Fintech Finance

AUGUST 2, 2024

ComplyTek introduces an advanced transaction screening solution for instant payments , designed to ensure compliance and mitigate fraud within the critical 10-second processing window. Leveraging machine learning and AI, the platform offers comprehensive monitoring and fraud detection capabilities.

Instant Payments 94

Instant Payments Transactions Payment APIs and Integration Compliance 94

Fintech Review

MARCH 11, 2025

ScamAlert disrupts this cycle by empowering users with real-time alerts and actionable advice, helping them identify and avoid scams before unwittingly validating a transaction. In doing so, it not only protects consumers from financial loss but also strengthens the overall fraud defense by breaking the scam cycle at its source.

Scams 52

Scams Fraud Prevention Risk Assessment Financial Crimes 52

The Payments Association

MARCH 25, 2025

The fintech sector is evolving rapidly, transforming financial transactions, but it is also facing growing regulatory scrutiny and risks, such as fraud and cybersecurity threats. As director/MLRO of SENDS, a UK-licensed EMI, I see AI’s potential in fraud prevention, AML, and compliance.

Regulatory Compliance 136

Regulatory Compliance AML Compliance PCI DSS 136

The Fintech Times

JANUARY 20, 2025

protocol is designed to support issuers, acquirers, and merchants in reducing fraud and improving transaction approval rates. These include: Improved acceptance rates: Advanced risk assessment capabilities result in fewer declined transactions, increasing successful payment completions and boosting revenue.

EMV 59

EMV Payment APIs and Integration Authentication Processors 59

The Payments Association

MARCH 18, 2025

Open data, in turn, enriches these offerings, enabling innovative credit scoring and risk assessment beyond traditional banking channels. For payments firms, this unlocks new opportunities to embed value-added services directly within transactions, but also intensifies competition as traditional product lines blur and converge.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

PYMNTS

APRIL 10, 2020

The study is part of the larger Unlocking AI series by PYMNTS, examining how AI and other computational systems are being used to manage critical business functions, including payments, regulatory compliance, risk assessment and fraud protection. Moreover, the benefit cited by the greatest proportion of healthcare firms (65.6

AI 144

AI Fraud Detection Risk Assessment Regulatory Compliance 144

Fi911

DECEMBER 19, 2023

This scale of fraud is challenging for systems dependent solely on human detection, especially considering the increasing volume of online transactions. Initially reliant on automated and rule-based systems, financial institutions are now turning to machine learning for more effective fraud detection.

Fraud Prevention 98

Fraud Prevention Fraud Detection Point-of-Sale (POS) Online and Mobile Banking 98

Fintech Review

MAY 7, 2024

Machine learning is particularly transformative in various fintech applications, such as personalised financial advice and risk assessment, marking a transformative shift in financial methodologies towards more advanced, data-driven approaches. It is essential to mitigate these risks to prevent potentially devastating impacts.

AI 98

AI FinTech Risk Assessment Fraud Detection 98

EBizCharge

JANUARY 16, 2025

Understanding financial transactions has never been more crucial for businesses. One key element in this realm is the merchant category code (MCC), a seemingly obscure concept thats vital to how transactions are processed. These codes help identify what a business sells during credit card transactions.

Credit Cards 52

Credit Cards Processors PCI DSS Fraud Detection 52

The Payments Association

DECEMBER 11, 2024

As global transactions increasingly move online, the shift from traditional payment methods to digital and mobile wallets, representing nearly 49% of global payments, has profoundly restructured financial interactions. The most successful approaches will prioritise creating frictionless user experiences without compromising security.

Fraud Prevention 88

Fraud Prevention Risk Assessment Payments Account Takeovers 88

The Fintech Times

NOVEMBER 27, 2024

Full-cycle verification platform, Sumsub has enhanced its Crypto Transaction Monitoring and Travel Rule solutions following an integration with Elliptic , the cryptoasset risk manager. Together with Elliptic, we can provide powerful tools to streamline compliance, mitigate risks, and stay ahead of emerging threats in the sector.”

Transactions 59

Transactions Financial Crimes Crime Blockchain 59

Fintech Review

FEBRUARY 11, 2025

Traditional models rely on limited data, whereas AI assesses alternative factors like transaction history and online behaviour. This enables more accurate risk assessments and financial inclusion. This can result in discriminatory lending practices or inaccurate risk assessments.

AI 66

AI FinTech Risk Assessment Assessments 66

PYMNTS

DECEMBER 14, 2020

This was a year that bent and broke quite a few risk forecasting models, thus all the more reason to bring AI smarts to bear on transaction volumes scaling far beyond a human pace. However, many FIs lack internal proficiency to use AI-assisted credit risk assessment for maximum effectiveness.

AI 87

AI Online and Mobile Banking Risk Assessment Credit Risk 87

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Major risk factors for PayFacs include fraudulent transactions, merchant credit risk, regulatory compliance, and operational risks.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Trade Credit & Liquidity Management

MAY 27, 2025

As the global marketplace grows more interconnected and transactions shift online, businesses face an unprecedented wave of commercial fraud attempts, from sophisticated “bust-out” schemes to synthetic identity fraud that blends real and fabricated data. billion in 2022 to $252.7

Fraud Prevention 52

Fraud Prevention Fraud Detection Verification Risk Assessment 52

FICO

NOVEMBER 30, 2017

Fraud managers need to ask: How do we keep current customers satisfied that we adequately protect them, but don’t inconvenience them by declining legitimate transactions? How do we keep our fraud controls relevant, agile, and modern to accommodate new products, new channels, increased digitization and more faceless interactions?

Risk 82

Risk Fraud Detection Assessments Origination 82

Clearly Payments

JANUARY 8, 2024

In this guide, we go into the topics of risk management in payment processing, equipping merchants with the knowledge and strategies needed to secure their transactions. Identifying and Assessing Risks Understanding the lay of the land is the first step in effective risk management.

Risk Management 97

Risk Management Risk PCI DSS Process 97

Seon

JUNE 29, 2023

At the heart of this are illicit transactions that were not prevented at the time they were made. Thankfully, much of the answer to this corrupt financial activity boils down to organizations ensuring that they carry out an anti-money laundering process called Know Your Transaction (KYT). What Is Know Your Transaction (KYT)?

Transactions 52

Transactions Due Diligence Money Laundering AML 52

PYMNTS

SEPTEMBER 14, 2016

ACI Worldwide advises that, as the world moves toward immediate payment ecosystems, a holistic view of the transaction, with layered controls from origination to the application of real-time rules, is the only way to push the pedal to the metal on faster payments and put the brakes on fraud. million in 2007 to £52.5

Fraud Prevention 77

Fraud Prevention Faster Payments Push-to-Card Payments 77

PYMNTS

FEBRUARY 19, 2020

In an interview with PYMNTS, Jim Lerdal — executive vice president of operations at PULSE , a Discover Financial Services company focused on transaction routing and settlement services — said that kind of fraud is becoming institutionalized and smarter. Fraud is an industry for the crooks now. They are developing job rules.

ATM 67

ATM Point-of-Sale (POS) Fraud Detection Mitigation 67

Finextra

JUNE 6, 2025

PayPal’s BNPL solution, Pay in 4, incorporates sophisticated fraud prevention technology and machine learning models to assess creditworthiness quickly. Among other things, Sezzle is using machine learning for customer risk assessment and to offer tailored financing options. It also makes sense for the superapp platform.

52

52

M2P Fintech

DECEMBER 17, 2024

Every online transaction involves four key parties: Merchant Customer Issuing bank (the customer’s bank) & Acquiring bank (the merchant’s bank) A robust system is essential for tracking and managing data effectively to enable seamless transactions among these parties. What is a Merchant Management System (MMS)?

Fraud Detection 52

Fraud Detection PCI DSS Disputes Settlement 52

Finovate

JANUARY 15, 2025

” The panel will look at the rise of lending integrations, the role of AI in risk assessment, embedded finance regulation, and more. The act focuses on transparency, accountability, and controlling risks, especially when it comes to AI’s applications in areas such as credit scoring and fraud detection.

Embedded Finance 52

Embedded Finance FinTech Payment APIs and Integration AI 52

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

The Fintech Times

MARCH 18, 2024

Key benefits of digital fraud prevention tools Real-time monitoring leveraging fraud detection algorithms The power of modern fraud detection tools lies in their ability to monitor transactions and user behaviour continuously, in real time.

Fraud Prevention 59

Fraud Prevention AI Fraud Detection Payments 59

M2P Fintech

MARCH 24, 2025

Future technological advancements, including blockchain for secure transactions, machine learning for personalized offers, and peer-to-peer lending platforms , promise to further enhance the digital lending landscape. “One-click” loans become reality through instant credit assessments. from 2023 to 2032.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Regulatory Compliance Compliance 52

Stax

JANUARY 8, 2024

TL;DR Four main types of risks come with payment facilitation: compliance risks, operational risks, transactional risks, and reputational risks. Transactional risks These are the risks that may arise from the processing of transactions on your platform. Velocity checks.

Risk Management 88

Risk Management Risk Money Laundering Procedures 88

Fintech News

MAY 20, 2024

Monetizing transactional data in banking with impactful engagement May 28, 2024, 15:00 SGT On May 28, 2024, at 15:00 SGT, a webinar titled “Monetizing Transactional Data in Banking with Impactful Engagement” will be hosted by Personetics and featuring banking leaders.

FinTech 135

FinTech Embedded Finance BNPL On-Demand 135

PYMNTS

OCTOBER 13, 2017

The fraudsters often get away with it, too, simply because many merchants are overwhelmed by the volume of traffic and can’t give sketchy transactions their due consideration. Sometimes, they don’t even notice the sketchy transactions at all. That delay can become a deal-breaker on the consumer’s end.

Risk Assessment 46

Risk Assessment Account Takeovers Fraud Detection Assessments 46

Finovate

MARCH 28, 2024

More specifically, DataVisor’s new AML solution provides: Comprehensive end-to-end functionality: including customer risk rating, CDD, EDD, sanction/watchlist screening, transaction monitoring, case management, and automated SAR filing. According to Crunchbase, DataVisor has raised more than $94 million in funding.

AML 59

AML Compliance AI Money Laundering 59

The Payments Association

OCTOBER 3, 2024

According to the European Central Bank, over 126 billion cashless transactions were processed in the EU in 2022 , a significant increase from previous years. Imagine a sleek mobile app that falters because the underlying systems can’t handle transactions swiftly or securely.

Payment APIs and Integration 88

Payment APIs and Integration Online and Mobile Banking On-Demand Process 88

Tearsheet

JULY 1, 2024

Because of this, we believe it’s essential to understand the value this generation places on flexibility , security and transparency of financial transactions. Two-factor authentication, encryption and fraud detection are minimum requirements. Start with a risk assessment.

BNPL 105

BNPL Online and Mobile Banking Encryption Payments 105

The Payments Association

MAY 16, 2025

AI now plays a critical role in compliance processes, automating know your customer (KYC) checks, streamlining transaction monitoring, and identifying unusual behaviour in real time. This includes a high concentration in anti-money laundering (AML), fraud detection, and client onboarding.

Compliance 88

Compliance AI Risk Audit 88

The Fintech Times

OCTOBER 26, 2024

Jassim Haji , an international expert, strategist and researcher in AI and digital transformation, delved into how AI is enabling real-time risk assessment and fraud detection, reducing the manual processes that typically slow banks down. We’ve moved towards digital to reduce the need for branch visits,” Bashmail said.

Finance 69

Finance Ransomware Fraud Detection Cybersecurity 69

The Payments Association

MAY 16, 2025

Regulatory developments previously confined to financial institutions and payment service providers are now extending to the systems, practices, and commercial relationships of merchantsparticularly where digital payments, cross-border transactions, and customer data are concerned. Review acquirer contracts for flexibility around fee changes.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

Fintech News

JULY 4, 2024

In payments, AI-powered systems can enhance fraud detection and streamline cross-border transactions, potentially revitalising correspondent banking relationships that have dwindled due to regulatory pressures.

Central Bank 104

Central Bank AI Correspondent Bank Correspondent 104

Finovate

MARCH 19, 2024

Payment, banking, and investment systems provider FIS announced today that it is partnering with Stratyfy to bolster the capabilities of its SecurLOCK card fraud management solution. This will reduce friction for end consumers by minimizing fraud and disruption experienced because of false positives.

Fraud Detection 52

Fraud Detection Risk Assessment Credit Risk Assessments 52