The Payments Association

OCTOBER 4, 2024

Security concerns and fraud prevention One of the most significant challenges is the persistent threat of fraud. Cybercriminals are constantly innovating, targeting vulnerabilities in payment systems to carry out unauthorised transactions, identity theft, and data breaches.

Online and Mobile Banking

Finovate

APRIL 11, 2024

Additionally, the combination of Mitek’s check image analysis and DataVisor’s analysis of check and customer lifecycle data will enable users to detect a wide variety of check fraud tactics including check kiting, remote deposit capture fraud, check washing, counterfeit checks, and identity theft.

Checks

Seon

JANUARY 29, 2024

In layman’s terms, users may refer to account takeover fraud as account hacking – when they realize someone stole their online credentials. It is also considered a form of identity theft, because it happens when someone logs into an account that isn’t theirs to exploit it.

Account Takeovers

PYMNTS

JULY 25, 2017

“One of the main reasons behind this decline is the use of machine learning in fraud prevention solutions that are raising the bar against a global network of cybercriminals. As grocery delivery services like Peapod and Instacart continue to move into the grocery arena, this offering by Walmart may help the 55-year-old retailer stay afloat.

Bots

FICO

JULY 26, 2018

Derek has worked in machine learning and advanced analytics for 20+ years, and he is a specialist in the development and application of predictive analytics for application fraud detection. What do you see as the biggest challenges for machine learning to fight application fraud.

AI

FICO

SEPTEMBER 18, 2018

Key skills: Apart from the obvious high numeracy and analytical ability, they need to be goal-focused, whether that goal is predicting the fraud risk on a new channel/brand/marketing campaign or optimizing rule and queue performance. Best Practices in Establishing Your Fraud Risk Appetite. Andy: Analytics.

Fraud Detection

Seon

JULY 10, 2024

Fraud monitoring is a broader term encompassing the overall detection and prevention of fraudulent activities within an organization. These may include various types of fraud, such as identity theft, account takeover, payment fraud and application fraud. Fraud transaction monitoring’s scope is narrow.

Transactions

FICO

SEPTEMBER 20, 2018

Key skills: Apart from the obvious high numeracy and analytical ability, they need to be goal-focused, whether that goal is predicting the fraud risk on a new channel/brand/marketing campaign or optimizing rule and queue performance. Best Practices in Establishing Your Fraud Risk Appetite. Andy: Analytics.

Fraud Detection

FICO

APRIL 26, 2023

Some legislators and regulators, such in the US and UK , are pushing for rules that would require banks to reimburse scams victims for losses. Who Should Cover the Losses from APP Fraud? Debbie has 25 years product management and product marketing experience in fraud management and financial services.

Scams

FICO

NOVEMBER 30, 2022

But there are other significant actions that, when implemented as a part of a layered approach to fraud prevention, can make a big difference in protecting consumers and lowering false positives. Since the actual consumer is the one initiating and carrying out the transaction, typical fraud detection tactics and scores simply don’t work.

Scams

Seon

JUNE 21, 2023

Those people can be enticed by the offer of a VCC and ultimately tricked into providing their financial information, leading to cases of phishing and/or identity theft. Velocity checks : SEON users can gauge certain signs of VCC fraud that are specific to their organization and industry.

Credit Cards

Fraud.net

FEBRUARY 27, 2024

An incident involving an HK company and a fraudulent payment of $25.6M underscores the need for traditional controls with AI decisioning.

AI

FICO

MAY 3, 2023

Implement better fraud detection Survey responses: More than three-quarters (77%) of consumers worldwide believe their banks could provide better fraud detection to protect against scams. Debbie has 25 years product management and product marketing experience in fraud management and financial services.

Scams

Fintech News

OCTOBER 28, 2024

How can banks successfully balance the calls for innovation in an increasingly competitive fintech space against neobank upstarts, super-apps, and resurgent e-wallets across Southeast Asia while addressing security concerns arising from AI-based fraud? The process started with clients defining the workflows and rules of engagement.

Verification

M2P Fintech

APRIL 29, 2025

Rise in Fraud & Delinquency – Fraudulent activities, including identity theft and misuse of loan funds, significantly threaten the financial stability of both microfinance institutions (MFIs) and their clients. This lack of transparency can lead to inefficiencies, delayed repayments, or even defaults.

Technology