Search Results for: fraud detection

Top Best Practices to Help Online Retailers Avoid Payment Fraud
Digital Payments Guest Posts Risk Management

Top Best Practices to Help Online Retailers Avoid Payment Fraud

Andre Ferraz
As we enter 2021, the changes in consumer buying behavior brought on by the global pandemic are becoming the new norm. With lockdowns continuing into the New Year, and access to stores drastically restricted, online shopping is now, for many consumers, the primary retail channel. New terms such as BOPIS,......
Juniper Research eCommerce Losses to Online Payment Fraud to Exceed $20 Billion Annually in 2021
Commerce Digital Payments Featured News

Juniper Research: eCommerce Losses to Online Payment Fraud to Exceed $20 Billion Annually in 2021

Sudipto Ghosh
Online Payment Fraud is costing billions to e-commerce businesses. According to a new study from Juniper Research, the value of losses due to eCommerce fraud will rise this year, from $17.5 billion in 2020 to over $20 billion by 2021; a growth of 18% over a single year! China is the biggest......
ClearPro Aims To Build Consumer Trust And Fight Fraud Within The Mortgage Industry
Business Digital Finance News

ClearPro Aims To Build Consumer Trust And Fight Fraud Within The Mortgage Industry

Fintech News Desk
Survey indicates consumers expect lenders to do more to protect them from fraud Honesty is the best policy when it comes to a home purchase, a message that appears to be getting through to most Canadians, according to a recent Equifax survey on mortgage fraud. Less than half (45 per......
Global Fintech Interview with Kimberly, at LexisNexis Risk Solutions
Banking Business Fintech Interviews Risk Management

Global Fintech Interview with Kimberly Sutherland, Vice President of Fraud & Identity Strategy at LexisNexis Risk Solutions

Paroma Sen
[To share your insights on Fintech trends and analysis, please write to us at sghosh@martechseries.com]...
Capital One Exec Joins Fraud Elimination Leader Vesta as Head of AI and R&D
Artificial Intelligence Fintech Machine Learning News Risk Management

Capital One Exec Joins Fraud Elimination Leader Vesta as Head of AI and R&D

Fintech News Desk
Paul Melby will oversee the launch of Vesta’s new AI lab to accelerate development of advanced fraud-eliminating capabilities. Vesta, a global leader in card-not-present (CNP) fraud prevention and approval enhancement solutions, today announced it has tapped industry veteran Paul Melby to serve as Senior Vice President, Artificial Intelligence and R&D. His duties......
Revitalization Partners Rolls Out Asset Marketing System
Artificial Intelligence Banking Fintech News Risk Management

Symphony AyasdiAI Launches Sensa, A Pioneering Solution For Aml And Financial Crime Detection To Thwart Money Laundering Activities

Fintech News Desk
Symphony AyasdiAI today announced the launch of Sensa™ a powerful new enterprise AI application to discover complex, hidden money laundering and financial crime activity at a fraction of the cost and operational burdens previously required. Read More:  XP Inc. Acquires Riza M&A Sensa™ is the groundbreaking result of a year-long......
VTB Applies AI Model to Clamp Down on Payment Card Fraud
Artificial Intelligence Fintech News

VTB Applies AI Model to Clamp Down on Payment Card Fraud

Fintech News Desk
VTB is implementing a new model based on AI to prevent fraudulent card transactions: a machine learning algorithm trained on more than 10,000 parameters detects 1.5 times more attempts by attackers to commit fraudulent transactions compared to previous operating systems. The model, developed by VTB’s internal AI specialists, analyses the......
OneConnect and Singapore Exchange Collaborate to Address Esg Reporting Needs
Business InsurTech News Risk Management

Shift Technology and CRIF Collaborate in the Fight Against Insurance Fraud

Fintech News Desk
Shift Technology, a provider of AI-driven decision automation and optimization solutions for the global insurance industry, today announced it has collaborated with CRIF Decision Solutions Ltd., leader in information services, fraud prevention and digital solutions. As a result, Sherlock solution will be made available to MIB CUE (Claims and Underwriting......
Consilient Bank Trials Demonstrate Federated Machine Learning Improves Effectiveness and Efficiency for Financial Crime Detection
Banking Economy Fintech Machine Learning News

Consilient Bank Trials Demonstrate Federated Machine Learning Improves Effectiveness and Efficiency for Financial Crime Detection

Fintech News Desk
Consilient applies its federated learning model and machine-learning technology for anti-money laundering and countering the financing of terrorism efforts for financial institutions In recent bank trials, fintech innovator Consilient demonstrated successful federated machine learning for the detection of financial crime. Traditionally, financial institutions silo their efforts to combat financial crime......
M&T Bank Enlists Point Predictive’s Powerful Outsourced Fraud Mitigation to Keep Auto Loan Risk at Bay
Banking Fintech News Risk Management

M&T Bank Enlists Point Predictive’s Powerful Outsourced Fraud Mitigation to Keep Auto Loan Risk at Bay

Fintech News Desk
Point Predictiv, the San Diego-based company that provides machine learning solutions to the lending industry, today announced that M&T Bank has adopted the company’s Outsourced Fraud Mitigation (OFM) service to maintain the upper hand in the fight against auto loan fraud. Read More:Rellevate and Richard Petty Announce the Richard Petty......
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