Search Results for: financial fraud

Banking Featured Fintech

Tools such as these are Enabling Better Identity Verification for Financial institutions

Fintech News Desk
by Fintech News Desk0
Fintech companies have brought much-needed technological advancements into the global business scenario and have caused a paradigm shift from traditional financial practices. More and more people are adopting complete-digital methodologies to carry out their financial procedures. More than 58% of the world’s population has access to the internet today.  The......
Fintech Unicorn PingPong Payments: Fighting Fraud is a Never-Ending Battle
Fintech News

Fintech Unicorn PingPong Payments: Fighting Fraud is a Never-Ending Battle

Fintech News Desk
by Fintech News Desk0
The global fintech market is expanding rapidly and expected to reach $460 billion by 2025[1], yet total fraud losses have reached a staggering $42 billion worldwide in the past two years alone[2] – cash taken straight from businesses’ bottom-line. This has been exacerbated by the pandemic, which while accelerating e-commerce and the growth of digital......
First Derivatives Names AWS Advanced Consulting Partner
Artificial Intelligence Business Fintech Investment Services News Risk Management

AWS Announces General Availability of Amazon Fraud Detector

Fintech News Desk
by Fintech News Desk0
Amazon Web Services Inc. (AWS), an Amazon.com company, announced the general availability of Amazon Fraud Detector, a fully managed service that makes it easy to quickly identify potentially fraudulent online activities like online payment and identity fraud. Using machine learning under the hood and based on over 20 years of......
LexisNexis Risk Solutions Promotes Josh Schoeller to Chief Executive Officer of Its Health Care Business Unit
Business Risk Management

LexisNexis Risk Solutions True Cost of Fraud Study Finds Fraud Costs Increased 7.3% for U.S. Retailers Year over Year

Fintech News Desk
by Fintech News Desk0
LexisNexis® Risk Solutions has released its 11th annual LexisNexis Risk Solutions 2020 True Cost of Fraud™ Study: e-Commerce/Retail Edition. The study that surveyed risk and fraud executives at e-commerce and retail companies in the U.S. and Canada reveals that fraud continues to increase and most acutely affects mid to large-sized e-commerce and retailers. Retailers experienced increased online......
Elliptic Responds in Real-Time to Monitor Flow of Fraudulent Funds Following Twitter Security Breach
Blockchain Cryptocurrency Fintech News Risk Management

Elliptic Responds in Real-Time to Monitor Flow of Fraudulent Funds Following Twitter Security Breach

Fintech News Desk
by Fintech News Desk0
Elliptic, the global leader in cryptoasset risk management solutions, issued a statement on their response to the Twitter cybersecurity breach which occurred on 15th July, 2020. Read More: GlobalFintechSeries Interview with Curtis Webb, Vice President, Product Management – Emerging Payments at Meta Financial Group and MetaBank The very nature of......
Accertify Launches Digital Identity Solution to Battle Increasing Account Opening and Account Takeover Fraud
Fintech News

Accertify Launches Digital Identity Solution to Battle Increasing Account Opening and Account Takeover Fraud

Fintech News Desk
by Fintech News Desk0
Machine learning capabilities deliver more sophisticated fraud protection in an uncertain environment Accertify, Inc., a wholly-owned subsidiary of American Express, announced the launch of a new solution designed to help organizations address the significant rise in fraudulent online account openings and account takeovers. Accertify Digital Identity is a sophisticated API-based solution......
FICO Wins Award for Video Championing Diversity in Analytics
Fintech News Risk Management

FICO Wins Financial Crime Product of the Year in Risk Technology Awards

Fintech News Desk
by Fintech News Desk0
With effective robotics, explainable AI and the latest machine learning, FICO takes the fight against money laundering to the next level Global analytics and technology provider FICO has just won Financial Crime Product of the Year at this year’s Risk Technology Awards, held by Risk.net. Read More: GlobalFintechSeries Interview with......
LendingUSA™ and GDS Link Partner With SentiLink, Leading the Market in Fraud Detection Technology
Business Fintech News

LendingUSA™ and GDS Link Partner With SentiLink, Leading the Market in Fraud Detection Technology

Fintech News Desk
by Fintech News Desk0
LendingUSA’s adoption of technology in partnership with GDS Link and SentiLink enhances the company’s fraud detection capabilities LendingUSA, a leading point-of-sale financing solution, is enhancing its powerful fraud detection capabilities by incorporating SentiLink technologies into its processes through a partnership with GDS Link. In taking strides to address fraud, LendingUSA......
Socure Unveils Sigma Synthetic Fraud, a New Way to Identify and Combat Synthetic Identity Fraud
Fintech News

Socure Research Report Finds a 134% Increase in New Account Fraud Attempts Since the Beginning of the COVID-19 Pandemic

Fintech News Desk
by Fintech News Desk0
First fraud report released by Socure supports that the lure of “free money” drove new account fraud attacks while mapping the timeline of COVID-era market events to spikes Socure, the leader in Day Zero digital identity verification announced the release of its first fraud report, “How COVID-Era Government Aid Impacted......
Fintech News Risk Management

ACI Worldwide to Deliver Fraud Prevention in the Cloud to All Customers Globally

Fintech News Desk
by Fintech News Desk0
ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that ACI Proactive Risk Manager and ACI Model Generator, part of ACI’s Payments Risk Management solution, can now be deployed in a private or public cloud environment by all existing customers globally. The move comes in response to......
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