Remove Fraud Detection Remove Mitigation Remove Risk Mitigation
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CGI Elevates Fraud, Compliance Risk Mitigation For Banks

PYMNTS

With financial crime on the rise, CGI HotScan360 aims to deliver integrated, intelligent and real-time anti-money laundering (AML), customer due diligence and fraud detection capabilities. CGI has announced the launch of CGI HotScan360, an enhanced version of its industry leading HotScan solution.

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Announced at LEAP 2025: The Next Step for Saudi Arabia Financial Innovation

The Fintech Times

Other announcements Mozn unveiled new AI-powered fraud prevention tools as part of its FOCAL Risk and Compliance platform. The enhancementsdevice fingerprinting, fraud analytics, and fraud management-as-a-service (FMaaS)offer businesses real-time fraud detection and risk mitigation capabilities.

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Antom Receives SOC 2 Type II Certification as It Enhances Unified Merchant Payment Services

Fintech Finance

Antom Shield: Advanced AI for risk mitigation and fraud prevention Antom Shield is an intelligent risk solution that strengthens fraud detection while helping merchants boost order conversion rates and drive growth. Real-time transaction scanning with millisecond-level risk decision.

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PULSE Taps FICO For Fraud Detection Across Its Debit Network

PYMNTS

PULSE , the debit/ATM network that operates as a Discover Financial Services company, said in a press release that it has adopted the FICO Falcon Platform to bring new fraud detection services to its network of more than 4,100 debit issuers. Among the features is real-time scoring. percent in 2017 to 6.7 billion transactions.

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Integrating AI into Your Finance Function

Nanonets

All of these can reduce a business’s competitive edge, from delays in decision-making to poor strategic planning, even leading to difficulties in maintaining financial integrity, which increases the likelihood of fraud or regulatory action. AI can help mitigate these issues.

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Understanding Risk Management Strategies as a PayFac

Stax

PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed. So you must have risk avoidance, risk identification, and risk reduction strategies in place to combat fraudulent transactions.

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Understanding Risk Management Strategies as a PayFac

Stax

Identity theft, data breaches, and chargeback fraud are some of the most common types of risks. This is why you need robust fraud detection mechanisms and ensure that they are up-to-date. To mitigate some of the financial risks, you can look into retaining a portion of the funds and creating reverse accounts.