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

Fintech News

JUNE 18, 2025

The solution has already been used by early-access customers, with one Latin American fintech company reporting over 30 percent more fraud attempts detected, including injection attacks and deepfakes. The post Jumio Rolls Out Advanced Liveness Detection to Combat Deepfakes appeared first on Fintech Singapore.

Deepfake 101

Deepfake Fraud Detection AI Verification 101

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

Fintech Finance

MAY 22, 2024

The post Mastercard Accelerates Card Fraud Detection With Generative-AI Technology appeared first on Fintech Finance.

Fraud Detection 97

Fraud Detection Visa AI Technology 97

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.” Photo by Marlene Leppnen The post Tuum and Sumsub Team Up to Enhance Fraud Prevention for Financial Institutions appeared first on Finovate.

Fraud Prevention 96

Fraud Prevention Fraud Detection Payment APIs and Integration Verification 96

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

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

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. appeared first on fi911blog.

Fraud Prevention 97

Fraud Prevention Fraud Detection Addressing Authentication 97

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 90

APACS Verification Fraud Detection Money Laundering 90

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

Fintech Finance

NOVEMBER 7, 2024

The post Ant International Deploys AI to Streamline and Protect Cross-Border Transactions for Nearly 100 Million SMEs Worldwide appeared first on FF News | Fintech Finance.

Cross-Border 97

Cross-Border Deepfake AI Transactions 97

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 72

Financial Crimes Crime Money Laundering Fraud Detection 72

The Fintech Times

JULY 7, 2025

Common use cases include fraud detection, anti-money laundering, cybersecurity and back-office automation. Around 41 per cent of firms report using AI to streamline internal processes, while 37 per cent cite cybersecurity as a primary application, and 33 per cent focus on improving fraud detection.

Rules 59

Rules AI Innovation Finance 59

Bank Automation

JULY 1, 2025

It might not be enough for financial institutions to invest heavily to upgrade their technology and educate their customers to combat fraud. The financial fraud detection and prevention market is projected to reach $27.27 billion in 2025, up from $24.31

Data Breach 59

Data Breach Breach Fraud Detection Automation 59

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. The post Visa Unveils 2025 Payment Trends, Shaping Vietnams Digital Landscape appeared first on FF News | Fintech Finance.

Payments Trends 97

Payments Trends Cross-Border AI Payments 97

Bank Automation

FEBRUARY 6, 2025

The growing deepfake detection market is expected to be a $15.7 AI voice fraud detection startup Herd Security is one tech provider that banks are channeling to […] The post Podcast: How an anti-fraud startup fights deepfake fraud appeared first on Bank Automation News.

Deepfake 52

Deepfake Fraud Detection Consulting AI 52

Fintech News

JUNE 17, 2025

Sumsub said the solution is particularly useful in high-risk sectors like crypto, fintech, banking, and e-commerce, where early detection can prevent financial losses and protect platform integrity. Together, our solutions provide greater accuracy and a more complete fraud prevention system, with no coding required on the clients’ side.

Fraud Prevention 70

Fraud Prevention Monetary Loss Account Takeovers Fraud Detection 70

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

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

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

Fintech Finance

JULY 8, 2025

Fraud detection is enhanced by flagging “cost anomalies”, which are unusually high fees that may indicate suspicious activity. Real-time fraud detection using fee anomaly tracking and contextual risk scoring. Increase annual revenue by up to $1M by switching to dynamic pricing.

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52

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 Verification Deepfake Fraud Detection 87

Fintech News

DECEMBER 4, 2024

By utilising AWS’s compute infrastructure and machine learning capabilities, Grab enhances its services with features like personalised recommendations, fraud detection, and improved delivery guidance. Furthermore, Grab leverages AWS’ advanced technologies to drive AI-powered innovation.

Fraud Detection 107

Fraud Detection Fraud Prevention AI Processors 107

The Payments Association

JUNE 11, 2025

Consequently, the cost of fraud prevention now reaches $4.61 for every $1 of actual fraud incurred, intensifying the trade-off between safeguarding the platform and maintaining scale. Beyond technical attacks, platforms face behavioural fraud that’s equally challenging to detect. CAGR from 2025 to 2030.

Risk 88

Risk Fraud Prevention Fraud Detection Payment APIs and Integration 88

Fintech Finance

NOVEMBER 14, 2024

65% 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. The post Digital Wallets and Open Banking Set to Dominate Payments in 2025, According to Merchants appeared first on FF News | Fintech Finance.

Payment APIs and Integration 98

Payment APIs and Integration Regulatory Compliance Fraud Prevention Cross-Border Payments 98

Fintech Finance

APRIL 24, 2025

In response, 96% of US banks back the implementation of a ‘confirmation of payee’ scheme to protect against fraud. Other fraud-fighting measures like AI (40%), real-time fraud detection (39%), and multi-factor authentication (35%) are also gaining traction.

Transaction Limits 84

Transaction Limits RTP FedNow Instant Payments 84

The Fintech Times

FEBRUARY 11, 2025

In 2024, 98 per cent of remittance transactions were completed in under five minutes and the platform also introduced new features like GBP payee confirmation, and enhanced fraud detection. The post Flutterwave Reveals Popular Remittance Destinations in Send App 2024 Remittance Report appeared first on The Fintech Times.

Cross-Border 85

Cross-Border Cross-Border Payments Fraud Detection Payee 85

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

Finovate

JUNE 9, 2025

Fraud prevention and identity verification FrankieOne launches new risk and compliance platform that offers fraud detection and identity verification. Cybercrime consultancy We Fight Fraud partners with Salv to facilitate intelligence sharing between financial institutions in Europe.

Credit Union 52

Credit Union FinTech Fraud Detection Verification 52

The Fintech Times

FEBRUARY 14, 2025

As a result, a full 30 per cent of identity fraud attacks targeted social media in Q4, compared to a mere three per cent in Q1. Enhanced selfie and fraud detection tools are necessary to protect social media engagement, ensure account authenticity, and prevent the risks posed by fake accounts.

Deepfake 78

Deepfake APACS Law Enforcement Fraud Detection 78

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

Neopay

JANUARY 30, 2025

Refine detection tool thresholds Adjusting fraud detection parameters can help identify mule activity across all stages of fund movement. Strengthening fraud defences: Next steps The FCAs findings highlight the need for firms to take a proactive, data-driven, and collaborative approach to combating financial crime.

Financial Crimes 59

Financial Crimes Fraud Detection Crime Best Practices 59

The Fintech Times

JUNE 14, 2025

Cindy Turner, chief product officer at Worldpay “Fraud mitigation isn’t just an on or off switch; rather, it’s a balance that requires merchants to understand how security, authentication, authorisation, fraud detection and the impact on the shopping experience work in harmony with one another,” said Cindy Turner , chief product officer at Worldpay.

Mitigation 49

Mitigation Fraud Detection Authentication Issuers 49

Fintech Finance

JUNE 11, 2025

Fraud mitigation isn’t just an on or off switch; rather, it’s a balance that requires merchants to understand how security, authentication, authorization, fraud detection and the impact on the shopping experience work in harmony with one another,” said Cindy Turner, chief product officer at Worldpay.

Authorization 52

Authorization Fraud Detection Mitigation Issuers 52

Fintech Finance

FEBRUARY 20, 2025

Key security features include: Advanced Machine Learning Fraud Detection: Prevent unauthorized access with IP Allowlisting & Multi-Factor Authentication (MFA), and monitor suspicious activity with user behavior analytics.

PCI DSS 86

PCI DSS Security Payment APIs and Integration MFA 86

Finovate

JUNE 16, 2025

The Wall Street Journal revealed (paywall) that Amazon has listed job postings hinting at its crypto ambitions. Control would be another benefit, as stablecoins could offer retailers full control over the payment rail and user data, and they could leverage stablecoins to enhance fraud detection efforts and improve analytics.

Stablecoins 81

Stablecoins Settlement Multi-Currency Cross-Border 81

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