The Payments Association

DECEMBER 10, 2024

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).

AI 88

AI Fraud Detection Fraud Prevention Deepfake 88

Fintech News

APRIL 25, 2025

Data from identity verification specialist Sumsub reveal that identity fraud incidents have more than doubled in the past three years, with account takeovers and deepfakes emerging as major concerns. Between 2021 and 2024, identity fraud rates increased from 1.1% Deepfakes now account for 40% of all biometric fraud detected.

Deepfake 97

Deepfake APACS Account Takeovers Verification 97

Finextra

JUNE 26, 2025

Home Announcements Identity Experian integrates Mastercard ID verification and fraud prevention tech External This content is provided by an external author without editing by Finextra. A key feature in Experian’s Identity and Fraud solutions, identity verification, plays a vital role in the fight to prevent fraud and cybercrime.

Fraud Prevention 52

Fraud Prevention Verification Visa Payment APIs and Integration 52

Clearly Payments

NOVEMBER 13, 2024

This routing allows the processor to request authorization for the transaction from the issuing bank, which then approves or denies it based on factors like available funds and fraud checks. Security and Fraud Detection : The BIN can provide valuable data points that help prevent fraud.

Process 104

Process Processors Payments Compliance 104

Fi911

DECEMBER 18, 2024

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.

Fraud Prevention 97

Fraud Prevention Fraud Detection Addressing Authentication 97

The Payments Association

SEPTEMBER 20, 2024

How open banking can reshape finance, enabling personalised services, streamlined verification, and improved fraud detection. Read more

Fraud Detection 123

Fraud Detection Innovation Verification Finance 123

The Payments Association

JANUARY 3, 2025

A roundtable discussion among merchants addressing the evolving challenges of fraud in their operations across various sectors. It highlights the necessity of advanced fraud detection and greater industry collaboration. Improving regulations, using technology for detection, and fostering industry-wide cooperation.

Fraud Detection 88

Fraud Detection Fraud Prevention Participant Financial Crimes 88

Evolve Payment

OCTOBER 22, 2024

This newly developing deepfake trend poses a serious risk to businesses of all sizes, making advanced identity verification more critical than ever. One way we do this is through rigorous qualification processes, which sometimes include requests that seem strange on the surface, such as requesting a selfie for identity verification.

Deepfake 98

Deepfake Verification Fraud Detection AI 98

Fintech News

JUNE 17, 2025

Sumsub said the solution is particularly useful in high-risk sectors like crypto, fintech, banking, and e-commerce, where early detection can prevent financial losses and protect platform integrity. Together, our solutions provide greater accuracy and a more complete fraud prevention system, with no coding required on the clients’ side.

Fraud Prevention 73

Fraud Prevention Monetary Loss Account Takeovers Fraud Detection 73

Fintech News

FEBRUARY 18, 2024

But with innovation comes risk – especially around identity verification and fraud prevention. By implementing Sumsub’s no-code identity verification platform, dtcpay simplified Know Your Client (KYC) and onboarding to provide a smooth, secure user experience. Why Sumsub?

Verification 120

Verification Travel Rule Multi-Currency Compliance 120

Finovate

JUNE 9, 2025

Fraud prevention and identity verification FrankieOne launches new risk and compliance platform that offers fraud detection and identity verification. Cybercrime consultancy We Fight Fraud partners with Salv to facilitate intelligence sharing between financial institutions in Europe.

Credit Union 52

Credit Union FinTech Fraud Detection Verification 52

Stax

APRIL 3, 2025

Fraud detection – Fraud detection and prevention measures identify and block any fraudulent activities in the payment system. Digital goods & services – Businesses that sell ebooks, software, and online courses should consider processors that support instant payouts and fraud detection.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

The Payments Association

JUNE 9, 2025

Filip Berlikowski CTO, Payall "RT2’s real-time capabilities and ISO 20022 structured data will transform UK payments—enabling immediate fraud detection, reducing false positives, and turning compliance into a competitive edge. Democratised access will foster fintech-bank collaboration, driving innovation.

ISO 20022 88

ISO 20022 Payment APIs and Integration ISOs Interoperability 88

CB Insights

JULY 9, 2021

California-based Unit21 is a no-code fraud detection software with use cases across transaction monitoring, identity verification, case management, operations management, analytics, and reporting. The round drew participation from Tiger Global Management, ICONIQ Capital, Gradient Ventures, A. Capital, and South Park Commons.

Fraud Detection 72

Fraud Detection Fraud Prevention Use Case Verification 72

The Payments Association

JANUARY 21, 2025

Table of Contents Voices from the industry: Insights into the 2024 payments landscape In 2024, we witnessed a convergence between consumer and B2B payments, driven by the rise of BNPL adoption, AI-powered fraud detection, and the continued digitalisation of payment platforms.

Payments Trends 88

Payments Trends Financial Crimes Cross-Border Payments 88

Finextra

JUNE 26, 2025

Instnt partners Munich Re to bolster ID fraud loss insurance coverage Instnt announces a strategic partnership with Munich Re to expand reinsurance capacity for its innovative Fraud Loss Insurance product. Fraud has long imposed a heavy burden on businesses, costing an estimated $485.6 billion globally in 2023 (Nasdaq, 2024).

Fraud Detection 52

Fraud Detection Verification AI Authorization 52

The Payments Association

APRIL 8, 2025

A roundtable discussion among merchants addressing the evolving challenges of fraud in their operations across various sectors. It highlights the necessity of advanced fraud detection and greater industry collaboration. Improving regulations, using technology for detection, and fostering industry-wide cooperation.

Fraud Detection 88

Fraud Detection Fraud Prevention Scams Participant 88

Fintech Review

APRIL 20, 2025

In the financial sector, it includes fraud detection, threat intelligence, data encryption, biometric verification, and risk monitoring. Cybertech refers to the suite of digital tools designed to secure networks, systems, and users from cyber threats.

Finance 59

Finance Security Fraud Detection Encryption 59

The Fintech Times

FEBRUARY 14, 2025

User-friendly fraud-as-a-service (FaaS) kits that enable amateurs to execute complex attacks against thousands of accounts in minutes are becoming increasingly available online, AU10TIX , the identity verification and management technology provider, has revealed.

Deepfake 78

Deepfake Law Enforcement APACS Fraud Detection 78

The Payments Association

JUNE 11, 2025

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

Risk Fraud Prevention Fraud Detection Payment APIs and Integration 88

Fintech News

OCTOBER 15, 2024

HashKey Global, a licensed digital asset exchange, has teamed up with Sumsub , a global verification platform, to improve its Know Your Customer (KYC) and Anti-Money Laundering (AML) processes. This shift from manual verification to an automated system has allowed HashKey to process user verifications more efficiently.

Verification 113

Verification Money Laundering Fraud Detection Compliance 113

Payments Source

JUNE 16, 2020

In response to fraudsters seeking to capitalize on the COVID-19 influenced surge in e-commerce, Ekata has launched a new global digital ID verification tool to combat cybercrime.

Verification 112

Verification Fraud Detection Fraud Prevention Payments 112

The Payments Association

FEBRUARY 10, 2025

Partnering with regional providers, leveraging AI for fraud detection, and conducting regular audits will ensure compliance, transparency, and operational excellence. Strengthening KYC procedures is critical, ensuring that verification extends beyond master account holders to individual vIBAN end users.

IBAN 88

IBAN AML Master Account Due Diligence 88

Fi911

JUNE 20, 2025

By the time financial institutions discover the fraud, recovery becomes nearly impossible. Why Traditional Fraud Detection Fails Credit bureaus face fundamental limitations in identifying synthetic identities. However, privacy regulations and data silos complicate comprehensive verification.

Identity Theft 52

Identity Theft Verification Database Authentication 52

Neopay

JANUARY 30, 2025

Many firms struggled to retrieve proof of ID and address documentation, especially when third-party identity verification services were used. Refine detection tool thresholds Adjusting fraud detection parameters can help identify mule activity across all stages of fund movement.

Financial Crimes 59

Financial Crimes Fraud Detection Crime Best Practices 59

Payments Source

JULY 22, 2020

TransUnion is expanding the geographic reach of its instant Document Verification service in response to the pandemic, with more users requiring ID confirmation from remote locations as fraud risks hit new highs.

Verification 97

Verification Scams Risk Fraud Detection 97

The Fintech Times

SEPTEMBER 19, 2024

Identity verification platform ID-Pal will have its AI-powered technology integrated into, B-Corp-certified issuer processing platform, CLOWD9 ‘s payment solutions portfolio. The partnership will see ID-Pal provide CLOWD9 with identity verification processes during the payment transaction ensuring users’ data is kept safe.

Verification 64

Verification Process AML Money Laundering 64

The Payments Association

MARCH 25, 2025

Reactive, not proactive: Rule-based systems fail to detect evolving threats. At SENDS, we recognised early that outdated practices compromise security and efficiency, so we embraced AI-driven solutions to transform fraud detection and compliance.

Regulatory Compliance 136

Regulatory Compliance AML Compliance PCI DSS 136

Finovate

JUNE 11, 2024

Identity proofing and fraud detection company AuthenticID launched a new solution today to detect deep fake and generative AI injection attacks. This works to bypass traditional fraud detection and identity verification methods.

AI 105

AI Fraud Detection Deepfake Verification 105

The Payments Association

FEBRUARY 10, 2025

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. For large, multinational corporations, this might mean sophisticated fraud detection systems and detailed compliance programmes.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

The Payments Association

JUNE 16, 2025

The findings show that it’s technically possible, but with significant challenges surrounding fraud detection, data sharing, and usability. This leads to the necessity for online verifications, and the challenges thereof, which the report summarises well.” Secure Elements offer partial mitigation, but are not infallible.

Settlement 88

Settlement CBDC Payment APIs and Integration Privacy 88

The Fintech Times

DECEMBER 10, 2024

AI-powered automated document authentication and fraud detection solutions provider, IDVerse is set to be acquired by data and analytics platform, LexisNexis Risk Solutions and become a part of LexisNexis Risk Solutions Business Services to combat AI-generated fraud. The terms of the transaction have not been disclosed.

Risk 64

Risk AI Acquirers Deepfake 64

The Finance Weekly

JANUARY 5, 2025

Fraud Detection and Prevention With advanced algorithms, the best AI chatbot for finance can identify unusual transaction patterns or potential fraud. It even adds a security layer with image-based identity verification, which is perfect for sensitive banking environments. Multilingual support (80+ languages).

AI 130

AI Finance Automation Non-Bank 130

Fintech Finance

OCTOBER 24, 2024

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.

Risk Assessment 109

Risk Assessment Payment APIs and Integration Verification Assessments 109

Stax

MARCH 11, 2025

The payment processor : this is the payment services provider that handles the verification and transfer of data and funds between the financial institutions involved in that transaction. Payment verification Once the payment processor receives the now-encrypted payment information, it will be sent to the issuing bank for verification.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

Finovate

DECEMBER 11, 2024

LexisNexis Risk Solutions has signed an agreement to acquire document authentication and fraud detection solutions provider IDVerse. The acquisition will enhance LexisNexis Risk Solutions’ ability to combat emerging threats such as AI-generated fraud and deepfakes. Terms were not disclosed.

Risk 52

Risk Acquirers Deepfake Fraud Detection 52

Fraud.net

MAY 30, 2024

Discover the complexities & challenges of fraud detection in banking. Learn actionable solutions to combat evolving threats in finance.

Fraud Detection 52

Fraud Detection Finance Identity Theft Verification 52