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Fundiin Teams up With Visa to Enhance Credit-scoring Model

Fintech Finance

Although Vietnam’s digital finance market has seen rapid growth over the last few years, many consumers still struggle to access secure and high-quality financial services due to ineffective risk assessment systems.

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Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

The Payments Association

Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability. This article explores the key provisions of the Act, the risks businesses must address, and the steps required to mitigate potential liabilities.

Crime 88
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Navigating AML obligations in the age of virtual IBANs

The Payments Association

Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. Virtual IBANs (vIBANs) have become a key component of modern payment systems, enhancing payment reconciliation and facilitating cross-border transactions.

IBAN 88
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Evolving money laundering risks for EMIs: Insights from the upcoming NRA

The Payments Association

EMIs must strengthen their risk frameworks, advocate for more nuanced regulation, and prepare for heightened scrutiny to avoid blanket penalties and operational disruption. Arguably, though, what really matters is the robustness of controls put in place to mitigate those risks. The NRA does acknowledge sector diversity.

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Beyond KYC: How Technology is Transforming the Fraud Prevention Game

Fintech News

This surge brings with it opportunity and the heightened risk of fraud. As more transactions move online, fraudsters are leveraging increasingly advanced tactics to exploit vulnerabilities in onboarding and transaction processes.

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Carrington Labs Partners with Taktile to Streamline Credit Risk Strategy for Lenders

Fintech News

Carrington Labs’ models are designed to accommodate diverse data sources, including transaction-level data, credit bureau information, and behavioural insights. This enables lenders to construct a more detailed view of borrowers’ financial circumstances, resulting in more accurate credit risk assessments.

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Feedzai Launches ScamAlert, New GenAI Agent to Detect and Prevent Scams

Fintech Review

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. Unlike traditional fraud detection, ScamALert uses a multimodal model, analyzing text, images, and transaction data in real time to detect scams before they happen.

Scams 52