Search Results for: fraud detection

Shift Technology to Support Fraud Detection and Subrogation Initiatives for Central Insurance
Business Fintech InsurTech News Risk Management

Shift Technology and Snapsheet Partner to Add Fraud Detection to Snapsheet Claims Management Platform

Fintech News Desk
by Fintech News Desk0
Integration Allows Shift’s Force Fraud Detection Solution to Seamlessly Deliver Alerts to Snapsheet Users Shift Technology, a provider of AI-native fraud detection and claims automation solutions, and Snapsheet, a leading provider of claims management technology and virtual appraisal solutions for insurance carriers, risk managers and TPAs, announced a strategic partnership between......
UNIQA Insurance Group AG Recognized As Model Insurer By Celent For Successful Implementation of FRISS Fraud Detection Software
Artificial Intelligence Fintech InsurTech News

UNIQA Insurance Group AG Recognized As Model Insurer By Celent For Successful Implementation of FRISS Fraud Detection Software

Fintech News Desk
by Fintech News Desk0
Celent, the global financial services research and advisory firm, has recognized UNIQA Insurance Group AG with the Model Insurer Award in the Data, Analytics and AI category. UNIQA receives the award after implementing FRISS’ fraud detection software for their successful Strategic Group P&C Anti-Fraud Initiative. Read More: GlobalFintechSeries Interview with Griffin......
EBA CLEARING to Enrich RT1 and STEP2 with Fraud Prevention and Detection Capabilities
Digital Payments News Security

EBA CLEARING to Enrich RT1 and STEP2 with Fraud Prevention and Detection Capabilities

PR Newswire
by PR Newswire0
The comprehensive solution will add insights from a central system view to the fraud-fighting efforts of STEP2 and RT1 users EBA CLEARING announced that it will enrich its SEPA payment systems, RT1 and STEP2, with fraud prevention and detection capabilities by November 2023. The Company’s new Fraud Pattern and Anomaly......
MindBridge Partners With Equifax Canada To Deliver A Pioneering Product For Early Detection Of Synthetic ID Fraud
Analytics News Security

MindBridge Partners With Equifax Canada To Deliver A Pioneering Product For Early Detection Of Synthetic ID Fraud

Fintech News Desk
by Fintech News Desk0
MindBridge deploys a proprietary AI solution leveraging its best-in-class risk discovery platform against Equifax’s industry-leading credit reporting data sets and analytics MindBridge, the world’s leading discovery platform for financial integrity, and Equifax Canada, a data, analytics, and technology company that helps businesses make critical decisions with greater confidence, teamed up on......
IDnow reports 250% increase in fraud attempts since the beginning of the COVID-19 pandemic - detection remains very good
Business Fintech News Risk Management

IDnow Reports 250% Increase in Fraud Attempts Since the Beginning of the COVID-19 Pandemic – Detection Remains Very Good

Fintech News Desk
by Fintech News Desk0
IDnow (www.idnow.io), a leading provider for Identity Verification-as-a-Service solutions, publishes the latest figures on changes in fraud methods within the digital environment in its “Cyber Security Report 2020”. The company sees a strong increase of 250% in fraud attempts. Technology and security systems remain ahead of the new trends. Read......
Oscilar Launches Revolutionary Device and Behavioral Intelligence Solution to Combat AI-Powered Fraud
Artificial Intelligence Fintech News Risk Management

Oscilar Launches Revolutionary Device and Behavioral Intelligence Solution to Combat AI-Powered Fraud

PR Newswire
by PR Newswire0
New offering intended to protect against projected $40 billion in AI-powered fraud by 2027. Oscilar, the AI Risk Decisioning™ pioneer, today unveiled its groundbreaking Cognitive Identity Intelligence Platform to combat the rising tide of AI-powered fraud. The platform’s proprietary “Digital & Behavior Identification” technology fundamentally transforms digital identity verification in an era where traditional......
New FICO Survey: Consumers Will Switch Banks If Fraud Prevention Expectations Are Not Met
Finance Fintech News Risk Management

New FICO Survey: Consumers Will Switch Banks If Fraud Prevention Expectations Are Not Met

Business Wire
by Business Wire0
Global survey shows that real-time-payments (RTP) usage and scams are growing both in frequency and value of loss worldwide A new global FICO survey finds that more consumers reported that their family and friends have been victims of real-time payment scams in 2024 (56%) versus 2023 (51%). 50% of consumers......
Finance Fintech Guest Posts Risk Management Robotic Process Automation Security

Fraud Consortiums: A Double-Edged Sword for Fintechs in the Fight Against Fraud

Kevin McWey
by Kevin McWey0
By: Kevin McWey, Chief Revenue Officer, DataVisor Fintechs are facing new challenges as fraud grows more pervasive and sophisticated, with each fintech losing an average of $51 million each year to fraud. To protect themselves and their customers, fintechs must approach fraud prevention from every angle. One key component of......
Reducing Fraud and Amping up Authorizations: Worldpay and Capital One Share Transaction Data to Optimize Payments
Digital Payments Fintech News

Reducing Fraud and Amping up Authorizations: Worldpay and Capital One Share Transaction Data to Optimize Payments

Business Wire
by Business Wire0
New partnership aims to improve the detection of real fraud events and reduce false positive declines Worldpay and Capital One have joined forces in a new collaboration to optimize payment fraud decisioning and enhance payment security and efficiency with a data sharing agreement. Merchants enrolled in Worldpay’s flagship fraud detection and......
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