared first on Fintech Singapore.
Welcome to the Fintech Review guide , our definitive source for everything fintech. Over the years, weve covered a broad range of fintech topics from digital banking to decentralised finance , regtech , green fintech , and more. What Is Fintech? At its core, fintech challenges the status quo.
The challenge: Traditional frauddetection 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.
To build a modern infrastructure that underpins the broader institution, JPM acquired payments fintech Renovite Technologies in 2022. Morgan Payments, the payments division is much more than just another arm of the bank he sees it as a fintech within J.P. As Cao noted, banks and fintechs each bring different strengths to the table.
Unfortunately, older frauddetection methods often cant keep up with todays fast-moving threats. A new approach to fighting fraud Regarding fraud prevention, simple rule-based systems arent enough anymore. Custom systems to match specific risks Fraud isnt a one-size-fits-all issue. And the risks are real.
The post Ant International Deploys AI to Streamline and Protect Cross-Border Transactions for Nearly 100 Million SMEs Worldwide appeared first on FF News | Fintech Finance.
In response, 96% of US banks back the implementation of a ‘confirmation of payee’ scheme to protect against fraud. Other fraud-fighting measures like AI (40%), real-time frauddetection (39%), and multi-factor authentication (35%) are also gaining traction.
The latest addition to this network is Forter, a global leader in AI-powered fraud prevention, who joins Paydock in transforming frauddetection and prevention for online businesses. By automating frauddetection, businesses can eliminate manual reviews, accelerating fulfilment and providing a smooth customer experience.
2024 is expected to be a year of innovation for the fintech industry, marked by advancements in artificial intelligence (AI), cross-border and real-time payments, cryptocurrency and blockchain, and bundled software-as-a-service (SaaS) offerings. In 2022, funding to climate fintech companies reached a new high, totaling US$2.9
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.
Visas AI-powered Anti-Money Laundering AI enhances frauddetection and prevention, while tokenization reduces fraud risk by replacing sensitive card details with unique tokens. The post Visa Unveils 2025 Payment Trends, Shaping Vietnams Digital Landscape appeared first on FF News | Fintech Finance.
Sydney-based fintech Constantinople has raised US$50 million in a Series A funding round led by Prosus Ventures, the venture capital division of Prosus. Leveraging software and artificial intelligence, it aims to streamline operations such as customer onboarding, financial crime monitoring, frauddetection, and compliance.
Cybertech sits at the intersection of cybersecurity and fintech. It covers the tools, platforms, and strategies that defend against data breaches, fraud, identity theft, and financial disruption. For banks, fintechs, and payment providers, cybertech is not a luxury, it is a necessity. What Is Cybertech?
Filip Berlikowski CTO, Payall "RT2’s real-time capabilities and ISO 20022 structured data will transform UK payments—enabling immediate frauddetection, reducing false positives, and turning compliance into a competitive edge. Democratised access will foster fintech-bank collaboration, driving innovation.
Ant International has launched its new artificial intelligence platform, Alipay+ GenAI Cockpit, as part of a broader AI strategy aimed at helping fintech companies and super apps develop more secure and efficient financial services.
Global paytech solution provider Worldpay has forged a new partnership with Capital One , the American bank holding company, in a move to optimise payment fraud decisioning and enhance payment security and efficiency with a data sharing agreement.
In 2024, 98 per cent of remittance transactions were completed in under five minutes and the platform also introduced new features like GBP payee confirmation, and enhanced frauddetection. The post Flutterwave Reveals Popular Remittance Destinations in Send App 2024 Remittance Report appeared first on The Fintech Times.
Financial software provider Finastra has shared its executive insights expert predictions for the fintech and banking technology landscape in 2024. Their combined insights provide a comprehensive outlook to readers, highlighting emerging trends, challenges and opportunities that are shaping the fintech landscape in the year ahead.
Users also increasingly leveraged these platforms for e-commerce, which opened the door for fraudsters to conduct illicit activities that were once confined to payments, banking, crypto, and other fintech platforms. As a result, a full 30 per cent of identity fraud attacks targeted social media in Q4, compared to a mere three per cent in Q1.
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