Search Results for: Fraud

Chubb's Digital Payments and Cyber Scams Survey Finds Growing Impact of Fraud on Consumers; Harms Trust in Payment Methods
Digital Payments Finance Fintech News Security

Chubb’s Digital Payments and Cyber Scams Survey Finds Growing Impact of Fraud on Consumers; Harms Trust in Payment Methods

PR Newswire
by PR Newswire0
Across the globe, 61% have changed their behavior or reduced use of digital payment platforms due to cyber scam concerns. 75% say transaction insurance would boost their trust, increasing adoption. Chubb, a world leader in insurance, today released the results of its new global survey, “The Impact of Cyber Scams......
NICE Actimize Launches AI-Powered Fraud Investigations Solution to Mitigate Losses and Maximize Efficiencies
Analytics Artificial Intelligence News Risk Management Security

NICE Actimize Launches AI-Powered Fraud Investigations Solution to Mitigate Losses and Maximize Efficiencies

Business Wire
by Business Wire0
Generative AI and advanced analytics automate processes to help financial institutions meet regulatory timelines and ensure customer satisfaction NICE Actimize, a NICE business announced the availability of the market’s first AI-powered Fraud Investigations solution that facilitates end-to-end fraud management capabilities from detection to investigations. Explicitly designed to enable fraud investigations post detection, the new......
Lucinity Partners with Sift for Unified Fraud and AML Case Management
Finance Fintech News

Lucinity Partners with Sift for Unified Fraud and AML Case Management

PR Newswire
by PR Newswire0
Lucinity and Sift have announced a partnership, unifying fraud and Anti-Money Laundering (AML) into Lucinity’s integrated FinCrime compliance platform for case management, agent-enabled workflow automation, and Generative AI. Sift is an AI-powered fraud platform securing digital trust for leading global businesses. Its Global Data Network analyzes more than 1 trillion events and identity signals per year to......
CertifID Announces Expansion of Insurance to Address Escalating Risk of Wire Fraud
Fintech InsurTech News

CertifID Announces Expansion of Insurance to Address Escalating Risk of Wire Fraud

Business Wire
by Business Wire0
The company has doubled its maximum coverage tier to $2 million per verified transaction to meet rising business demand and housing values CertifID, a leader in wire fraud protection, announced up to $2 million in direct, first-party insurance coverage on every wire transfer that is verified by the company. Thursday’s......
FICO and Jersey Telecom Collaborate to Tackle Authorised Push Payment Fraud
Digital Payments Fintech News

FICO and Jersey Telecom Collaborate to Tackle Authorised Push Payment Fraud

Business Wire
by Business Wire0
Innovative combination of telephony signals and card data delivers first real-time solution to spot scams with early pilot reducing the number of people scammed by 41% In the fight against the growing problem of financial scams, global analytics software leader FICO has collaborated with Jersey Telecom (JT) to develop a......
Illuma Labs Closes $9M Series-A to Accelerate Innovation and Battle Emerging Fraud Threats Targeting Banking Institutions
Finance Fintech News

Illuma Labs Closes $9M Series-A to Accelerate Innovation and Battle Emerging Fraud Threats Targeting Banking Institutions

Business Wire
by Business Wire0
Illuma Labs, a leader in voice authentication technology for banking contact centers, has secured $9 million in Series A funding led by LiveOak Ventures, with participation from Forefront Venture Partners, Curql Fund, UsNet, Capital Factory, Connexus, and TDECU. This investment will accelerate the development of Illuma’s voice verification solutions, addressing......
Artificial Intelligence Guest Posts InsurTech Security

How AI Is Enabling Advanced Fraud Detection for Insurance Claims

Mubbin Rabbani
by Mubbin Rabbani0
In the ever-evolving landscape of insurance, detecting fraudulent claims is a critical yet challenging task. Traditional methods have often fallen short, leaving insurers vulnerable to sophisticated fraud schemes. However, advanced artificial intelligence (AI) and machine learning (ML) techniques are revolutionizing this space, notably through the use of cohort analysis, to......
Nearly One in Five Consumers Struck by Online Identity Fraud, According to ACI Worldwide Speedpay Pulse Report
Digital Payments Fintech News Risk Management Security

Nearly One in Five Consumers Struck by Online Identity Fraud, According to ACI Worldwide Speedpay Pulse Report

Business Wire
by Business Wire0
Consumers turning to billers to safeguard their data as threat of digital payments fraud escalates Digital payment preferences are surging, according to the 2024 ACI Speedpay Pulse Report, published by ACI Worldwide, an original innovator in global payments technology. More than three-quarters of Americans now prefer to pay their bills......
CPI Joins Forces with Rippleshot to Enhance Fraud Protection
Finance Fintech News Risk Management Security

CPI Joins Forces with Rippleshot to Enhance Fraud Protection

Business Wire
by Business Wire0
Rippleshot’s AI-based platform helps financial institutions proactively prevent payment card fraud CPI Card Group Inc. (Nasdaq: PMTS), a payment technology company providing a range of credit, debit and prepaid solutions, complementary digital solutions, and Software-as-a-Service (SaaS) instant issuance, is excited to announce a strategic relationship with Rippleshot to provide its......
Discover Global Network Study: 91% of Asia-Pacific Businesses Prioritize Fraud Prevention Services, Appeal for Virtual Card Numbers Grows
Finance Fintech News

Discover Global Network Study: 91% of Asia-Pacific Businesses Prioritize Fraud Prevention Services, Appeal for Virtual Card Numbers Grows

Business Wire
by Business Wire0
As the need for digital commercial payments continues to increase, APAC businesses must find ways to mitigate fraud for employees and their business expenses Discover Global Network, a leading global payment network, released the second portion of its 2024 Payment State of the Union, the most comprehensive study of its......
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