The Fintech Times

JULY 29, 2024

Lynx Tech , the fintech specialising in AI-driven fraud detection, is scaling its solutions across the UK and European markets as it has identified NTT Data , the business and tech services provider, as the perfect partner to take the business forward. With the fraud detection firm monitoring 99.5

Fraud Detection 59

Fraud Detection Fraud Prevention Scams Regulations 59

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

The Payments Association

APRIL 22, 2025

Stronger fraud detection and better industry collaboration are needed to protect consumers The Payment Systems Regulator’s (PSR) findings in its December’s Unmasking how fraudsters target UK consumers in the digital age report reveal a stark picture of the growing threat posed by authorised push payment (APP) scams.

Scams 88

Scams Romance Scams Crime Online and Mobile Banking 88

Finovate

JANUARY 28, 2025

The acquisition will make IFS’s end-to-end lease and loan origination and management automation platform, IFSLeaseWorks, available to more organizations and institutions. Integrated Financial Solutions is the provider of IFSLeaseWorks , an end-to-end lease and loan origination and management automation platform.

Acquirers 52

Acquirers Fraud Detection Origination Automation 52

FICO

JULY 2, 2018

When consumers get a call, text, email or in-app messages from their card issuer asking them to validate a transaction, or informing them of fraud on their card, they may not even suspect that behind this bit of excellent customer service are a brilliant set of algorithms, such as neural networks. Let’s dig in, shall we?

Fraud Detection 52

Fraud Detection AI Use Case Card Issuer 52

M2P Fintech

JANUARY 21, 2025

Finflux by M2P Finflux by M2P is an API-first platform that offers comprehensive solutions for Loan Origination (LOS) and Loan Management System (LMS), designed to streamline lending operations across over 15 products, including personal loans, auto loans, education loans, and gold loans. Lets dive in!

Origination 52

Origination Payment APIs and Integration Underwriting Automation 52

FICO

SEPTEMBER 27, 2017

In 1992, Falcon Fraud Manager was introduced: a neural network-based fraud detection system that detects fraudulent payment card transactions in real-time. Since then, despite the proliferation of fraud types, there has been a dramatic reduction in payment card fraud losses across the globe.

Fraud Detection 61

Fraud Detection AI Transactions ATM 61

Nanonets

APRIL 24, 2023

PDF → Excel Convert PDF bank statements to Excel  Try for Free Loan origination is the process of applying for and obtaining a loan, including all the steps and activities that are involved in evaluating, approving, and disbursing the loan. Stage 6: Closing This is the final step in the loan origination process.

Origination 52

Origination Process Underwriting Automation 52

FICO

SEPTEMBER 3, 2020

We are thrilled and honored to be recognized by Aite Group as best in class and the overall rankings leader for our Loan Origination Solution. For nearly 50 years, FICO has pioneered intelligent credit origination powered by world-class analytics. FICO Origination — A Loan Origination Solution You'll Never Outgrow.

Origination 52

Origination Credit Risk Fraud Detection Risk 52

PYMNTS

MAY 7, 2018

In its analysis of the Same-Day ACH rollout, NACHA found no evidence that it led to an increase in fraud attempts or successful breaches. That doesn’t mean that fraud linked to ACH transactions is nonexistent, however. But Peace noted that tools like those offered by ACH Alert are just part of the fraud detection puzzle.

Same Day ACH 47

Same Day ACH Fraud Detection ACH NACHA 47

Stax

MARCH 11, 2025

Its a process where the credit card data is replaced by placeholder values on your local system, while the original data is stored externally in a secure data vault. Good providers will equip you with advanced fraud detection tools and robust mechanisms for reducing and preventing chargebacks.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

The Payments Association

APRIL 8, 2025

This significantly reduces the risk of fraud,” Fletcher stated. These network tokens replace sensitive card information with a secure, randomly generated identifier, making it nearly impossible for fraudsters to gain access to the original card details, thus enhancing the overall security of each transaction.

Fraud Prevention 88

Fraud Prevention Instant Payments Participant Alternative Payment Methods 88

Fintech Finance

NOVEMBER 5, 2024

million was lost to APP fraud in the first half of 2024. In terms of the value of losses, 35 per cent of APP losses originated from scams which started through telecommunication. APP fraud originating from telephone calls or SMS continues to be of higher value and accounted for 35 per cent of losses. “To

Online and Mobile Banking 98

Online and Mobile Banking Scams Fraud Detection API 98

FICO

JANUARY 9, 2019

That quote, attributed to the 18 th century King of Prussia Frederick the Great, refers to military strategy, but it could just as easily be used to describe the dilemma faced by financial services executives as they modernize their loan origination processes. When we apply this mindset to the origination process, some key questions emerge.

Origination 45

Origination Process Fraud Detection Mitigation 45

The Payments Association

MAY 16, 2025

Existing payment rails lack native support for critical new requirements: secure agent identity, behaviour-based authorisation, and AI-specific fraud detection. Furthermore, fraud detection frameworks are designed for existing payment rails and are inadequate for Autonomous commerce transactions. Likely not.

AI 88

AI Fraud Detection Gateways Payment Gateways 88

The Paypers

APRIL 14, 2025

Amount has announced its partnership with ValidiFI , a predictive bank account and payment intelligence provider, in order to optimise its digital origination capabilities.

Fraud Detection 41

Fraud Detection Origination Accounts Payments 41

The Payments Association

FEBRUARY 10, 2025

Partnering with regional providers, leveraging AI for fraud detection, and conducting regular audits will ensure compliance, transparency, and operational excellence. This creates challenges for tracing transactions and identifying the originators and beneficiaries, complicating efforts by financial intelligence efforts.

IBAN 88

IBAN AML Master Account Due Diligence 88

The Fintech Times

MAY 1, 2025

Founders who can articulate their mission with clarity and offer original perspectives on the sector stand a far greater chance of being quoted, profiled or featured in long-form interviews. And those who are media-trained to handle scrutiny and deliver sharp soundbites can turn one opportunity into many.

Origination 45

Origination Cross-Border Payments Fraud Detection Use Case 45

FICO

NOVEMBER 30, 2017

How do we keep our fraud controls relevant, agile, and modern to accommodate new products, new channels, increased digitization and more faceless interactions? At point of origination, you stop the obvious frauds. The maybe frauds and the not frauds, they become customers because you are trying to grow your business.

Risk 82

Risk Fraud Detection Assessments Origination 82

FICO

FEBRUARY 23, 2022

At FICO, we’ve been committed to fighting fraud for more than 30 years, and we’re continually innovating to combat evolving schemes. Fighting scams is no exception, and in May 2021 we launched a new AI/machine learning-powered retail banking fraud detection model that incorporates a Scam Detection Score. Model , . “By

Scams 98

Scams Fraud Detection Smishing Fraud Prevention 98

FICO

JANUARY 7, 2019

The tremendous interest in AI and machine learning drove the readership on the Fraud & Security blog in 2018. 5 Keys to Using AI and Machine Learning in Fraud Detection. Author TJ Horan, FICO vice president for fraud solutions, wrote a five-part series on the keys to using AI and machine learning in fraud detection.

Posting 74

Posting AI Fraud Detection Security 74

Stax

JANUARY 21, 2025

Even if the data is intercepted, it doesnt offer any value and wouldnt be used to extract the original data. Fraud prevention features – Look for additional fraud prevention features like fraud detection, address verification, chargeback protection, and IP geolocation to enhance protection from fraud.

Payment Gateways 88

Payment Gateways Gateways PCI DSS Payment APIs and Integration 88

Finovate

NOVEMBER 6, 2024

Alternative lending platform LendSaaS now integrates Ocrolus’ AI-powered document automation and fraud detection. The integration with Ocrolus will allow LendSaaS clients to more efficiently leverage data in everything from processing lending applications to accelerating loan origination and facilitating servicing processes.

AI 52

AI Fraud Detection Origination ACH 52

Wharton Fintech

FEBRUARY 29, 2024

Their approach which provides clear ROI to FIs today by improving fraud detection opens the door to many other use cases for innovation that leverage these same granular transaction insights, such as personalized financial management tools or enhanced loyalty programs. . —

Database 130

Database Fraud Detection Use Case FinTech 130

M2P Fintech

APRIL 17, 2025

Initially, APIs were point-to-point connectors to enable simple integrations; with rapid innovations, they have now matured into a foundational layer supporting a wide range of use casesfrom customer onboarding and loan origination to card issuance and fraud detection.

API 52

API Payment APIs and Integration Non-Bank Fraud Detection 52

The Payments Association

MARCH 18, 2025

Unlike open bankings regulatory-driven origins, open finance is advancing through a mix of policy frameworks and market-led initiativesdriving divergent adoption curves that are reshaping competitive dynamics globally. Fraud detection and risk management are also evolving. For payments leaders, the implications are profound.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

Fintech Finance

OCTOBER 9, 2024

Global holiday spending is expected to rise 16% in value from October through December 2024 compared to the same period last year, according to analysis by ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology. ” Key report insights at a glance Payment trends (H1 2024 vs.

BNPL 98

BNPL Volume Alternative Payment Methods AI 98

PYMNTS

MAY 10, 2019

In a new PYMNTS interview, David Barnhardt, executive vice president of product at GIACT , which offers fraud detection and account validation tools, talks about an upcoming change by NACHA, national administrator of the ACH network, to make internet-initiated debit transactions (WEB debits) safer and more seamless. New NACHA Rule.

Nacha Rules 71

Nacha Rules NACHA Rules Account Validation 71

Fintech Finance

NOVEMBER 20, 2024

India, Brazil, Australia and UAE), according to the latest Scamscope report from ACI Worldwide  (NASDAQ: ACIW), an original innovator in global payments technology, in partnership with GlobalData, a leading data and analytics company. Authorized push payment (APP) scam losses are on the rise, expected to climb to $7.6

Scams 97

Scams Real Time Payments Fraud Prevention Fraud Detection 97

Trade Credit & Liquidity Management

MAY 29, 2025

Additionally, it supports faster payment processing, better fraud detection, and improved cash flow forecasting through more granular and consistent data. For businesses, this means enhanced efficiency, lower costs related to payment failures, and stronger financial controls.

ISO 20022 52

ISO 20022 ISOs Compliance Cross-Border 52

M2P Fintech

JANUARY 31, 2024

Loan Origination System (LOS), on the other hand, processes and appraises loan applications. Fraud Detection Module Fraud Detection Module benefits FIs by preventing illegal or destructive activities before they occur.

Fraud Detection 59

Fraud Detection CRM Regulatory Compliance Compliance 59

The Payments Association

OCTOBER 14, 2024

While some argue that the reduced cap will alleviate the financial strain on smaller PSPs, others, such as fraud prevention experts, feel it weakens the push for stronger fraud detection systems within the industry. Regular reviews and updates of these measures are expected to adapt to evolving fraud tactics​.

Caps 88

Caps Fraud Prevention Fraud Detection Scams 88

Clearly Payments

SEPTEMBER 18, 2024

While chargebacks were originally introduced as a consumer protection tool, they are frequently used in cases of fraud or simply as a means of securing a refund quickly ( friendly fraud ). Collaboration with the Analyst: Works together to investigate whether a chargeback is linked to fraud or friendly fraud.

Disputes 105

Disputes Fraud Prevention Payments Credit Cards 105

The Fintech Times

JULY 3, 2024

With the next general election imminent in the UK, reports suggest that the Labour Party have drafted plans to force tech firms to reimburse victims of fraud originating on their platforms, in an effort to combat the growing threat of authorised push payment (APP) fraud.

Scams 105

Scams Financial Crimes Due Diligence Crime 105

Fintech News

JUNE 3, 2024

Trade-based money laundering involves using trade transactions to conceal the origins of illicit funds. Other banks are also using behavioral biometrics as additional layers to detect mule accounts before an actual money transfer occurs.

Money Laundering 127

Money Laundering Financial Crimes Crime APACS 127

The Fintech Times

NOVEMBER 5, 2024

APP fraud, where fraudsters manipulate customers into transferring money to a criminal account, caused losses of over £213million in the first half of 2024 alone, according to UK Finance. Overall, around 35 per cent of the total value of losses from APP fraud originated from scams which started through telecommunication.

Scams 59

Scams Fraud Detection Origination Finance 59

The Fintech Times

MAY 1, 2025

This transformation is exemplified by industry leaders like JP Morgan Chase, where CEO Jamie Dimon has championed a 12billion annual investment in data and technology overseeing over 400 AI use cases including fraud detection, customer service improvements and operational efficiencies across the bank.

AI 45

AI Risk Fraud Detection Risk Assessment 45