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.
Cookie Settings
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
Cookie Settings
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.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
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.
Fraudsters are continuously finding new sophisticated ways of leveraging AI to carry out cyber threats, with traditional fraud prevention methods, which rely on fixed rules and human intervention, being no longer sufficient to detect and mitigate the complex and evolving tactics used by fraudsters.
To help merchants reduce fraud, paytech Worldpay has partnered with payments giant Visa , to enhance the former’s 3D Secure (3DS) solution, 3DS Flex. In addition to mitigatingfraud, Worldpay’s 3DS Flex will reduce customer friction, and boost authorisations, improving the customer’s shopping experience.
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?
In the past year, digital document forgeries, often created with generative AI (genAI), increased by a staggering 244%, according to Entrusts 2025 Identity Fraud Report. Deepfakes now account for 40% of all biometric frauddetected. Similarly, Signicats 2024 report on AI-Driven Identity Fraud found that 42.5%
Speaking to The Fintech Times , he explains how the next wave of digital transformation in banking could reshape the core of financial institutions. AI is already transforming how we operate at Emirates NBDfrom document intelligence in trade finance to proactive frauddetection and intelligent customer interactions.
Fraudmitigation isn’t just an on or off switch; rather, it’s a balance that requires merchants to understand how security, authentication, authorization, frauddetection and the impact on the shopping experience work in harmony with one another,” said Cindy Turner, chief product officer at Worldpay.
Table of Contents Voices from the industry: Insights into the 2024 payments landscape In 2024, we witnessed a convergence between consumer and B2B payments, driven by the rise of BNPL adoption, AI-powered frauddetection, and the continued digitalisation of payment platforms.
For fintech startups, navigating these complexities without in-house expertise can lead to inefficiencies and risks. Consequently, many fintech companies, from startups to billion-dollar giants, opt for colocation facilities. For fintechs expanding into multiple regions, colocation can be transformative.
.” Fraud risks rise as limits increase Ryta Zasiekina, founder of payments firm CONCRYT While the potential for greater convenience is clear, Ryta Zasiekina, founder of payments company Concryt, warns that higher contactless limits could make fraud prevention more challenging.
It is part of the companys broader Financial Crime Mitigation (FCM) suite, which includes tools for KYC risk scoring, transaction monitoring, and payment frauddetection. The AI Agent was developed in collaboration with a European tier-1 bank under Temenos Design Partner Program.
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.
18 December X: Elon Musk's Financial Revolution 29 October Brexit and digital payments: what are the impacts for the future 16 February In the amazing world of tokens 01 February See all Opinions from Roberto More expert opinions Steve Marshall Director of Advisory Services, at FinScan Unmasking Kleptocrats: Why Ownership and Control Are Key to (..)
It also strengthens frauddetection and risk management through AI-powered scoring and real-time monitoring, minimizing chargebacks while ensuring compliance with evolving regulations. The post New RS2 Whitepaper Reveals How Legacy Systems Are Stifling Bank Innovation appeared first on FF News | Fintech Finance.
“Implementing comprehensive risk management strategies and diversifying technological dependencies are essential steps to mitigate the impact of unforeseen incidents, thereby maintaining the stability and reliability of payment systems. ” AIs impact on fintech this year is undeniable. Where do you see it driving innovation?
Payment technology and innovation are accelerating across the fintech industry, with more companies recognising the importance of adapting to changing customer needs, with non-cash transactions projected to hit 2.3 Real-time frauddetection systems will enhance trust and security by identifying and mitigating risks instantly.
Principal Consultant Oracle Location Edison Followers 2 Opinions 8 Follow Unfollow The global banking sector has made substantial investments in Artificial Intelligence (AI), driven by the promise of enhanced operational efficiencies, sophisticated frauddetection capabilities, and hyper-personalized customer experiences.
Fintech compliance is an increasingly important aspect of the financial industry. As the fintech industry continues to grow and evolve, so do the demands for regulatory compliance. The post PhotonPay Enhances Global Payment Solutions with Robust Compliance and Risk Solutions appeared first on FF News | Fintech Finance.
Professional distribution ranges from emerging fintech companies to major multinational financial institutions across 33 countries. Justin Clements Director of PR and media relations, Chargebacks911 "As fraud becomes increasingly sophisticated, payments leaders must shift from reactive controls to intelligent, pre-emptive strategies.
The findings show that it’s technically possible, but with significant challenges surrounding frauddetection, data sharing, and usability. Retailers and service providers may favour synchronous models to mitigate payment disputes. Meanwhile, startups and fintechs have a window of opportunity to innovate.
Competitive Pressure from Digital-Native Challengers Fintech startups and embedded finance providers built on cloud-native infrastructure consistently outpace traditional institutions in product innovation cycles. 12 hours 1 David Fagleman Director at Enryo Have UK payments reached 'peak digital'?
Antom Shield: Advanced AI for risk mitigation and fraud prevention Antom Shield is an intelligent risk solution that strengthens frauddetection while helping merchants boost order conversion rates and drive growth. Adaptive machine learning models continuously refines frauddetection to counter industry-specific threats.
Damien Dugauquier “Our only on-premise customers are in APAC,” he shared, contrasting this with the rapid deployment cycles of digital-first banks and fintechs in the region. SaaS partnerships also play a critical role in resilience and fraudmitigation. Regulation gave banks the budget and the urgency,” he said.
LEAP 2025 featured a dedicated Fintech Track, covering digital banking, blockchain applications, and AI in finance. Fintech innovations and regulatory developments Another panel explored AI-powered financial solutions and emerging blockchain use cases.
Omar Salem Financial regulation and fintech partner, Fox Williams "Post–31 March 2025, the UK regulator is focused on supervision and in the future may hold firms, and potentially individuals, accountable for operational resilience breaches. The PSR has consulted on an interim cap for CNP consumer debit transactions at 0.2%
Fraud has long imposed a heavy burden on businesses, costing an estimated $485.6 Instnt is changing that narrative with a first-of-its-kind solution that merges AI-driven identity verification and frauddetection with insurance-backed protection, helping businesses transfer fraud risk and recover quickly when losses occur.
Advanced frauddetection tools Leverage machine learning and behavioral analytics to identify high-risk transactions and patterns of first-party fraud, reducing exposure to abusive claims. ” The post Turbulence Ahead: 6 Ways Travel Businesses Can Stop Summer Chargeback Losses appeared first on FF News | Fintech Finance.
Mick Fennell, business line director for payments at Temenos The Fintech Times was there to hear what really matters to the industry and for a view from the payments frontline, we sat down with Mick Fennell, business line director for payments at Temenos, a banking technology firm used by more than 1,000 banks in 150 countries.
Generative AI (GenAI) is emerging within this dynamic environment as a technology that can significantly improve efficiency, frauddetection, and customer engagement. In response to this growing threat, frauddetection tools increasingly incorporate GenAI capabilities to strengthen their defences.
Attempted transactions on the compromised card can be continuously monitored to mitigatefraud and enhance cyber security, further instilling trust. The post Mastercard Accelerates Card FraudDetection With Generative-AI Technology appeared first on Fintech Finance. The card can then be blocked and reissued.
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.
Justt , a leader in AI-powered chargeback mitigation, today announced a strategic partnership with Ravelin , a global provider of AI-native frauddetection and prevention solutions. According to the Ravelin Fraud and Payments Survey 2024 , 52.4%
The fintech sector is currently undergoing a significant transformation, with artificial intelligence (AI) and machine learning at the forefront of this change. FraudDetection with Machine Learning Furthermore, machine learning is significantly transforming the domain of frauddetection within the financial sector.
Sionic , a leading provider of real-time, Pay-by-Bank Commerce (PbBC) services, today announced the launch of its comprehensive frauddetection and mitigation service built exclusively for real-time, bank-to-bank payments at checkouts, whether online, mobile or in-store.
Cyber Crimes, Cybersecurity, and Fintech Panel Event May 23, 2024, 12:00 CEST On May 23, 2024, at 12:00 CEST, a panel event titled “Cyber Crimes, Cybersecurity, and Fintech” will be hosted by Peirce College. The session will be moderated by Urs Bolt, a Fintech and Banking Expert.
This enhanced capability allows Mastercard to detect complex fraud patterns and protect future transactions against emerging threats. The generative AI-based predictive technology has doubled the detection rate of compromised cards while simultaneously reducing false positives in frauddetection by up to 200%.
These AI applications also played a vital role in frauddetection, improving the banks ability to identify and mitigate risks effectively. Featured image credit: Techcombank The post Techcombanks Digital Channels Propel Growth to 15 Million Users in 2024 appeared first on Fintech Singapore.
FinTech funding had already seen a dip in Q1 this year, but the pandemic may be further suppressing investor appetite. A new report provided by Buy Shares found global FinTech funding was less than $4 billion during Q2, compared to about $5.8 billion raised in the Q1, according to Forrester. Privacy.com. ’s Ravelin secured $20.6
Sumsub’s solutions also help mitigate identity fraud risks, which have been on the rise globally. By incorporating features like document verification, face matching, and frauddetection, HashKey has improved verification speed while maintaining compliance with regulatory standards.
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. The post Visa to Acquire Featurespace appeared first on FF News | Fintech Finance.
Over the past decade, Singapore has emerged as a global powerhouse in fintech innovation, not just in Southeast Asia but across the broader Asian region. This rapid growth has solidified Singapores position as a leader in the global fintech ecosystem while driving significant investments in other forms of financial tech.
Check out the full podcast on Spotify | Soundcloud | Apple Spade tackles a longstanding issue in the fintech space: the obscurity of transaction data. This innovation enables banks, fintechs, and anti-fraud platforms to authorize more transactions, detect and prevent fraud, and create innovative products and services.
This is followed by advanced authentication methods (70.2%), customer education initiatives (68.1%), and the implementation of real-time frauddetection systems (53.2%). The NICE Actimize research found that enhanced monitoring for suspicious transactions (76.6%) is the most commonly adopted measure. About 55.3%
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content