Fintech News

DECEMBER 10, 2024

Swift, the global financial messaging service provider, is collaborating with Google Cloud to develop innovative anti-fraud technologies. This approach enhances fraud detection capabilities while ensuring data confidentiality.

SWIFT 111

SWIFT AI Innovation Fraud Detection 111

Payments Next

NOVEMBER 21, 2024

Dozens of merchants, hundreds of customers, and money constantly The post How AI is Revolutionizing Fraud Detection in B2B Payments first appeared on Payments NEXT. By John Gronen, Chief Financial Officer, Yooz Imagine you’re managing a busy marketplace.

Fraud Detection 88

Fraud Detection B2B AI Payments 88

Fraud.net

DECEMBER 26, 2024

Explore how machine learning fraud detection reduces false positives, improves accuracy, and adapts to emerging fraud trends.

Fraud Detection 52

Fraud Detection Real Time Payments Money Laundering Fraud Prevention 52

Payments Dive

JULY 2, 2024

Research from the investment bank Jefferies suggests generative artificial intelligence could be used in the payments industry to improve fraud detection and make transactions happen faster.

Fraud Detection 178

Fraud Detection AI Payments Research 178

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?

Privacy 88

Privacy Payment Security AI Security 88

The Payments Association

FEBRUARY 3, 2025

By integrating real-time data sharing, artificial intelligence, and advanced fraud detection tools, avoided.io Real-time fraud detection and prevention: Avoided.io leverages advanced fraud detection technology to identify suspicious transactions in real-time. Avoided.io

Fraud Prevention 100

Fraud Prevention Disputes Fraud Detection Card Network Rules 100

Finovate

MARCH 19, 2025

. “With new frameworks like PSD3 and DORA shaping the industry, banks and fintechs must embed resilience, security, and real-time fraud detection into their core operations.” This will enable them to onboard customers faster and comply with international KYC/AML regulations.

Fraud Prevention 96

Fraud Prevention Fraud Detection Payment APIs and Integration Verification 96

The Payments Association

JANUARY 3, 2025

A roundtable discussion among merchants addressing the evolving challenges of fraud in their operations across various sectors. It highlights the necessity of advanced fraud detection and greater industry collaboration. Improving regulations, using technology for detection, and fostering industry-wide cooperation.

Fraud Detection 88

Fraud Detection Fraud Prevention Participant Financial Crimes 88

Fintech News

MARCH 24, 2025

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 fraud detection.

APACS 87

APACS Verification Fraud Detection Money Laundering 87

Fintech News

DECEMBER 10, 2024

LexisNexis Risk Solutions, a global data and analytics company under RELX, has agreed to acquire IDVerse , a provider of AI-powered document authentication and fraud detection solutions. This move will enable LexisNexis Risk Solutions to further enhance its capabilities in combating AI-generated fraud, including deepfakes.

Risk 117

Risk AI Acquirers Deepfake 117

Clearly Payments

OCTOBER 30, 2024

Fraud Prevention and Security Cross-border transactions have higher fraud risks than domestic payments. Cybercriminals often target international transactions due to the complex nature of fraud detection across regions.

International Payments 105

International Payments Process Multi-Currency Cross-Border 105

The Payments Association

FEBRUARY 4, 2025

Hotels can offer a wider variety of payment options, enhanced fraud protection, and an easier way to manage international transactions, improving guest satisfaction and increasing revenue potential. To find out more about PXP, please visit: [link]

Fraud Detection 88

Fraud Detection Payments Security Transactions 88

Finovate

APRIL 8, 2025

Further, fraudsters are increasingly adept at circumventing and subverting rules-based AML and fraud detection strategies. To address this, Hawk puts AI-powered technology to work increasing the fraud detection accuracy to find more crime while keeping false positives low.

Financial Crimes 71

Financial Crimes Crime Money Laundering Fraud Detection 71

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

APRIL 8, 2025

A roundtable discussion among merchants addressing the evolving challenges of fraud in their operations across various sectors. It highlights the necessity of advanced fraud detection and greater industry collaboration. Improving regulations, using technology for detection, and fostering industry-wide cooperation.

Fraud Detection 88

Fraud Detection Fraud Prevention Scams Participant 88

The Payments Association

FEBRUARY 27, 2025

stands out as the most proactive and comprehensive chargeback prevention solution, offering a unique combination of features that differentiate us from traditional fraud prevention tools: Real-time fraud detection and alerts: Leveraging Ethoca and Verifi, Avoided.io Why avoided.io is unique Avoided.io

Fraud Detection 88

Fraud Detection Fraud Prevention Disputes Near Real-Time 88

The Payments Association

OCTOBER 28, 2024

While banks and payment providers are making strides in fraud detection and prevention, the report stresses the need for more robust collaboration with technology and telecom sectors. Internet banking fraud , once a dominant form of remote fraud, saw a dramatic 37% drop in cases and an 11% reduction in losses.

Scams 88

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

Fintech Finance

NOVEMBER 7, 2024

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 fraud detection features.

Global Payments 98

Global Payments Payment Gateways Gateways Fraud Detection 98

Stax

APRIL 3, 2025

Fraud detection – Fraud detection and prevention measures identify and block any fraudulent activities in the payment system. Digital goods & services – Businesses that sell ebooks, software, and online courses should consider processors that support instant payouts and fraud detection.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

Fi911

DECEMBER 18, 2024

Additionally, it can help detect suspicious patterns, such as multiple transactions from vastly different locations in a short time. This added layer of security enhances fraud detection systems, enabling businesses to take proactive measures in protecting their customers and their data.

Fraud Prevention 85

Fraud Prevention Fraud Detection Addressing Authentication 85

The Payments Association

SEPTEMBER 20, 2024

How open banking can reshape finance, enabling personalised services, streamlined verification, and improved fraud detection. Read more

Fraud Detection 123

Fraud Detection Innovation Verification Finance 123

Bank Automation

FEBRUARY 6, 2025

Financial institutions are looking to deepfake detection solutions in their fight against the growing threat of generative AI-driven fraud. The growing deepfake detection market is expected to be a $15.7 billion industry by 2026, according to consultancy firm Deloitte.

Deepfake 52

Deepfake Fraud Detection Consulting AI 52

The Payments Association

JANUARY 21, 2025

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 fraud detection, and the continued digitalisation of payment platforms.

Payments Trends 88

Payments Trends Financial Crimes Cross-Border Payments 88

Fintech Finance

DECEMBER 17, 2024

Visas AI-powered Anti-Money Laundering AI enhances fraud detection and prevention, while tokenization reduces fraud risk by replacing sensitive card details with unique tokens. Enhanced Security: With the rise of digital payments, security is paramount.

Payments Trends 97

Payments Trends Cross-Border AI Payments 97

Bank Automation

APRIL 29, 2024

Jack Henry’s financial institution clients can tap into the tech provider’s direct API connection to benefit from data aggregation, personal financial management and fraud detection tools, Nicole Harper, director of corporate strategy at Jack Henry, told Bank […]

Financial Literacy 128

Financial Literacy Fraud Detection API Technology 128

The Fintech Times

OCTOBER 30, 2024

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.

Payment Security 59

Payment Security Security Fraud Detection Payments 59

The Paypers

MARCH 7, 2025

The Paypers covers the latest global news on payments, ecommerce, fintech, and the digital economy, along with the most relevant updates in specific topics such as payments infrastructure, Metaverse,

Fraud Detection 69

Fraud Detection Metaverse Economy FinTech 69

Finovate

APRIL 9, 2025

. “Our solution helps Security Bank deliver the experience their customers expect, while maintaining the highest standards of security and fraud prevention.” The technology combines robust security features with advanced fraud detection capabilities including as deepfake detection.

Security 87

Security Deepfake Verification Fraud Detection 87

Bank Automation

MAY 2, 2024

Card giants Mastercard and Visa leaned into AI and generative AI for fraud detection in the first quarter. “We continue to enhance our solutions with generative AI to deliver even more value,” Chief Executive Michael Miebach said during Mastercard’s May 1 earnings call.

Visa 124

Visa AI Fraud Detection Continuity 124

Bank Automation

FEBRUARY 5, 2025

Loan origination systems MeridianLink and Sync1 Systems selected AI-driven lending technology provider Zest AI to integrate its fraud detection tool Zest Protect last week.

AI 59

AI Transactions Credit Union Fraud Detection 59

Bank Automation

FEBRUARY 3, 2025

Mastercards deployment of generative AI to fight fraud in 2024 has reduced false positives and enhanced fraud detection. The tool processes 143 billion transactions annually and uses generative AI to scan 1 trillion […] The post Mastercard taps gen AI for fraud prevention appeared first on Bank Automation News.

Fraud Prevention 52

Fraud Prevention Visa AI Fraud Detection 52

Finextra

OCTOBER 22, 2024

Regulators must define a “minimum set of data” to be shared between banks that would still “serve the purpose” of fraud detection and prevention, said Michele Gentile, head of group correspondent banking, APAC, UniCredit, at Sibos today.

Correspondent Bank 111

Correspondent Bank Regulations Fraud Detection Correspondent 111

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. For large, multinational corporations, this might mean sophisticated fraud detection systems and detailed compliance programmes.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

The Fintech Times

NOVEMBER 16, 2024

To this end, 65 per cent of merchants plan to invest in artificial intelligence (AI) over the next 12 months, recognising its role in real-time fraud detection and improved payment performance. One of the main reasons for this is that 63 per cent of merchants believe this is their main challenge for the year ahead.

Fraud Prevention 59

Fraud Prevention Compliance Regulatory Compliance AI 59

VISTA InfoSec

JULY 19, 2024

As fraudsters are continuously finding new ways to strike, we’re continuously finding new ways to prevent them with controls such as encryption, multi-factor authentication, fraud detection software, etc. Why PCBs matter in cybersecurity When looking for ways to protect our devices against fraud, we always turn to external defenses.

Cybersecurity 264

Cybersecurity Encryption Fraud Detection CHIPS 264

Fintech Finance

SEPTEMBER 26, 2024

Justt , a leader in AI-powered chargeback mitigation, today announced a strategic partnership with Ravelin , a global provider of AI-native fraud detection and prevention solutions.

Fraud Prevention 98

Fraud Prevention Fraud Detection AI Disputes 98

Clearly Payments

NOVEMBER 13, 2024

This routing allows the processor to request authorization for the transaction from the issuing bank, which then approves or denies it based on factors like available funds and fraud checks. Security and Fraud Detection : The BIN can provide valuable data points that help prevent fraud.

Process 104

Process Processors Payments Compliance 104