Search Results for: financial fraud

Fraudsters Shift Focus at Mid-Point of 2021 from Financial Services to Travel and Leisure and other Industries
Finance Fintech News

Fraudsters Shift Focus at Mid-Point of 2021 from Financial Services to Travel and Leisure and other Industries

Fintech News Desk
by Fintech News Desk0
TransUnion analyzes global digital fraud trends through June 30, 2021 As the prevalence of digital fraud attempts on businesses and consumers continues to rise, TransUnion’s newest quarterly analysis found that fraudsters are re-focusing their efforts from financial services to the travel and leisure and gaming industries. Across industries, the rate......
Fintech News

Kompli-Global Challenges Businesses in the Payments and Wider Financial Services Sector to Enter the Tent and Beat the Fraudsters in a ‘Bake-Off’

Fintech News Desk
by Fintech News Desk0
The Great Kompli-Global KYB Bake-Off is designed to highlight how fraudsters are avoiding detection by analysts potentially not having all the right fraud prevention ingredients With fraudsters becoming increasingly smarter and more collaborative in trying to get round those systems with the weakest links to commit their fraudulent crimes, now more than......
BAI Finds Consumers Confident in Financial Services Organizations’ Fraud Response
Artificial Intelligence Banking Fintech Investment Services News

BAI Finds Consumers Confident in Financial Services Organizations’ Fraud Response

Fintech News Desk
by Fintech News Desk0
According to research recently conducted by BAI, a nonprofit independent organization that delivers the financial services industry’s most actionable insights, fraud and security remain the biggest frustration with digital banking customers. Today’s consumer is faced with greater challenges relative to fraud due to the impact of the COVID-19 pandemic, subsequent......
ID Insight Launches Financial Institution Fraud Investigation Network(SM)
Fintech News Risk Management

ID Insight Launches Financial Institution Fraud Investigation Network(SM)

Fintech News Desk
by Fintech News Desk0
New network applies technology to facilitate unprecedented and automatic collaboration between investigators across the country to keep fraud out of the banking system Organized fraud rings are growing more sophisticated, sharing technology, data and insights designed to defraud financial institutions. And now – on the heels of FinCEN encouraging banks......
FICO Recognized by Chartis as Category Winner in Innovation, AI Applications, and Financial Crime-Enterprise Fraud; Ranked Sixth Overall in the 2021 Chartis RiskTech 100® Report
Artificial Intelligence Fintech News Risk Management

FICO Recognized by Chartis as Category Winner in Innovation, AI Applications, and Financial Crime-Enterprise Fraud; Ranked Sixth Overall in the 2021 Chartis RiskTech 100® Report

Fintech News Desk
by Fintech News Desk0
Position Reflects FICO’s Analytic Innovation Strategy and Ability to Help Organizations Manage the Complexity of Their Analytic Assets Global analytics software provider FICO, announced that it has ranked sixth in Chartis Research’s annual RiskTech100® report of world’s leading risk technology providers. FICO also won category awards for Innovation, AI Applications,......
Feedzai’s Financial Crime Report: COVID increases fraud rate by 60%
Fintech News Risk Management

Feedzai’s Financial Crime Report: COVID increases fraud rate by 60%

Fintech News Desk
by Fintech News Desk0
 Feedzai, the world’s leading risk management platform, has announced its Quarterly Financial Crime Report which contains financial crime indicators and consumer trends while drawing spending comparisons during one of the most complex shifts in consumer behavior. The report also identifies the top 3 Global Fraud Contributors in 2020 with card cloning, high-speed......
ENACOMM Further Enhances Fraud Protection for Financial Institution and Credit Processor Customers Through New Boku Partnership
Business Fintech News

ENACOMM Further Enhances Fraud Protection for Financial Institution and Credit Processor Customers Through New Boku Partnership

Fintech News Desk
by Fintech News Desk0
ENACOMM to integrate Boku verification of device ownership, possession into Fraud Control Module, enabling dynamic interaction channel behavior that thwarts suspected fraudsters ENACOMM Fraud Control Module (FCM) users will soon have an additional weapon to use against fraudsters, thanks to a new partnership between ENACOMM and Boku. Financial institution and......
Fintech Provider Quavo, Inc. Launches Fraud and Disputes AI for Financial Institutions
Artificial Intelligence Fintech News

Fintech Provider Quavo, Inc. Launches Fraud and Disputes AI for Financial Institutions

Fintech News Desk
by Fintech News Desk0
Last month, financial technology provider Quavo, Inc. released their revolutionary dispute management AI, ARIA™ (Automated Reasonable Investigation Agent), for issuing financial institutions and service organizations. ARIA is the first and only SaaS platform leveraging AI and automation to conduct dispute investigations as a human would, while staying fully compliant. Read More:......
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Leading UK Bank Strengthens Fight Against Rising Payments Fraud and Financial Crime with Featurespace

Fintech News Desk
by Fintech News Desk0
As banks around the world continue fighting fraud, scams and false positives, Featurespace™, the leading provider of Enterprise Financial Crime prevention software for fraud and Anti-Money Laundering, has announced that NatWest is protecting its customers with the ARIC™ Risk Hub through enterprise-wide transaction monitoring and payments fraud detection – including threats posed by Authorised......
Experian’s Precise ID® Solution Is Helping Prevent and Detect Improper and Fraudulent Unemployment Insurance Payments
Fintech News

Experian and BioCatch Provide a Global Financial Services Provider With a 73% Lift in Fraud Detection

Fintech News Desk
by Fintech News Desk0
Layered behavioral biometrics, device intelligence and machine learning drive stronger account opening fraud detection and substantial operational improvements Amidst the pandemic, consumers have progressively shifted more and more of their activities online. Concurrently, there has been a surge in fraudulent attempts – industry data suggests that, since the beginning of......
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