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Chainalysis Acquires AI Fraud Detection Firm Alterya

Fintech News

Blockchain analysis firm Chainalysis has acquired Alterya , an AI-based fraud detection platform focused on identifying scams before they impact victims. In 2024, Alterya identified US$10 billion in scam-related transactions and worked with clients to reduce losses and address fraud effectively.

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Visa Finalises Featurespace Acquisition to Bolster AI Fraud Detection

Fintech News

The acquisition is expected to bolster Visa s fraud protection capabilities and enhance security for its customers worldwide. Featurespaces advanced fraud detection and risk-scoring capabilities will be integrated into Visas existing portfolio of fraud prevention solutions.

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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. From fraud detection to customer support, AI-driven solutions are revolutionising how payments are processed and safeguarded. What is this article about?

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Swift and Google Cloud Join Forces to Combat Fraud with AI Innovations

Fintech News

Swift, the global financial messaging service provider, is collaborating with Google Cloud to develop innovative anti-fraud technologies. This will enable collaborative intelligence without compromising the privacy or security of sensitive financial data.

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AI is reshaping payments: Smarter, faster, more secure

The Payments Association

As digital payments evolve, AI is reshaping fraud prevention with real-time insights, adaptive controls, and improved security across financial systems. As the digital economy continues to grow, so does the need for quick, seamless, and secure payments. And the risks are real. Whats needed is a more dynamic, joined-up approach.

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AI x Payments: From Fraud Detection to Hyperpersonalised Checkout

Finextra

Real-Time Fraud Detection: Defence at Machine Speed Traditional fraud systems rely on static rules and after-the-fact analysis. But fraud doesn’t wait, and neither can protection. In a world of instant expectations, rising digital risk, and hypercompetition, AI is not a future concept,it’s the present differentiator.

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Security Bank Collaborates with Entrust to Enhance eKYC and Digital Onboarding

Finovate

Philippines-based Security Bank has announced a new collaboration with Entrust. Identity-as-a-Service (IDaaS) innovator Entrust has entered into a new collaboration with leading Philippines-based financial institution Security Bank. ” Established in 1951, Security Bank has deployed Entrust’s Onfido Studio platform. .