Search Results for: fraud detection

Unit21’s State of Fraud and AML Report Finds Scams Continue to Strike, While Real-Time Monitoring Shows Real Potential
Compliance management News Risk Management

Unit21’s State of Fraud and AML Report Finds Scams Continue to Strike, While Real-Time Monitoring Shows Real Potential

Business Wire
by Business Wire0
Unit21, a global risk and compliance leader that proactively mitigates risks tied to fraud, money laundering, and other financial crimes, announced the findings of its third annual State of Fraud and AML report at Money2020. “The burden on fraud and AML teams across FIs and fintechs is well known, but what......
Proof Launches Verify, Live Human-Assisted Identity Authorization, Brings Deepfake Detection to All Digital Transactions
Fintech News Security

Proof Launches Verify, Live Human-Assisted Identity Authorization, Brings Deepfake Detection to All Digital Transactions

Business Wire
by Business Wire0
Verify bridges advanced identity verification and deepfake detection and analysis with Reality Defender to secure the entire spectrum of online transactions Proof, the market leader for identity-secured transactions, launched Verify, a live face-to-face experience that delivers high-level assurance with identity verification performed in the presence of an agent, reducing the......
Artificial Intelligence Banking Digital Payments Featured Finance Fintech Risk Management Security

Combating Payment Fraud with AI-Powered Risk Scoring

Fintech Staff Writer
by Fintech Staff Writer0
Digital banking has revolutionized how people manage finances, but it has also increased exposure to payment fraud. As fraudsters become more sophisticated, traditional rule-based methods struggle to keep pace. AI-powered risk scoring provides a more robust solution by analyzing vast amounts of transaction data and identifying subtle patterns that indicate......
Swift to Launch AI-Powered Fraud Defence to Enhance Cross-Border Payments
Artificial Intelligence Digital Payments Fintech News

Swift to Launch AI-Powered Fraud Defence to Enhance Cross-Border Payments

Business Wire
by Business Wire0
Swift is rolling out an AI-powered anomaly detection service to help banks proactively detect and defend against potential financial crime The new service follows a successful pilot with financial institutions across Europe, North America, Asia and the Middle East, and is part of a broader portfolio of Swift-facilitated AI innovation......
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......
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......
Alogent and Mitek Announce Partnership to Tackle Ballooning Check Fraud Epidemic
News Security

Alogent and Mitek Announce Partnership to Tackle Ballooning Check Fraud Epidemic

Business Wire
by Business Wire0
Mitek’s Check Fraud Defender selected by Alogent to bring better check fraud detection to banks and credit unions Mitek Systems, a global leader in digital identity and fraud prevention, announces the expansion of their partnership with Alogent. Alogent will integrate Mitek’s Check Fraud Defender (CFD) into its web-based enterprise deposits automation......
90% of Americans Worry About Rise in Fraud, 74% Think AI Will Increase Successful Fraud Attempts, Abrigo Survey Finds
News Risk Management

90% of Americans Worry About Rise in Fraud, 74% Think AI Will Increase Successful Fraud Attempts, Abrigo Survey Finds

Business Wire
by Business Wire0
2024 Abrigo Fraud Survey shows half of Americans are “extremely concerned” about fraud, misconceptions about recoverability persist, and majority (71%) worry about money laundering Abrigo, a leading provider of financial crime prevention and risk management solutions for U.S. financial institutions, announced compelling new survey results revealing how Americans feel about......
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