Remove Fraud Detection Remove Risk Assessment Remove Verification
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Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

The Payments Association

It highlights new corporate responsibilities, significant penalties for non-compliance, and the businesses need to implement strong fraud prevention measures to protect their financial and reputational standing. Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability.

Crime 88
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Navigating AML obligations in the age of virtual IBANs

The Payments Association

Partnering with regional providers, leveraging AI for fraud detection, and conducting regular audits will ensure compliance, transparency, and operational excellence. Since vIBANs are often treated as extensions of master accounts rather than independent relationships, firms fail to apply appropriate risk assessment frameworks.

IBAN 88
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The platform risk paradox: Managing digital commerce fraud at scale

The Payments Association

E-commerce is facing the brunt; the sector in Europe has experienced a 176% increase in fraud in Q1 2025 compared to the same period in 2024. To keep up, organisations need to move away from simple, KYC-focused verification and towards a proactive, multi-layered approach." billion in return-based fraud in 2022.

Risk 88
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Payabli raises $28M Series B

Finextra

In parallel, Payabli is working with Nvidia to develop advanced risk and fraud detection models trained on proprietary customer data to deliver tailored risk assessments specific to each customer’s business and industry.

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Future of Loan Management Systems: Predictions for the Next Decade, 2025-2035

M2P Fintech

Back in the day, loan management system s were synonymous with pile s of paperwork involving intricate manual calculations and lengthy verifications, leading to slow approvals. “One-click” loans become reality through instant credit assessments. AI, ML, and blockchain enhance risk assessment and security.

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Dwolla Partners with Plaid to Future-Proof Pay by Bank Payments

Fintech Finance

Set to go live in early 2025, this premiere payments solution will integrate Plaid’s instant account verification (IAV) and network-powered risk assessment capabilities into Dwolla’s pay by bank platform.

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Brankas and ADVANCE.AI Team Up for Open Banking Compliance

Fintech News

The integration of ADVANCE.AI’s technology provides features such as real-time identity verification, fraud detection, and risk assessments, which help financial institutions meet regulatory demands securely. These tools are also intended to reduce the risk of fraud and scams.