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Visa Finalises Featurespace Acquisition to Bolster AI Fraud Detection

Fintech News

Featurespaces advanced fraud detection and risk-scoring capabilities will be integrated into Visas existing portfolio of fraud prevention solutions. This integration will enable real-time detection of sophisticated fraud attacks while maintaining a seamless user experience.

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AI Becomes the Banker: 21 Case Studies Transforming Digital Banking CX

Finextra

In a late 2024 cross-industry survey by SAS, banking and insurance executives reported the highest current usage of generative AI—60% in each sector are already using GenAI in some capacity, the top rate among industries. A global survey found that 98% of banking leaders either use generative AI now (60%) or plan to within two years (38%).

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RTP® and FedNow Transaction Limit Increases Fuel Instant Payments Surge

Fintech Finance

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.

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What is Geolocation-Based Fraud Prevention?

Fi911

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.

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Navigating the rise of AI-enabled fraud

The Payments Association

As payment systems become more digitised and interconnected, the attack surface expands, and the stakes for payments firms to invest in robust, AI-driven fraud detection and prevention systems have never been higher. fingerprints, facial recognition), and behavioural biometrics (e.g., keystroke dynamics or mouse movements).

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Can Agentic AI in Fintech Transform Financial Services Through Autonomous Intelligence?

Fintech News

In this article, we cover the developments between Agentic AI in fintech and possible use cases, giving a glimpse into how financial services could look like in the near future. If applied successfully, Agentic AI could revolutionise financial services by introducing higher levels of autonomy, efficiency, and adaptability.

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Mastercard to Open up A2A Instant Payments Sandbox for UK Banks and FIs

The Fintech Times

Through the launch of the new sandbox, Mastercard hopes to play a significant role in helping to modernise the UK’s A2A payment ecosystem by enabling banks and FIs to test new flows, including retail and digital assets, across person-to-person, person-to-merchant, and business-to-business use cases.