Remove Fraud Detection Remove Regulations Remove Regulatory Compliance
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The rise of generative AI in payment security: A double-edged sword for data privacy

The Payments Association

The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. It underscores the need for payment firms to balance AI innovation with robust privacy and regulatory compliance to protect sensitive consumer data. Why is it important?

Privacy 88
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Digital Wallets and Open Banking Set to Dominate Payments in 2025, According to Merchants

Fintech Finance

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. Regulatory changes, including PSD3 and APP fraud regulations, were also highlighted, with 50% of respondents noting their influence.

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Tuum and Sumsub Team Up to Enhance Fraud Prevention for Financial Institutions

Finovate

Adding to this challenge is the proliferation of new regulations that are tightening compliance requirements and mandating greater security and operational resilience. This will enable them to onboard customers faster and comply with international KYC/AML regulations.

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The future of payments: Key trends that will shape 2025

The Payments Association

This is driven in part by regulations like the Instant Payment Regulation (IPR), which enforces real-time bank transfers. Sweeping VRPs are already mandated by the UKs regulator, but non-sweeping is still in its experimental phase. AI is already essential for fraud detection, offering real-time monitoring to prevent issues.

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Navigating the rise of AI-enabled fraud

The Payments Association

The article explores the growing threat of AI-enabled fraud in the payments sector and how firms can combat it with advanced technologies. It highlights the urgent need for payments firms to address AI-driven fraud to protect financial security, maintain customer trust, and comply with regulations. Why is it important?

AI 88
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Merchants Set to Invest in AI and Fraud Prevention and Compliance Tops the 2025 Agenda, Says payabl

The Fintech Times

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. Respondents also identified PSD3 and APP fraud regulations as one of the upcoming transformational trends in the industry (50 per cent). .

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RT2: A strategic transformation for UK payment providers

The Payments Association

This is more than 'coding to the spec'; different and new software is required by originating institutions, correspondent banks, intermediate banks, and even regulators or central banks to realise the advantages." Moving beyond minimum compliance unlocks real business value.