Segpay

FEBRUARY 21, 2024

Generative AI in Digital Payments: Enhanced Fraud Detection: Generative AI improves the security of digital payments by enhancing fraud detection mechanisms. This makes real-time detection and prevention possible. Fraud Detection Generative AI contributes to fraud detection and prevention in KYC processes.

AI 105

AI Innovation Fraud Detection Encryption 105

Fi911

JANUARY 18, 2024

That said, here are some of the most common types of third-party fraud. To combat third-party fraud effectively, banks should take several proactive measures to protect both their customers and their own financial systems. Multi-Factor Authentication (MFA) Implementing MFA for customer authentication can significantly enhance security.

Account Takeovers 105

Account Takeovers MFA Fraud Detection Credit Cards 105

The Fintech Times

AUGUST 17, 2024

Empowering businesses NeuroID’s behavioural analytics solutions are available through CrossCore on the Experian Ascend Technology Platform as a key fraud-detection capability. Experian’s identity verification and fraud prevention solutions helped clients avoid an estimated $15billion in fraud losses globally last year.

Risk 59

Risk Bots Fraud Detection Identity Theft 59

Finovate

AUGUST 14, 2024

Digital identity verification innovator Socure has unveiled its Selfie Reverification solution. Built on the company’s Document Verification (DocV) solution, Selfie Reverification also detects signs of deepfaking, and readily identifies age discrepancies between the photo and the credential.

Credential 64

Credential FinTech Deepfake Fraud Detection 64

Trade Credit & Liquidity Management

MARCH 27, 2025

an accounts receivable management technology provider, announced the integration of advanced fraud security and applicant verification capabilities into its credit application process. Bectran previously announced a partnership with GIACT, to enhance ACH fraud prevention.

Identity Theft 40

Identity Theft Fraud Prevention Fraud Detection Verification 40

Seon

JUNE 27, 2024

These advancements have changed the way we approach cybersecurity and fraud detection. Uncover Complex Fraud Patterns Continuously improve your fraud detection with proven AI insights. A-driven tools can analyze financial transactions, detect unusual patterns and facilitate money-laundering schemes.

Cybersecurity 52

Cybersecurity Fraud Detection Identity Theft Money Laundering 52

PYMNTS

JANUARY 16, 2020

Trade finance and supply chain digitalization company Tradeshift has partnered with fraud protection solutions firm SiS to ward against this, developing a solution that uses blockchain technology for more robust identity verification. A Multi-Layered Fraud Approach Critical To Consumer Data Protection.

AI 53

AI Identity Theft Authentication Account Takeovers 53

Finovate

APRIL 11, 2024

Fraud and risk platform DataVisor announced a partnership with identity verification company Mitek this week. DataVisor will integrate Mitek’s Check Fraud Defender solution into its platform to offer FIs real-time check fraud decision orchestration. Today, 99% of U.S.

Checks 59

Checks Remote Deposit Capture Counterfeit Check Identity Theft 59

Clearly Payments

JANUARY 8, 2024

Here are some key types of risks that merchants should be mindful of in payment processing: Fraud Risk: Fraud risk involves unauthorized or deceptive activities aimed at exploiting the payment system for financial gain. This can include stolen credit card information, identity theft, or fraudulent transactions.

Risk Management 97

Risk Management Risk PCI DSS Process 97

Clearly Payments

JULY 16, 2024

Rank Industry Fraud Rate Most Common Fraud Type 1 Travel and Hospitality 3.2% Rank Industry Fraud Rate Most Common Fraud Type 1 Travel and Hospitality 3.2% Rank Industry Fraud Rate Most Common Fraud Type 1 Travel and Hospitality 3.2% In 2023, there were over 2.3

Risk 52

Risk Identity Theft Phishing Account Takeovers 52

Nanonets

SEPTEMBER 17, 2024

Fraud manifests in many ways. With financial transactions and digital verifications happening at the click of a button, a new trend has emerged - the rise of fake bank statements. Fraud detection: A periodic review of bank statements can help financial institutions detect unauthorized transactions, fraud, and identity theft early.

Fraud Detection 52

Fraud Detection Online and Mobile Banking Verification AI 52

PYMNTS

JUNE 13, 2019

Old manual detection techniques like analyzing geolocations, IP addresses and discrepancies between billing and shipping addresses aren’t able to catch high-level attacks, and often result in false positives. Fingerprints, voice prints and other forms of biometric authentication are gaining steam in the arsenal of fraud-fighting tools.

AI 44

AI Account Takeovers Fraud Detection Online and Mobile Banking 44

PYMNTS

AUGUST 24, 2020

ATMs and ITMs face a range of security threats, however, from smash-and-grab schemes for stealing physical money to identity theft techniques that trick machines into accessing accounts. Keeping them secure comes down to a combination of physical security measures and digital fraud detection platforms.

Credit Union 61

Credit Union ATM Identity Theft Security 61

Core

FEBRUARY 6, 2024

By implementing secure technologies, stringent verification processes, and advanced monitoring, government teams can foster a secure financial framework that benefits both citizens and municipalities alike. The digitization of public financial systems introduces new challenges for online payment fraud prevention. How is this achieved?

Best Practices 52

Best Practices Government Governance Fraud Prevention 52

PYMNTS

JULY 28, 2020

Researchers dubbed synthetic ID fraud the “fastest-growing form of identity theft” in the U.S. One study found that FIs’ traditional fraud detection approaches failed to flag between 85 percent and 95 percent of credit applicants believed to be using synthetic IDs, for example. .

Online and Mobile Banking 53

Online and Mobile Banking Social Security Identity Theft Fraud Detection 53

PYMNTS

MAY 6, 2020

Fraudsters can also carefully hoard a cache of stolen bank account data, credit and debit card information, Social Security numbers and other details to impersonate legitimate customers, using these details outright or cobbling them together to perpetrate identity theft, new account fraud and gain entry to other platforms.

Fraud Prevention 72

Fraud Prevention Money Laundering AI Identity Theft 72

Nanonets

MAY 31, 2023

Common examples of external payment fraud include: Impersonation: Fraudsters pose as legitimate customers or vendors to deceive organizations into making unauthorized payments. million individuals in the United States fell victim to identity theft in 2021. According to the Federal Trade Commission, USA, over 1.4

Fraud Detection 52

Fraud Detection Payments Audit Fraud Prevention 52

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 52

Transactions Fraud Prevention Regulatory Compliance Payments 52

FICO

NOVEMBER 1, 2022

This can be combined with data from identity verification providers or providers of data such as negative data scores. Fraud Controls Are Important to Canadian Customers. Fraud protection is an important factor for Canadians when they select a new financial services provider.

Checks 52

Checks Identity Theft Risk Accounts 52

Trade Credit & Liquidity Management

MARCH 11, 2025

Common problems such as bid rigging, false billing, and subcontractor fraud can obscure accountability, making it challenging to trace responsibility for financial discrepancies. Healthcare: Companies in this industry face challenges, with billing fraud, prescription fraud, and identity theft.

Due Diligence 40

Due Diligence Fraud Prevention Phishing Identity Theft 40

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. Some corrupt websites claim to offer the generation of a VCC to innocent cardholders searching the internet for an alternative to physical credit cards.

Credit Cards 52

Credit Cards Risk Online and Mobile Banking Phishing 52

Fintech Labs Insights

DECEMBER 20, 2016

At its FinDEVr Silicon Valley debut this fall , digital authentication specialist NuData demonstrated how its technology, NuDetect , enabled verification using a combination of behavioral biometrics identification and analytics, device location, and entity linking.

Security 17

Security Identity Theft Account Takeovers Fraud Detection 17

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 52

AI Payments Identity Theft Fraud Detection 52

Fintech News

OCTOBER 28, 2024

Fighting deepfakes and fraudulent identities – Jumio’s holistic approach to building identity trust” with “Jumio Delivers Adaptive Verification as AI Fraud Projected to Hit US$40 Billion. The scammers used AI technology to create fictitious female identities for online dating, altering their appearances and voices.

Verification 124

Verification Deepfake AI Identity Theft 124

Segpay

DECEMBER 19, 2024

With growing concerns around data breaches, identity theft, and unauthorized access, organizations need to ensure that only authenticated users can access their systems and sensitive information. Jumio (Austria, UK) Jumio is a global leader in identity verification with European offices in Austria and London.

Verification 104

Verification Authentication MFA Compliance 104

Finovate

DECEMBER 9, 2024

What are the most challenging fraud threats and, critically, what are the available tools and tactics available to deal with them successfully? Technological advancements, such as Generative AI (GenAI), are also increasing the sophistication of synthetic identities, making it even harder to spot. The threat has risen to a new level.

Financial Crimes 69

Financial Crimes Crime Fraud Prevention Cross-Border 69

M2P Fintech

APRIL 29, 2025

Technology can enhance borrower verification, streamline loan disbursal and collection processes, and improve data analytics for better risk management. These features help verify borrower identity accurately and prevent fraud during onboarding and subsequent loan cycles.

Technology 52

Technology Assessments Risk Assessment Compliance 52